Dogecoin holders are abandoning their DOGE tokens in favor of a new initial coin offering (ICO) called 5thScape (5SCAPE), which is expected to make significant advancements in the crypto augmented reality/virtual reality (AR/VR) industry. Despite Dogecoin’s current price being stuck below the $0.17 resistance level, it has seen an 11% increase this week along with a general market rally.
Ordinarily, now wouldn’t be an opportune time for Dogecoin holders to divest their DOGE tokens. The cryptocurrency has shown signs of forming an ascending triangle pattern in recent weeks, which typically precedes a bullish breakout. If this breakout occurs, there is a strong possibility of a rapid return to the March highs of around $0.23, resulting in a potential 40% gain for Dogecoin.
However, Dogecoin’s inflated market capitalization, currently sitting at nearly $24 billion, suggests limited room for further growth. Long-term proponents of the meme coin are hopeful that it can eventually reach $1, which would represent a six-fold increase from its current value. Nevertheless, achieving a market cap of over $140 billion to support this growth seems unlikely, even if Bitcoin surpasses $100,000.
Traders seeking larger and faster returns often turn to smaller and more speculative alternative coins (altcoins). One strategy they often overlook is participating in presale investing, where early investors can purchase native tokens at a discounted rate to support project development. Cryptonews has identified the AR/VR project 5thScape (5SCAPE) as one such opportunity, with the potential to become a market leader. This has prompted Dogecoin holders to gravitate towards the token.
The new ICO, 5thScape, has introduced a crypto-infused VR/AR ecosystem powered by the versatile 5SCAPE token. It consists of 5SCAPE-powered VR decentralized applications (dApps), with the beta version of its first game, “MMA Cage Conquest,” already available in the META store. The presale of the 5SCAPE token has garnered significant attention, raising over $6.1 million. At the current price of $0.00327, investors can enter the project with a market cap of under $20 million and potentially realize gains of over 200% when the token launches at $0.1.
If 5thScape gains momentum as a market leader, it could easily reach a market cap of $200+ million, resulting in potential returns of over 10 times or 1,000% for presale investors. However, those interested in taking advantage of this favorable valuation must act swiftly, as the price will increase by 15% to $0.00376 once the presale hits $6.25 million. The 5SCAPE token can be purchased today using ETH, MATIC, USDT, or BNB, with 80% of the total token supply available for purchase during the presale.