Coinbase Listing Sends Ronin Price Soaring; 5SCAPE Emerges as Alternative

Will Coinbase Listing Propel Ronin Price Higher?

The gaming-focused blockchain Ronin has seen its price surge 13% in the past 24 hours, trading at $4.116 as of 02:13 a.m. EST. This follows the announcement that Coinbase, a major cryptocurrency exchange, will support trading of Ronin's native token, RON.

Technical Analysis Points to Bullish Momentum

Ronin's price has been steadily rising since the start of 2024, reaching an all-time high of $4.45 in March. The price is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating bullish momentum.

The Relative Strength Index (RSI) is also bullish, currently at 67, suggesting increasing buying pressure. If the bulls can sustain this momentum, the RSI could move into the overbought region, indicating strong investor optimism.

Bullish Crossover in MACD Signals Buying

The Moving Average Convergence Divergence (MACD) is also bullish, with the moving average line (blue) crossing above the signal line (orange). This bullish crossover may encourage investors to buy more, further driving the price higher.

Long-Term Outlook: Bullish with Potential for Correction

The long-term analysis of Ronin's price suggests a bullish trend, with the bulls aiming to sustain the price above the rising channel. The 50-day SMA has crossed above the 200-day SMA, forming a golden cross, which indicates upward potential.

However, the RSI is approaching the overbought region, which could indicate a possible price correction. If a correction occurs, the 200-day SMA at $3.3 could provide support.

5SCAPE: A Promising Alternative to Consider

As the Ronin price continues to rise, investors may also want to consider adding 5SCAPE to their portfolio. 5SCAPE is the first-ever AR/VR mixed-reality crypto platform that has gained attention following the launch of Apple's Vision Pro.

Features and Traction

5thScape aims to connect "the smartest minds together" and develop a comprehensive VR/AR ecosystem that includes game development, animation, and hardware manufacturing. The project has already secured over $1.8 million in funding and has showcased its potential for innovation in the digital space.

Earning Opportunities and Upcoming Games

Investors can earn rewards by staking $5SCAPE and through the platform's play-to-earn feature. The team plans to develop games such as MMA Cage Contest, Thrust Hunter, and Archery Master.

High Potential for Growth

Prominent YouTube channel 99Bitcoins has identified 5SCAPE as a project with the potential to soar 100X after launch. Investors can purchase $5SCAPE tokens for just $0.00125, with the team setting a launch price of $0.01, offering potential gains of 365%.

How to Buy 5SCAPE

Interested investors can participate in the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens using a digital wallet on the official website. Alternatively, they can purchase directly with a bank card.