The Metacade Prize and the debt limit lead to a dead end

chance for the crisis of the debt limit

The metacade price did not go back due to its poor fundamental data. Instead, he has dropped due to the continuing risk aversion of the market participants. This is proven by the fact that the US dollar index has increased to the highest level in more than a month. The closely observed VIX index has also increased in double digits.

The greatest concern is that the American government will not meet its debt obligations in June if Democrats and Republicans have no agreement. The latest reports show that the talks between the two negotiators have stalled. As a result, Fitch, a large rating agency, announced that it classified the United States in a negative evaluation area. The report said:

"The risky procedure for the debt ceiling and the failure of the US authorities to tackle the medium-term budgetary challenges, which will lead to increasing budget deficits and growing debt burden, signal down the downward risks for the creditworthiness of the USA."

I believe that the question of the debt limit is a good opportunity for investors to buy the decline in important financial systems such as Metacade and shares. On the one hand, there is the likelihood that the United States will not be insolvent because both sides will reach an agreement.

Janet Yellen, head of the Ministry of Finance, said that the United States would go out the money on June 1st. This means that there are still six weeks to reach an agreement. Historically, also in 2011, these deals will be completed on the last day.

A common saying on the market recommends buying when other people are afraid. This is a strategy that worked well in the past crises. For example, it worked well when the Covid 19 pandemic began. In addition, investors who bought during the global financial crisis in the declines of the course have achieved high profits over the years.

The metacade bases are strong

First of all, Metacade is a new blockchain project that brought in over $ 16 million through token sales. The developers develop a gaming product that is likely to be much better than existing products such as Axie Infinity and Decentraland.

according to Metacade white paper , The developers are currently working on the game that is to be published in the next few months. At the same time, they are working on listing the token on leading stock exchanges. As we wrote here , it has already been listed by Mexc and Bitmart.

Metacade has strong fundamental data because it is an industry that is expected to grow in the next few years. A report Learn Have generated billions of US dollars and that the volume will increase to over $ 65 billion by 2027. I believe that Metacade will have a market share in this industry.