Cryptocurrency trader turns $95 into nearly $100K in 12 hours

Follow Us @

Cryptocurrency trader turns $95 into nearly $100K in 12 hours
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.

The cryptocurrency market continues to surprise with opportunities for significant profits for attentive investors. A recent example was that of a trader who managed to turn an investment of less than US$100 into almost US$100,000 in less than 12 hours, trading the new token Incept (INCEPT).

According to data shared by blockchain analytics platform Lookonchain, the trader managed to earn a return of over 1,000x by investing just $95 and obtaining a balance of $96,900 within a few hours of trading. The rapid appreciation occurred after the launch of the INCEPT token, the first to be built on the ERC-4D standard.

The Lookonchain team raised the possibility that the wallets that generated such impressive profits could be from “insiders.” That is, people with privileged information. This is because these wallets appeared only four days earlier and traded exclusively the INCEPT token. This raised suspicions about the nature of the profits obtained.

INCEPT is an innovative cryptocurrency that combines three important standards: ERC-20, used for regular tokens, ERC-721, applied to NFTs, and ERC-6551, which offers wallet-like functionality.

Trader makes astronomical profits with cryptocurrency

Cryptocurrency analyst 0xGCB explained that the concept behind the token is complex, but essentially, each INCEPT can be utilized as a wallet that can store a variety of assets, including NFTs and even other INCEPT tokens.

At press time, INCEPT was trading at $1,137.06, marking a 1.48% increase since its launch on Sept. 25, according to data from cryptocurrency monitor DEX Screener.

Although the profits made by this trader are remarkable, experts warn of the risks associated with this type of operation. High volatility and rapid fluctuations in the market for new tokens can bring big gains, but also big losses. Therefore, it is essential that investors exercise extreme caution when trying to replicate this type of operation, especially when it comes to newly launched cryptocurrencies.

While already launched cryptocurrencies provide astronomical profits for traders, there are good investment options in pre-sales. Examples of this are the altcoins Pepe Unchained and Mega Dice.

Pepe Unchained is a memecoin that is currently having a successful presale campaign. So far, the project has raised $15.3 million, with just $65,000 left to reach its next goal. Each token costs $0.00985.

Pepe Unchained’s main differentiator is its ease of access for traders. This is because the project is multiplatform and acquiring $PEPU tokens is a simple and accessible process. In addition, staking with an APY above 142% is a great attraction for investors.

Cryptocurrency trader turns $95 into nearly $100K in 12 hours

Follow TODAYSGIST on Google News  and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!

Cryptocurrency trader turns $95 into nearly $100K in 12 hours

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

FIRST TIME REACTIONS:

Cryptocurrency trader turns $95 into nearly $100K in 12 hours

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

Cryptocurrency trader turns $95 into nearly $100K in 12 hours

#Cryptocurrency #trader #turns #100K #hours