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The crypto market has been in correction mode for weeks, with the latest dip seeing top altcoins like ADA, TON, and SOL losing around 15% of their value in the week behind us. However, one altcoin that has outperformed the market is Helium’s HNT, which saw a 30% pump during the same period.
Meanwhile, 5th Scape, a new AR/VR coin, is currently in the 5th stage of its crypto presale and has raised $5.6 million.
Summary
Helium Price Surges Amidst Mobile Update
HNT is trading around $5.4 at present, with a market cap exceeding $800 million. Arman Dezfuli-Arjomandi, an analyst with 10,000 followers on X, shared insights about HNT’s recent performance, which could be attributed to the Helium Mobile update:
“Helium Mobile update: – added a casual +62,463 unlimited plan subscribers since Jan 1 – causing nearly $3,000 of $HNT burn per day from their data usage on Wi-Fi hotspots – preliminary integration testing with AT&T (223 million subscribers) and Google Orion for data offload teased.”
Dezfuli-Arjomandi further highlighted the launch of new features and partnerships, including $20/month business group plans, international roaming add-ons, in-app phone plan payments with $MOBILE, and the availability of SIM cards on Amazon. He also mentioned:
“They’re also one of the largest hosted Solana wallet providers (every sub has an in-app wallet) and have added support for all SPL tokens to the wallet, so many opportunities to onboard non-crypto natives to Solana and give them a great first crypto experience.”
HNT Price Prediction: Potential Bearish Signal
According to DexScreener, the MACD line is currently above the MACD signal line, indicating a bullish trend for HNT. However, the current trend of these lines might soon reverse, with the MACD line falling below the signal line, which would be a bearish signal.
The Relative Strength Index (RSI) is hovering between 45-50 across all time frames, suggesting a neutral market sentiment. It’s worth noting that HNT’s all-time high is over $50, and the coin is still far from reaching that level.
Since there are no strong indicators that would suggest we should continue pumping, it is possible that HNT’s price pump might cool down in the upcoming days.
5th Scape: Presale Sees Large Buys As Crypto Prices Dip
5th Scape’s presale is performing well despite the crypto prices dip this week, having raised $5.6 million in its 5th stage. The project’s transparency is commendable, with detailed information available on their website, including the team, presale details, and project specifics.
The hard cap is set at $15 million, to be raised across 12 stages, with each stage aiming to raise $1.25 million. The current price per 5SCAPE is $0.00327, and the project will enter the 6th stage when it hits $6.25 million.
5th Scape is a virtual reality (VR) project that integrates blockchain technology, gaming, and augmented reality (AR) to create immersive gaming experiences.
It offers a platform where users can access premium VR content using the 5SCAPE Coin, enabling in-game features and fostering a vibrant gaming community. The project focuses on play-to-earn gaming experiences, providing diverse 3D VR games like MMA 3D, Cricket 3D, Soccer 3D, and more, with enhanced gameplay mechanics and narratives.
5th Scape ensures the security and reliability of transactions through smart contracts, regular audits, encryption of user data, access controls, and continuous monitoring mechanisms.
By prioritizing user data protection, conducting smart contract audits, and leveraging blockchain technology, 5th Scape aims to provide a secure and trustworthy platform for users, fostering a safe and engaging environment for digital interactions.
The project’s native token, 5SCAPE, serves as the universal currency for accessing games, hardware, and the developer marketplace within the 5th Scape ecosystem. It enables features like play-to-earn mechanics, staking rewards, and community governance.
Some of the largest crypto YouTube channels such as Michael Wrubel’s above and outlets like Techopedia have rated 5SCAPE among the best altcoins to invest in.
Best Altcoin To Buy Now?
While Helium’s HNT has been pumping due to the Helium Mobile update and its integration with major players like AT&T and Google, technical indicators suggest potential bearish signals in the near future. However, the coin’s strong community and innovative features could continue to drive its growth.
On the other hand, 5th Scape’s transparent presale and approach to combining VR gaming, blockchain technology, and AR make it a project worth keeping an eye on and potenitally one of the best altcoins to buy now.
With a focus on security, user experience, and community building, 5th Scape aims to redefine the way users engage with virtual worlds, offering a cutting-edge online VR games platform.
*Cryptonomist did not write the article or test the platform.
