The post Theta Network Among Top Crypto Gainers As New VR Coin 5th Scape Raises $2M appeared first on Coinpedia Fintech News
Theta network has fared as a top performer today, climbing over 7% and currently trading at $2.96.
Meanwhile, the new VR crypto presale 5th Scape also looks bullish, exceeding the $2.3 million total raised mark. Will this be the next altcoin to boom?
Theta Network Jumps but Analyst Expects Overshadowing Gains Ahead
The recent THETA gains may be a drop in the ocean compared to what’s to come, according to analysts.
Priced at $2.96 and holding a $2.9 billion market cap, Theta Network has enjoyed a bullish uprising. It is up 7% today, down 9% this week, but up 127% this year.
This places Theta Network near crypto’s heavyweights, with Bitcoin up 144% and Ethereum up 98%.
Nevertheless, analysts say a storm is brewing for the blockchain infrastructure project, looking back to the last market cycle’s parabola for reference.
“People ask me what life-altering money looks like… This is one way,” said Cryptobull when comparing Theta’s current price action to the last market cycle.
The analyst illustrates that Theta has recently broken above a resistance level, which caused an explosive move to its ATH last time around.
Meanwhile, CryptoGao believes that THETA remains within its bear market accumulation phase but speculates a breakout is imminent.
The analyst anticipates a break of macro trendline resistance, catapulting THETA toward $3.8. This will be followed by a retracement into a “buy zone” around $2.2. CryptoGao speculates that Theta Network’s bull market rally will then commence.
Another market analyst who goes by Flash believes Theta Network could jump to $4.8 by the summer. He says that after breaking a resistance level, THETA underwent a “take off” phase and is now finding support on a moving average line.
However, bullish sentiment on Theta Network reflects a broader market appetite for cutting-edge cryptocurrencies harnessing market-leading technology.
As per Theta Network’s website, the project provides “Web3 Blockchain Infrastructure for Video, AI & Entertainment.”
Indeed, this is a compelling use case. However, there are other promising projects also on the cusp of crypto innovation.
One is 5th Scape, a VR gaming protocol currently undergoing a presale. Despite being newly launched, it has already raised a whopping $2.3 million, indicating a massive market interest.
Trending VR Coin 5th Scape Raises $2.3M and Is Backed to 100X
Step inside an enchanting realm of immersive gaming experiences with 5th Scape, the hottest VR cryptocurrency on the market.
The project is currently undergoing a presale, enabling investors to get in from the ground up.
It is priced at $0.00215, but this will rise throughout the campaign with the next uptick when the presale hits $2.5 million. Since it has already raised $2.3 million, investors should act fast.
Adding to the presale excitement, the 5th Scape exchange launch price will start at $0.01, a whopping 365% uptick from its current price.
5th Scape strives to provide enthralling, hyper-realistic games, cutting-edge VR headsets and chairs, alongside a plethora of rewards and bonuses for token holders.
Its first venture is a high-octane mixed martial arts-themed game called Caged Conquest. Players can embark on a “champions journey,” compete in dynamic combat, hone their skills in strategic training, and much more.
The $5SCAPE token will transfer value through the ecosystem and be used for staking.
However, staking transcends monetary gain, providing exclusive access to features, community interaction, lifetime access to the ecosystem, and more.
These benefits have stoked massive excitement, with renowned gem-hunting YouTuber Michael Wrubel providing several reasons he is bullish and Decrypt Crypto speculating it could 100x.
However, with a price increase imminent, time is running out to buy $5SCAPE at the best rate.