Since finding strong support above a key long-term resistance-turned-support zone between $0.000016-18, the Shiba Inu (SHIB) price has been staging a strong comeback. Still, investors are shifting funds to an exciting new virtual reality ICO called 5thScape (5SCAPE) as they see potential 1,000% returns.
Last trading at $0.000027, Shiba Inu has bounced an impressive 47% from earlier monthly lows.
If the second largest meme coin by market cap can break above its 21DMA, buy pressure could further increase as it could signify that SHIB has snapped its recent downtrend. That could ignite speculation of an imminent retest of 2024 highs above $0.000045.
Shiba Inu (SHIB) price has been staging a strong comeback, but investors are nonetheless shifting funds to an exciting new virtual reality ICO called 5thScape as they eye potential 1,000% returns. / Source: TradingView
While Shiba Inu’s near-term outlook is strong, the meme coin’s bloated market cap is an issue to some investors.
Shiba Inu’s market cap is around $16 billion, as per CoinMarketCap, limiting the potential gains that SHIB can deliver this bull market.
Yes, perhaps SHIB could still go 3-5x from here, but, many crypto investors are looking for much bigger gains.
It’s no surprise then that Shiba Inu investors have been shifting to a new virtual reality ICO 5thScape.
The first-of-its-kind crypto-powered VR/AR project has already raised over $5.5 million. The 5thScape team believes tokenization will play a major role in the future of VR/AR, and its $ 5 SCAPE token is central to its vision.
New Virtual Reality ICO 5thScape – 2024’s Best Presale?
Priced at $0.00327, a steep discount versus the token’s planned launch price of $0.1, investors who get involved now can lock in potential profits 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.
5th Scape Presale Stage 5 is Now Live!
Dive into the virtual frontier with 5SCAPE – the gateway to limitless experiences.
Hyper-Realistic VR Gaming
Unlock Premium Content#Cryptocurency#5thScape pic.twitter.com/EFIJ4MgIs4
— 5th Scape (@5th_scape) April 12, 2024
5thScape could easily become a major market leader in its VR/AR niche, however. There is a good chance that it could one day become a $500 million market cap token.
Crypto YouTuber Decrypto Crypto thinks 5thScape has 100x potential.
Meanwhile, fellow YouTuber Michael Wrubel, who has over 310,000 subscribers on the platform, is bullish on the project.
Users will be able to stake $5SCAPE to earn rewards and unlock a wealth of utility-rich features.
For gamers, $5SCAPE is the universal currency for unlocking products and services in a seamless transactional environment, such as buying and trading in-game assets and access to premium content.
Unlock new dimensions with 5th Scape! Dive into adrenaline-pumping battles, precision archery, and high-speed racing—all within the limitless virtual realm. Holding 5SCAPE tokens unlocks exclusive benefits like free games, discounts, and seamless in-world transactions.
The… pic.twitter.com/LNO30KXRPW
— 5th Scape (@5th_scape) April 20, 2024
On the other hand, developers can earn $5SCAPE tokens to build games for the platform and participate in the 5thScape Developer Center.
The initial product offering includes an impressive array of games, from MMA Cage Contest to soccer VR sporting fun Immersive Kickoff, racing game Thrust Hunter, and Archery Master, an adventure game where you follow in the footsteps of a legendary archer.
Exciting News!
Get an exclusive sneak peek into the heart-pounding world of MMA Cage Conquest! Our virtual reality experience takes you from gritty training sessions to the roaring crowds of iconic MMA arenas. It’s more than just a fight; it’s your journey to become… pic.twitter.com/BLq09Nbk5D
— 5th Scape (@5th_scape) April 23, 2024
5thScape will run on the Ethereum network and use the Skale Network Layer 2 technology to enable the scaling necessary for gaming and other virtual world activities.
5thScape Developing Its Own VR Headset
To work well, virtual reality and augmented reality need great hardware too. So the team at 5thScape will develop the VR Ultra headset and the Swiftscape VR chair in order to maximize comfort and ergonomics to deliver an immersive experience with precise motion tracking and intuitive controls.
The funds being raised in the presale will enable the project to complete the development and manufacture of its hardware and build out the decentralized network infrastructure.
Also encouraging for potential investors is a link to CEO Anoj Kumar’s LinkedIn page, which is provided on the website, as are those of the rest of the leadership team.
An active wallet widget on the homepage shows purchasing activity from countries worldwide, such as Germany, Australia, the United States, and Japan, to name a few.
$5SPACE token can be bought today with ETH, MATIC, USDT, BNB, or card.
Eighty percent of the total token supply is available for purchase in the presale. The excitement around the project is shown by the size of the community on social media.
5thScape’s Discord server already has more than 6,250 members, Telegram 18,000, X/Twitter 13,700, and 1,400-plus on its YouTube channel.
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