A well-known cryptocurrency trader in the community, Ansem (@blknoiz06), has generated buzz with his latest forecast. He’s identified a potential 100x gain opportunity based on a new advancement within Bitcoin‘s network. According to him, this development is currently underappreciated 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
According to the trusted on-chain analysis company, Lookonchain, they conducted an in-depth examination of Ansem’s recent cryptocurrency transactions and investment approach. Their findings indicate that Ansem has a history of making early investments in emerging cryptocurrencies that eventually yielded significant returns.
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.
— Lookonchain (@lookonchain) April 17, 2024
On January 1, 2021, Ansem bought Solana for only $1.5. By November of the same year, the price of Solana had surged remarkably to an astounding $260 – more than 170 times Ansem’s initial investment. This substantial return exceeded market predictions.
Ansem’s instincts for market growth were evident once more with his investments in WIF and BONK. On December 12, 2023, he tweeted that WIF held comparable prospects to SHIB (Shiba Inu). Subsequently, WIF experienced a significant increase in value, rising from $0.09 to $4.85.
Just as his endorsement of BONK brought about a remarkable 80-fold price surge, following Ansem’s tweet on October 30, 2023, where he expressed his positive opinion about the coin (“bonk great coin”), within four months, BONK surpassed the value of $0.000047.
“According to Lookonchain, Ansem’s investment strategy strikes a balance between holding 70% in long-term assets and trading 30% for short-term gains. By doing so, he effectively minimizes risk while maximizing profits from market opportunities. His achievements demonstrate his extensive market knowledge, strict investment plan, and swift implementation skills.”
How To Follow The Crypto Traders’ Prediction
In response, well-known crypto analyst Cyclop (@nobrainflip), with a following of 346,000 people, examined Ansem’s current forecast. He pointed out that the excitement is centered around a recently developed protocol called Runes. This protocol was created by Rodarmor, the inventor of Ordinals. Runes enables the issuance of fungible tokens directly on the Bitcoin network, functioning as a more seamless replacement for the BRC-20 protocol.
Instead of using the account model like BRC-20, Runes adopt Bitcoin’s UTXO (Unspent Transaction Output) system. This approach may make it easier for Runes to work in harmony with Bitcoin’s current framework.
Significantly, Runes are not just a substitute but have the intention of completely supplanting BRC-20 on Bitcoin. Fees for minting tokens are levied in Bitcoin, and the launch is scheduled for Bitcoin’s halving day, April 19. The Runes ecosystem is picking up momentum, with numerous projects, tools, and platforms starting to materialize.
Runes, the new protocol anticipated to be launched during Bitcoin’s next halving event on April 19, is sparking rapid growth in its associated ecosystem. Several projects are already gearing up to employ Runes, while developers work diligently on creating essential tools, launchpads, and other resources.
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.
A crypto expert recommended that the excitement surrounding Runes is only just beginning. The “Ordinals community has triggered various initiatives, distributing Runes through airdrops. Conveniently, Magic Eden gathers all verified collections offering Runes to their holders in a single tab.”
At press time, PUPS traded at $48.96, down 68% from its all-time high.
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2024-04-18 14:46