The Floki Inu (FLOKI) price has stalled after hitting multi-week highs above $0.0002450 earlier this week, as holders dump FLOKI for a new ICO called 5thScape as the bet on securing 1,700%.
FLOKI pushed above its 21 and 50DMAs earlier this month and has been trending higher now since the mid-April lows.
Recent gains can be attributed to optimism that Ethereum ETFs might soon gain US approval.
That could drive growth in Ethereum blockchain-issued meme coins like Floki.
But the FLOKI price has fallen nearly 10% from its Tuesday highs amid a broad market sell-off on Thursday.
The Floki price has fallen nearly 10% from its Tuesday highs amid a broad market sell-off on Thursday as investors turn to this new ICO. Source: TradingView
Floki bulls will be hoping that this setback is temporary. With a market cap of just $2 billion, Floki has a lot of room to grow this bull market.
The meme coin might even 5x to a market above $10 billion. Floki price predictions are likely to remain bullish.
But for investors looking for a higher probability of even larger gains, they will need to find smaller, lesser-known coins.
An often-overlooked way to find low-cap gems is via investing in presales.
One presale that the team at Cryptonews are big fans of is exciting AR/VR project 5thScape (5SCAPE).
Here’s why some think this new ICO could deliver 1,700% gains.
Can This New ICO Deliver 1,700% Gains?
5thScape is a first-of-its-kind crypto-infused VR/AR ecosystem that will be powered by the versatile 5SCAPE token.
Many expect it to become a market leader, hence it’s no shock that Floki holders are dumping FLOKI for 5thScape.
5thScape is building an ecosystem of 5SCAPE-powered VR dApps. The beta version of its first game “MMA Cage Conquest” is already available in the META store.
Exciting news, fight fans! Step into the adrenaline-fueled world of mixed martial arts with “MMA Cage Conquest” – the ultimate VR experience for MMA enthusiasts.
Now available on the META store in beta version!
Checkouthttps://t.co/ocnZmChmKV
Train, fight, and… pic.twitter.com/sekC30LWFV
— 5th Scape (@5th_scape) May 9, 2024
And the project’s exciting presale of its native 5SCAPE token has been making waves. The new ICO has already raised over $6.1 million.
We’ve reached $6.0M , VR is a Revolution and We $5Scape as a Community are the Trendsetters
Thanks to YOU, our awesome community!
Get ready for next-level gaming adventures and VR Innovations as we embark on this exciting journey together! Let’s make magic happen… pic.twitter.com/RvUmUyU8ws
— 5th Scape (@5th_scape) May 21, 2024
At the current price of $0.00327, investors are buying into the project at a market cap of under $20 million.
They will also be sitting on paper gains of over 200% when the token launches at a planned $0.1.
If 5thScape starts to gain traction as a market leader, it could easily become a $200+ million market cap coin.
That could mean gains of over 10x or 1,000% for presale investors.
But if investors want to get in at this favorable valuation, they need to move fast. When the presale hits $6.25 million, the price will jump 15% to $0.00376.
$5SCAPE token can be bought today with ETH, MATIC, USDT, or BNB.
80% of the total 5.1 billion token supply is available for purchase in the presale.
The post Floki Holders Are Dumping FLOKI for This New ICO – Could It Deliver 1,700% Gains? appeared first on Cryptonews.