Shiba Inu Investors Shift Focus to New ICO, Aiming for 1000% Returns
Investors in Shiba Inu (SHIB) are now turning their attention to a new Initial Coin Offering (ICO) in hopes of achieving returns of up to 1000%, a feat that seems unlikely with SHIB.
Over the past two months, SHIB has formed a pennant structure while remaining below its 2024 highs. Although pennant structures can result in either bullish or bearish outcomes, the risks for SHIB appear to be leaning towards further downside. This is evident as SHIB has encountered strong resistance at its 50-day moving average (DMA) on two occasions in recent weeks, indicating that bears still dominate the market. If SHIB breaks below its current pennant structure and its 100DMA, selling pressure could intensify. The initial bearish target would be the support zone at $0.000018, followed by the late 2024 and early 2023 highs in the $0.000015-16 range.
With SHIB expected to decline in the near future, investors are now seeking alternative options that offer quick upside potential. One such ICO that has garnered attention is 5thScape, as reported by analysts at Cryptonews.
5thScape is an exciting new ICO that has been generating significant buzz. It is a groundbreaking crypto-powered Virtual Reality/Augmented Reality (VR/AR) project. The project is developing its own VR/AR headset and ecosystem, with the blockchain powering its economics. The surge in presale activity for 5thScape indicates that investors believe it has the potential to become a market leader. The project has already raised over $5.8 million. The token, 5SCAPE, is currently priced at $0.00327, a substantial discount from its planned launch price of $0.1. This means that investors who participate now have the opportunity to secure gains of 200%. With a total token supply of 5.21 billion, investors who enter at this stage are essentially investing in the project at a market capitalization of $17 million. However, if 5thScape gains traction as a market leader, it could easily reach a market cap of over $100 million.
To kickstart its web3 initiative, 5thScape is actively developing a VR Mixed Martial Arts (MMA) game called MMA Cage Conquest. Presale investors have the potential to secure gains of up to 1000%. The $5SCAPE token can be purchased today using ETH, MATIC, USDT, BNB, or card. 80% of the total token supply is available for purchase during the presale.
For those interested, here’s why 5SCAPE is considered one of Clinix Crypto’s top picks for crypto presales in 2024.
Please note that investing in crypto carries high risks, and this article is for informational purposes only and should not be considered investment advice. It’s important to be aware that there is a possibility of losing all invested capital.