Digiverse Price Plummets in Market Crash, Investors Explore 5th Scape

Digiverse plunged 8% within 24 hours, trading at $0.6879 amid a wider crypto market crash, with Bitcoin and Ethereum leading the downturn. Analysts suggest the dump is necessary to clear market excesses. Despite rumors of a centralized exchange listing, traders are cashing out gains, with the Digiverse price facing resistance due to the 50-day SMA and a bearish technical formation. However, the 5SCAPE (5SCAPE) project offers an alternative investment opportunity with promising VR/AR technology and a potential 303% return before its listing.

Digiverse Price Tanks Amidst Crypto Market Crash

The price of Digiverse ($DIGI) has plummeted by 8% in the past 24 hours, falling to $0.6879 as of 2:36 a.m. EST on Wednesday, March 30, 2024, amidst a broader cryptocurrency market downturn. Trading volume has also plunged by almost 70%.

The selloff comes as the entire crypto market experiences a sharp decline, with Bitcoin (BTC) leading the downward trend with a 4% drop and Ethereum (ETH) spearheading the altcoin sector crash with a 5% loss.

Analysts Attribute Dump to Froth Clearance

Some analysts believe that the sudden price dip is a necessary correction to remove excessive speculation and overvaluation that had built up in the market. The market had been experiencing a period of significant gains, and the sharp decline serves to clear out any unsustainable positions.

Traders Cashing in on Digiverse Exchange Rumors

It is believed that traders are taking advantage of the recent gains made by $DIGI after rumors emerged of a potential listing on a centralized exchange (CEX). Digiverse has confirmed that testing for the CEX listing is progressing顺利.

Digiverse Price Outlook: Downward Trend Continues

Digiverse's price is currently consolidating within a descending parallel channel. While it remains above the midline of this bearish technical formation, it faces substantial resistance from the 50-day Simple Moving Average (SMA) at $0.7385.

The Relative Strength Index (RSI) is below 50, indicating that an uptrend is not yet viable. The Awesome Oscillator (AO) remains in negative territory, while the volume indicator is declining, suggesting that bearish sentiment is intensifying.

If selling pressure persists, the Digiverse price could fall below the $0.5929 level, setting a new range low.

Bullish Scenario Unlikely Without Significant Recovery

On the other hand, if buyers step in to purchase DIGI at current low prices, the Digiverse price could experience an uptick. However, for DIGI to become a compelling buy, it would need to surpass the 50% Fibonacci retracement level at $1.2277 and reclaim support above $1.8625. Such a move would represent a 167% gain from current levels.

Investors Shift Attention to 5th Scape (5SCAPE)

As the Digiverse price struggles to recover, investors are exploring alternative investment opportunities, such as 5SCAPE (5SCAPE), the ticker for the world's first AR/VR ICO. The project is nearing its fundraising goal of $4 million.

5th Scape: A Promising Alternative to Digiverse

5SCAPE is the native token of the 5th Scape VR ecosystem, a groundbreaking project that aims to connect "the smartest minds" and drive the next wave of gaming innovation in the VR sector.

The platform aspires to become a leader in alternative realities by creating an integrated system that combines hardware and software. It also features a developer center to empower builders with the necessary resources to unleash their creativity and reshape the gaming landscape.

5th Scape's VR Ecosystem Revolutionizes Gaming

5th Scape's vision is to place Web3 at the forefront of the VR revolution by developing visually immersive worlds and utilizing powerful VR headsets to bring games to life. The project is constructing an entire VR ecosystem that includes both hardware and software, pushing the boundaries of gaming innovation within the Web3 realm.

The team aims to create an immersive and unforgettable experience with a meticulously crafted user interface.

5th Scape's Presale Success: A Magnet for Investors

Investors have flocked to the 5th Scape presale, driving fundraising efforts past $3.48 million as the project eyes its $3.75 million target.

Presale participants have the opportunity to become early adopters in this burgeoning ecosystem. The project is currently in its third presale stage, with each 5SCAPE token selling for $0.00248. The listing price is set at $0.01, presenting investors with the potential for 303% gains before the official launch.