Shiba Inu Investors Shift to New Virtual Reality ICO, Eyeing Potential 1,000% Returns – How Does it Work?

cryptonews.com:

Since finding strong support above a key long-term resistance-turned-support zone between $0.000016-18, the Shiba Inu (SHIB) price has been staging a strong comeback. Still, investors are shifting funds to an exciting new virtual reality ICO called 5thScape (5SCAPE) as they see potential 1,000% returns.

Last trading at $0.000027, Shiba Inu has bounced an impressive 47% from earlier monthly lows.

If the second largest meme coin by market cap can break above its 21DMA, buy pressure could further increase as it could signify that SHIB has snapped its recent downtrend. That could ignite speculation of an imminent retest of 2024 highs above $0.000045.

While Shiba Inu’s near-term outlook is strong, the meme coin’s bloated market cap is an issue to some investors.

Shiba Inu’s market cap is around $16 billion, as per CoinMarketCap, limiting the potential gains that SHIB can deliver this bull market.

Yes, perhaps SHIB could still go 3-5x from here, but, many crypto investors are looking for much bigger gains.

It’s no surprise then that Shiba Inu investors have been shifting to a new virtual reality ICO 5thScape.

The first-of-its-kind crypto-powered VR/AR project has already raised over $5.5 million. The 5thScape team believes tokenization will play a major role in the future of VR/AR, and its $ 5 SCAPE token is central to its vision.

Priced at $0.00327, a steep discount versus the token’s planned launch price of $0.1, investors who get involved now can lock in potential profits of 200%.

Given its total token supply of 5.1 billion, investors who get in now are essentially buying into the project at a market cap of $16 million.