As Dogecoin (DOGE) probes for a breakout to the downside of key medium-term support, DOGE token holders are venturing into a new VR ICO called 5thScape (5SCAPE) as they hunt for 1,763% returns.
Dogecoin hit its lowest level in two months on Wednesday, just south of $0.12. But support in this area is holding up the price for now.
Crypto has been selling off recently as Bitcoin ETFs saw outflows and a weak ETF debut in Hong Kong further deflated the market.
#Bitcoin ETF Update (April 30)
– Total net outflows from Bitcoin spot ETFs: $162M
– Grayscale ETF $GBTC alone saw outflows of $93.23M
– GBTC’s historical net outflow now totals $17.30B
– Overall $BTC spot ETF value drops below $50B to $49.41B pic.twitter.com/3yRDjIMKkv
— @TheLordofEntry (@thelordofentry) May 1, 2024
Macro headwinds have also been hitting the market, with the Fed just reiterating its reluctance to begin cutting interest rates soon.
#BITCOIN BACK ABOVE $58,000 AS FED CITES ‘LACK OF FURTHER PROGRESS’ FIGHTING INFLATION
— *Walter Bloomberg (@DeItaone) May 1, 2024
That’s due to recent data showing that US inflation remains uncomfortably hot, including wage growth data released yesterday.
Should macro headwinds worsen later in the week, a distinct possibility with US PMI and jobs data due, Dogecoin could easily soon break $0.12 support.
That would open the door to a quick drop back to $0.1050 support.
With the near-term outlook for Dogecoin downbeat, it’s no surprise that investors are looking to diversify.
One project that is attracting a lot of attention is the new VR ICO 5thScape.
Here’s Why New VR ICO 5thScape Could Be 2024’s Best Presale
The 5thScape presale is attracting a lot of attention, with investors betting it will become a market leader.
5thScape is a first-of-its-kind crypto-powered VR/AR project setting out to build a crypto-powered VR ecosystem. And investors are betting it will become a market leader.
Hey #5thScape fam! 🎮 Just dropping by to share some epic news: our dedicated team has been tirelessly leveling up the thrill factor in our latest project!
🚀 Stay tuned for the most cutting-edge updates and enhancements as we continue to redefine what’s possible in gaming.… pic.twitter.com/qwrDZH5p4a
— 5th Scape (@5th_scape) April 30, 2024
That’s what the project’s surging presale suggests, with 5thScape having already raised more than $5.6 million.
5SCAPE is currently available for $0.00327, a steep discount from its planned launch price of $0.1.
That means investors who get in now will have unrealized gains of 200% at the time of launch.
Its token supply of 5.1 billion means that, at the current price, 5SCAPE has a market cap of $16 million.
If 5thScape gains traction as a market leader, it could easily become a $100+ million market cap coin.
If it reaches a $300 million market cap, which isn’t too much during a crypto bull run, that would mean over 1,763% gains for presale investors.
$5SCAPE token can be bought today with ETH, MATIC, USDT, BNB, or card.
80% of the total token supply is available for purchase in the presale.
Buy 5SCAPE Here
Here’s why 5SCAPE is one of popular crypto presale analyst Michael Wrubel’s top picks for 2024.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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