Dogecoin Investors Turn To This Exciting Virtual Reality ICO, Chasing Potential 1,700% Profits
As the Dogecoin (DOGE) price fades and eyes a new test of recent range lows, investors are turning to an exciting virtual reality ICO called 5thScape as they hunt for 1,700% profits.
Dogecoin was last changing hands in the mid-$0.14s, having bounced from $0.14 support on Monday.
The subdued tone to trade will have disappointed some. Monday was actually the day that Dogecoin futures launched on Coinbase, the largest US crypto exchange.
Today is the amended date Coinbase is supposed to launch #Dogecoin futures pic.twitter.com/qJMHP6G9I4
— Crypto Daily Trade Signals (@cryptodailyTS) April 30, 2024
For now, with macro risks in focus, price could continue ebbing lower. Recent data out of the US has shown weaker-than-expected growth, but hotter-than-expected inflation.
That’s a bad combination for risk assets and complicates the outlook for Fed rate cuts.
Indeed, fading rate cut bets has been one reason for major cryptos losing bullish momentum in recent weeks.
Dogecoin could easily retest its mid-March and mid-April lows in the $0.12-13 area.
That being said, the long-term outlook remains robust for the meme coin.
Dogecoin remains the undisputed king of meme coins and is unlikely to lose this position thanks to Musk’s ongoing backing.
Its not unsurprising then that traders continue predicting big things for Dogecoin.
One X user predicted that the coming bull cycle could launch DOGE as high as $3.80.
In all of #Dogecoins bull cycles it has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. The current 1.618 FIB on #DOGE currently sits at $3.80. While I think this can be more difficult to achieve then… pic.twitter.com/9UE0rE3zCY
— Kevin (@Kev_Capital_TA) April 26, 2024
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