As the Dogecoin (DOGE) price fades and eyes a new test of recent range lows, investors are turning to an exciting virtual reality ICO called 5thScape as they hunt for 1,700% profits.
Dogecoin was last changing hands in the mid-$0.14s, having bounced from $0.14 support on Monday.
The subdued tone to trade will have disappointed some. Monday was actually the day that Dogecoin futures launched on Coinbase, the largest US crypto exchange.
Today is the amended date Coinbase is supposed to launch #Dogecoin futures pic.twitter.com/qJMHP6G9I4
— Crypto Daily Trade Signals (@cryptodailyTS) April 30, 2024
For now, with macro risks in focus, price could continue ebbing lower. Recent data out of the US has shown weaker-than-expected growth, but hotter-than-expected inflation.
That’s a bad combination for risk assets and complicates the outlook for Fed rate cuts.
Indeed, fading rate cut bets has been one reason for major cryptos losing bullish momentum in recent weeks.
Dogecoin could easily retest its mid-March and mid-April lows in the $0.12-13 area.
The Dogecoin price has been ebbing lower and it may soon test recent range lows. Source: TradingView
That being said, the long-term outlook remains robust for the meme coin.
Can Dogecoin Hit $3.80?
Dogecoin remains the undisputed king of meme coins and is unlikely to lose this position thanks to Musk’s ongoing backing.
Its not unsurprising then that traders continue predicting big things for Dogecoin.
One X user predicted that the coming bull cycle could launch DOGE as high as $3.80.
In all of #Dogecoins bull cycles it has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. The current 1.618 FIB on #DOGE currently sits at $3.80. While I think this can be more difficult to achieve then… pic.twitter.com/9UE0rE3zCY
— Kevin (@Kev_Capital_TA) April 26, 2024
That’s based on analysis that Dogecoin has always hit the 1.618 Fibonacci extension measured from the prior bull market high to the most recent bear market lows.
While the outlook for Dogecoin is strong, traders are still eager to diversify into other high-potential projects.
One project that Dogecoin investors are turning to is exciting virtual reality ICO 5thScape. Here’s why 5thScape is generating excitement.
5thScape – Is This Exciting Virtual Reality ICO 2024’s Best Opportunity?
5thScape has been attracting a lot of attention recently, with
5thScape is a first-of-its-kind crypto-powered VR/AR project, and investors are betting it will become a market leader.
At least, that’s what the project’s surging presale seems to suggest. 5thScape has already raised north of $5.6 million.
The token is priced at $0.00327, a steep discount from its planned launch price of $0.1. Investors who get involved now can lock in potential gains of 200%.
Given its total token supply of 5.1 billion, investors who get in now are essentially buying into the project at a market cap of $16 million.
If 5thScape starts to gain traction as a market leader, it could easily become a $100+ million market cap coin.
If it was to reach a $300 million market cap, which isn’t that much to ask midway through a crypto bull run, that would mean over 1,700% 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.
Here’s why 5SCAPE is one of popular crypto presale analyst Michael Wrubel’s top picks for 2024.
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