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The SOHOTRN price exploded 89% to trade for $0.001235 as of 06:30 a.m. EST time.
The SOHOT price recorded an intra-day high of $0.0023998, but suffered a rejection as investors cashed in on the gains. Nevertheless, the surge earned the altcoin a place on DEXED’s list of trending coins.
🔥 #ETH TREND ALERT
SOHOTRN $SOHOT – https://t.co/zNpLfrza3G #SOHOT
📄 CA : 0xC3f8143212871014B472EA83285aF7f25928DeE4
📈 Chart : https://t.co/jnABkb11M2🚨 $DEXED Launching soon : https://t.co/CJYmzvZ8Td pic.twitter.com/H68gzMuCoz
— Dexed ETH Trending (@dexed_eth) March 14, 2024
SOHOT is also trending on TheNewsCrypto, alongside Aevo (AEVO), Pepe (PEPE), Floki Inu (FLOKI), Dogwifhat (WIF), and Peng (PENG).
Here are the trending #Cryptos of the day!✨
✅Aevo ( $AEVO ) – @aevoxyz
✅SOHOTRN ( $SOHOT ) – @SohotRNToken
✅Waves ( $WAVES ) – @wavesprotocol
✅Pepe ( $PEPE ) – @Pepe
✅Super Trump ( $STRUMP ) – @SuperTrumpCoin
✅FLOKI ( $FLOKI ) – @RealFlokiInu
✅Storj ( $STORJ ) – @storj… pic.twitter.com/Y7z4cI8nXc— TheNewsCrypto (@The_NewsCrypto) March 14, 2024
According to CoinMarketCap, the SOHOTRN ticker, SOHOT, represents a unique blend of cryptocurrency and social media influence. One of Elon Musk’s most sensational tweets inspired it, with its hallmark being to offer a robust staking system. Here, participants earn rewards when they lock in their SOHOT tokens.
It also integrates the growing world of Non-Fungible Tokens (NFTs), with a specific focus on an NFT marketplace catering to adult models. This unique marketplace provides a platform for digital art and collectibles related to adult entertainment. It also represents a novel intersection of crypto with the adult entertainment industry.
The network is committed to leveraging the popularity and controversy surrounding Musk’s online presence. This is intended to create a unique and potentially lucrative ecosystem within the crypto realm.
SOHOTRN Price Outlook
The SOHOTRN price is trading below the 50% Fibonacci placeholder of $0.0013535. Based on the outlook of the Relative Strength Index (RSI), buying momentum is rising, which could see the SOHOT price rally north.
Notably, the position of the RSI at 66 shows that there is still more room to the north before SOHOT is considered overbought. With this, the bulls still have enough reasons to push the SOHOTRN price further north.
Enhanced buying pressure could send the SOHOTRN price north, potentially going as high as to flip the 78.6% Fibonacci retracement level from resistance into support at $0.0020549.
In a highly bullish case, bullish momentum could send the SOHOTRN price to reclaim its March 9 peak of $0.0025798.
TradingView: SOHOT/USDT 1-day chart
On the other hand, if the bears have their way, the SOHOTRN price could drop, losing immediate support due to the 38.2% Fibonacci retracement level of $0.0010641. if this buyer congestion level fails to hold as a support, the SOHOT price could descend to test the 23.6% Fibonacci retracement level of $0.0007060.
For the bullish thesis to be invalidated, however, the price must break and close below the 25-day Exponential Moving Average (EMA) at $0.0005679.
Even as the SOHOTRN price looks to reclaim its previous peak, new presale 5th Scape is gaining market attention.
The project is sprinting towards the $1 million mark in presale sales and claims to be the “world’s first AR & VR ecosystem that connects the smartest minds together.”
Promising Alternative To SOHOTRN
5th Scape is out to be a game-changer in the VR and AR space, bringing in a new age for this technology. It leverages the currently-in-development Cage Conquest MMA game model to deliver this revolution.
🥊 Step into the octagon with 5th Scape's MMA Cage Conquest! Experience hyper-realistic VR gameplay like never before. 💥 Over $200K raised in presale funds!
🎮 Check out our recent PR for more exciting updates!https://t.co/FPGX2dGqyd
🚀 Join the Discord for exclusive updates… pic.twitter.com/mbLx0j1W7m
— 5th Scape (@5th_scape) February 16, 2024
Investors looking to diversify their portfolio may consider unlocking the limitless potential of the virtual realm with 5thScape. With this project, you get to enjoy an immersive experience that’s poised to redefine boundaries and shape the future of entertainment and education.
We are excited to reveal the first look of the characters of our upcoming VR game, Cage Conquest! Meet the fighters who will challenge you in the ultimate UFC experience. Which one is your favorite? #CageConquest #5scape #Crypto #Bybit $NVDA #Ethereum $SYS pic.twitter.com/PUUdsbWWIi
— 5th Scape (@5th_scape) February 21, 2024
The project focuses on VR games. However, there are plans to feature other forms of VR and AR content such as educational experiences, social applications, and creative tools.
🔥 Unleash your fighting spirit in the electrifying world of MMA Cage Conquest! with #5scape
🎮 Get a first look at the official trailer and experience the adrenaline of virtual reality combat.
Are you ready to rise as the ultimate champion? Watch now: https://t.co/bHLiYMurCa… pic.twitter.com/K0CZkFWgws
— 5th Scape (@5th_scape) February 13, 2024
The ticker for the 5th Scape project is 5SCAPE, a utility token within the ecosystem. Token holders have unlimited access to premium VR content, voting rights, and potential staking opportunities.
Step into new worlds of imagination. 🕹️🚀@5thScape is building a next-gen #VR and #metaverse ecosystem to redefine virtual reality.
Collect rare digital assets. The possibilities are endless!
Join the community – https://t.co/ewBcsEeltG#gaming #innovation #blockchain pic.twitter.com/hUe3cDDYnT
— 5th Scape (@5th_scape) February 11, 2024
The 5SCAPE has multiple use cases and utilities that include:
- Providing access to premium VR content, such that holders receive exclusive access to games, experiences, and features within the platform.
- It’s a Play-to-Earn (P2E) token that enables players to get incentives with 5SCAPE tokens that can be traded upon listing.
- A staking function for users to lock up tokens for a period to earn rewards.
5th Scape Project Tokenomics
FifthScape’s tokenomics are aligned with this vision. With a total token supply of 5.21 billion, the 5th Scape presale aims to sell 80% of the whole 5SCAPE token supply, with a fundraising goal of up to $15 million.
The presale happens in 12 stages, with the current stage 1 price being $0.00187 and ending at $0.0087 in the 12th stage. The listing price is fixed at $0.01. So far, it has collected over $963,717. The $0.00187 price will only hold for a little more than three days so act fast if you are interested to buy.
Also Read:
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- How To Buy 5th Scape – 5SCAPE Token Presale Review
- 5th Scape Crypto Price Prediction – 5SCAPE Price Potential for 2024
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