The XRP price has been struggling to keep up with the broader crypto market rebound, with gains of only 1.4% in 24 hours compared to Bitcoin and Solana which have seen gains of 3.5% and 4.5% respectively. The market cap of XRP has recently fallen below that of US dollar stablecoin Circle USD, standing at around $27.67 billion, nearly $4.5 billion less than USDC. XRP is currently ranked number 7 in terms of market cap, while USDC has taken the 6th spot. The sharp drop in XRP’s price earlier in the month was triggered by a sharp altcoin sell-off due to geopolitics, and macro headwinds have prevented a full recovery.
Following the break of a key long-term uptrend, XRP’s price is predicted to continue its downward trajectory. The bears have already hit three major price targets, with potential further declines towards $0.40 if Bitcoin experiences a post-halving sell-off and macroeconomic challenges persist. Investors looking for alternatives to XRP may consider investing in projects such as 5thScape (5SCAPE). This up-and-coming project is conducting presale rounds to fund early developments through the sale of its native token, offering investors the potential for high gains, albeit with substantial risk.
5thScape (5SCAPE) is a first-of-its-kind crypto-powered VR/AR project that has already raised over $5 million. The project believes that tokenization will play a significant role in the future of VR/AR, with its $5SCAPE token at the center of its vision. Priced at $0.00327, a significant discount compared to its planned launch price of $0.1, early investors could secure paper gains of 200%. With a total token supply of 5.1 billion, investors who participate in the presale are essentially buying into the project at a market cap of $16 million.
5thScape could potentially become a major market leader in the VR/AR niche, with the potential to reach a market cap of $500 million. Investors who get involved at the current stage could see significant gains as the project progresses. Running on the Ethereum network and utilizing Skale Network Layer 2 technology for scaling, 5thScape’s $5SCAPE token is available for purchase with various cryptocurrencies or card payments. The project has a large and growing community on social media platforms, indicating strong interest and support for its vision and potential.
It is important to note that investing in crypto projects, including XRP and 5thScape, carries high risk and may result in substantial financial losses. Investors should conduct thorough research and consider their risk tolerance before participating in any investment opportunity in the crypto market. The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors should exercise caution and seek professional guidance before making any investment decisions.
