Investors are turning to a new virtual reality ICO called 5thScape (5SCAPE) as the Cardano (ADA) price struggles to gain traction. ADA is currently down 10% from earlier weekly highs and more than 40% from its March highs, amidst macro headwinds picking up. The latest US Core PCE inflation data showed core price pressures in the US remain high, leading to expectations that the Fed will delay interest rate cuts until later in 2024. US bond yields and the dollar are close to multi-month highs, while fading inflows into spot Bitcoin ETFs have been a major altcoin headwind.
The lack of adoption in Cardano’s web3 ecosystem is concerning, with Cardano’s total value locked (TVL) currently at $368 million, ranking 26th in the market. This suggests that ADA may be overvalued compared to its market cap of $21.5 billion. Despite being the 10th largest crypto, Cardano’s TVL is lower than several competitors, raising concerns about its valuation compared to other major cryptos like Bitcoin and Ethereum. Some investors are skeptical about Cardano’s growth potential and adoption, leading them to seek out alternative investment opportunities with higher upside potential.
Investors are now turning to a new virtual reality ICO called 5thScape (5SCAPE) as a promising investment option. 5thScape is a first-of-its-kind crypto-powered VR/AR project that has already raised over $5.6 million in its presale. The token is priced at $0.00327, offering a potential gain of 200% from its planned launch price of $0.1. With a total token supply of 5.1 billion, investors can buy into the project at a market cap of $16 million, making it an attractive investment opportunity with the potential to become a market leader in the VR/AR niche.
Investors believe that 5thScape could become a major market leader in the VR/AR space, with the potential for its native token, 5SCAPE, to reach a market cap of $500 million. The platform allows investors to buy 5SCAPE tokens using various cryptocurrencies, with 80% of the total token supply available for purchase in the presale. As 5thScape gains traction and organic demand for the token increases, there is optimism that it could become a significant player in the crypto market. Virtual reality is an emerging and innovative sector that presents new opportunities for investors seeking higher returns in the volatile crypto market.
Despite the potential upside of investing in 5thScape, it is essential to acknowledge the high-risk nature of cryptocurrencies as an asset class. This article should be taken as informational rather than investment advice, as there is a risk of losing all capital when investing in crypto projects. It is crucial for investors to conduct thorough research and due diligence before making any investment decisions in the crypto market to mitigate potential losses. As interest in virtual reality and alternative investments continues to grow, projects like 5thScape offer unique opportunities for investors looking to diversify their portfolios and capitalize on emerging trends in the digital asset space.
