Crypto Trader Predicts Next 100x Opportunity After 170x And 520x Wins
April 18 2024 - 7:30AM
NEWSBTC
One of the crypto community’s most notable traders at the moment,
Ansem (@blknoiz06), has recently ignited interest with his latest
prediction, claiming another potential 100x opportunity. This time,
his focus is on a new development on the Bitcoin network, which he
believes is currently undervalued by the market. Ansem stated via
X: Next 100x opp is runes on Bitcoin, 95% of CT is not paying
attention to this at all compare volumes on Solana memecoins to
current unisat volume & consider the wealth effect if
Bitcoiners have their own native altcoins to buy provenance will b
v imp here also imo. An In-depth Analysis Of Ansem’s Successes
Lookonchain, a reputable on-chain analysis firm, provided an
exhaustive look at Ansem’s latest trading history and strategy.
Their analysis reveals a pattern of early investments in nascent
cryptocurrencies that later became highly lucrative.
Ansem(@blknoiz06) – the best crypto trader who: 170x on $SOL 520x
on $WIF 80x on $BONK Yesterday, he tweeted that the next 100x opp
is runes on Bitcoin. 1/ 🧵Let’s dig into his trading strategy.
pic.twitter.com/vN2N2Aekbz — Lookonchain (@lookonchain) April 17,
2024 On January 1, 2021, Ansem invested in Solana when it was
priced at just $1.5. By November of the same year, the value of
Solana had skyrocketed to $260, a return that significantly
outpaced market expectations, netting a gain of over 170x. Ansem’s
acute sense of market potential was again on display with his
investments in WIF and BONK. His tweet on December 12, 2023,
suggesting that WIF had potential similar to SHIB (Shiba Inu),
preceded a massive surge in WIF’s value from $0.09 to $4.85.
Related Reading: Crypto Analyst Unveils Top 10 BTCfi Altcoins
Post-Halving Similarly, his endorsement of BONK led to an
impressive 80x increase in its price. “On October 30, 2023, Ansem
tweeted ‘bonk great coin’, and then BONK skyrocketed! 4 months
later, BONK exceeded $0.000047,” the firm stated. Lookonchain
further highlighted, “Ansem combines a strategic allocation of 70%
in long-term holdings with 30% dedicated to short-term, speculative
trades. This balanced approach helps mitigate risk while
capitalizing on high-return opportunities. His success is a
testament to his deep market insights, disciplined investment
strategy, and timely execution.” How To Follow The Crypto Traders’
Prediction In response, prominent crypto analyst Cyclop
(@nobrainflip), who boasts 346,000 followers, analyzed Ansem’s
current prediction. He explained that the hype revolves around a
newly developed protocol named Runes, created by the inventor of
Ordinals, Rodarmor. Runes allows for the issuance of fungible
tokens directly on the Bitcoin network, operating as a more
integrated alternative to the BRC-20 protocol. Related Reading:
Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit
Report Unlike BRC-20, which follows an account model akin to
Ethereum’s, Runes utilizes Bitcoin’s UTXO (Unspent Transaction
Output) model, potentially offering a more seamless integration
with Bitcoin’s existing infrastructure. Notably, Runes are not just
an alternative; they aim to replace the BRC-20 entirely. The
protocol charges fees in BTC for creating tokens and is set to
launch on Bitcoin’s halving day, April 19. The development of the
Runes ecosystem is gaining traction, with various projects, tools,
and platforms beginning to emerge. With the anticipated launch of
Runes scheduled for Bitcoin’s next halving day on April 19, the
ecosystem around this new protocol is quickly developing. A variety
of projects are already preparing to utilize Runes, with tools,
launchpads, and other resources being actively developed. The most
notable, according to cyclop, are: Runecoin (RSIC): This project
allows users to mine tokens in anticipation of the Runes launch. It
has already distributed a 21,000 RSIC miner airdrop to over 9,000
wallets that hold Ordinal collections. Runes Terminal (RUNI): Aimed
at developers, this platform is creating a test environment for
Bitcoin applications that will utilize the Runes Protocol,
facilitating innovation and simplification in the transition to new
applications on the Bitcoin network. Pups Token (PUPS): With a
pre-mint supply of 10 million tokens, this project plans an airdrop
for holders of Rune Pup ordinals, who can also participate in
token-burning events to reduce supply and potentially increase
value. The crypto analyst also advised that the hype around Runes
is just starting. The “Ordinals community has spurred numerous
projects to offer Runes airdrops. Thanks to Magic Eden, a new tab
now conveniently lists all collections confirmed to distribute
Runes to holders in one place.” At press time, PUPS traded at
$48.96, down 68% from its all-time high. Featured image created
with DALL·E, chart from TradingView.com
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