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The Digiverse price plummeted 8% in the past 24 hours to trade for $0.6879 as of 2:36 a.m. EST on trading volume that plunged almost 70%.
It comes amid a flash crypto crash, with the Bitcoin (BTC) price leading the market down with a 4% slump while the Ethereum (ETH) price leads the altcoin sector crash with a 5% downturn.
Some analysts say the dump is needed to clear froth that’s built up in the market.
It appears traders are already cashing in on the gains made after rumors of the DIGI token going live with a centralized exchange (CEX) listing.
$DIGI CEX tests are progressing successfully. pic.twitter.com/iol2f2qT3D
— Digiverse (@Digiversede) March 30, 2024
Digiverse Price Outlook As Cryptocurrency Market Dump
The Digiverse price is consolidating within a descending parallel channel, and while it holds above the midline of the bearish technical formation, it faces stiff resistance due to the 50-day Simple Moving Average (SMA) at $0.7385.
The position of the Relative Strength Index (RSI) below 50 is concerning, showing an uptrend is premature for now. The Awesome Oscillator (AO) is also still in negative territory while the volume indicator is dwindling to show the bearish sentiment is growing.
Enhanced seller momentum could see the Digiverse price extend the fall below the $0.5929 level to record a new range low.
TradingView: DIGI/USDT 1-day chart
On the other hand, if the bulls seize the opportunity to buy DIGI at current low rates, the Digiverse price could push north. While a flip of the 50% Fibonacci placeholder at $1.2277 into support would be ideal, DIGI would only be attractive for buying once the Digiverse price reclaims above $1.8625. Such a move would constitute a 167% climb above current levels.
Even as the Digiverse price struggles to recover, investors are turning their attention to 5SCAPE, the ticker for the world’s first AR/VR ICO that is charging toward $4 million.
YouTuber and crypto analyst Oscar Ramos says the project checks all the boxes for things he looks for in a presale.
Promising Alternative To Digiverse
5SCAPE is the powering token for the 5th Scape VR ecosystem, a project that allows the Web3 sector to step into tomorrow by connecting ”the smartest minds.” To do this, it unleashes the next wave of gaming innovation in the VR sector.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
The platform intends to become a leader in alternative realities by creating an integrated system complete with hardware and software. It also has a developer center to give builders access to the right resources to bring their worlds to life and unleash a new wave of gaming innovation.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
5th Scape wants to put Web3 at the forefront of the latest VR wave by creating visually immersive worlds with powerful VR headsets to bring games to life. The project is building an entire VR ecosystem that includes hardware and software to push the boundaries of gaming innovation in the Web3 sector. The idea is to use the integrated system to create an immersive and unforgettable adventure with a highly-tuned user experience.
🌐✨ Embark on a groundbreaking journey with 5th Scape! 🚀 We're not just crafting games; we're forging immersive realities. As VR ecosystem developers, we aim to redefine the gaming landscape. 🎮✨ 🌌🕶️ #5thScape #VRInnovation #ImmersiveGaming #TechRevolution 🚀🎮 pic.twitter.com/khmgW84Kti
— 5th Scape (@5th_scape) December 28, 2023
Investors continue flocking to the 5th Scape presale, pushing the fundraising beyond the $3.48 million level as it heads for its $3.75 million target.
Leaving limits behind! 🚀 We have hit another milestone and has entered the 3rd round of our presale.
So join us on this incredible journey into the future of AR/VR gaming.
#5thScape #Presale #AR #VR pic.twitter.com/ZOkwg8s34E— 5th Scape (@5th_scape) March 26, 2024
You can become an early adopter in this budding ecosystem with the presale still active.
The project is currently in the third stage of the presale, where each 5SCAPE token is selling for $0.00248. With the listing price set at $0.01, that means those who buy now can lock in gains of 303% before the listing.
Also Read:
- Step into Tomorrow: 5th Scape’s VR Ecosystem Set to Unleash Gaming Innovation
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- 5th Scape Brings A Hyper-Realistic World of Virtual Reality to Web3
- 5th Scape Unlocks Unmatched VR Adventures With Token Presale – Why Investors Shouldn’t Miss the Opportunity
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts
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