Altcoin enthusiasts are celebrating as Bitcoin Cash (BCH) reached a three-year high of over $700, while a new VR token ICO raised $4 million. Despite this recent price surge, BCH is still down 82% from its all-time high of $3,785.82 in 2017. Bitcoin Cash originated from a fork of Bitcoin in 2017 due to differing opinions on block sizes. BCH advocates for larger block sizes to process more transactions, positioning itself as a means of payment rather than just a store of value like Bitcoin. The recent price surge in BCH has seen it outpacing market leaders like Bitcoin and Ethereum, trading 4.4% higher than the previous day with a stable Relative Strength Index (RSI) reading of 52.
Bitcoin Cash, although not one of the top ten cryptocurrencies by market cap, has gained trust over the years similar to Bitcoin, Ethereum, Solana, and XRP. As the crypto ecosystem evolves to include new web experiences and the metaverse (known as Web3), a new VR gaming token called 5SCAPE has emerged. This token has raised $3.9 million through an ongoing ICO, positioning itself as part of the Web3 revolution. The token’s current price is $0.00285, with expectations of rising to $0.00327 in the upcoming round. At the end of the presale, the listing price will be $0.01, potentially offering a 250% upside to early investors.
5SCAPE is the native utility token behind the upcoming 5thScape, the world’s first Web3 crypto-powered VR gaming platform. Holders of 5SCAPE will have access to immersive VR experiences such as games, educational content, movies, and more. An exciting VR MMA fighting game called Cage Conquest is set to launch, along with other titles like Epic Cricket Arena, Immersive Kickoff, Archery Master, and Thrust Hunter. Those interested in participating in the ICO can engage with the community through Discord, Telegram, Twitter, and YouTube. It is essential to note that investing in crypto assets, including 5SCAPE, carries high risks and should be approached with caution.
In the grand scheme of things, BCH’s current price surge and the success of the 5SCAPE ICO signal a growing interest in alternative cryptocurrencies and the potential for innovative projects within the crypto space. While BCH may not reach new all-time highs this year, its recent performance highlights the development of diverse use cases for cryptocurrencies beyond traditional payment and store of value functions. The emergence of projects like 5SCAPE and the focus on Web3 experiences indicate a shift towards more interactive and engaging applications within the blockchain and crypto sphere. As investors navigate this evolving landscape, it is crucial to conduct thorough research and exercise caution when participating in high-risk assets like cryptocurrencies.
