$4.14M Profit In 48 Hours: On-Chain Data Unveils Shiba Inu (SHIB) Trader’s Lucrative Moves!
USDC, the fifth most popular cryptocurrency coin, and trusted stablecoin, lost its peg to the US dollar on Saturday, March 11, 2023. The coin’s value decreased from $1 to a low of $0.887. The majority of cryptocurrency investors are shocked by this because it hasn’t happened since the first introduction of USDC in 2018. After a 15% loss, the token’s market capitalization fell below $40 billion.
The crypto whales have reported significant losses as a result of these incidents and seem to have started a series of capital flights to safeguard assets. It is reported that the losses amounted to over a billion dollars in stock and deposits.
However, it seems like not everyone took a loss and some have actually profited from it. Here’s how.
Lookonchain Reveals a Smart Address That Made $4.14M Amid USDC Depeg
Lookonchain, an on-chain analyzer, in a recent series of tweets has revealed the specifics of a smart address that profited $4.14 million by trading Ethereum during the USDC de-pegging.
Lookonchain highlighted how smart the user is by pointing out how they sold their ETH before LUNA crashed and how they bought Shiba Inu early and sold it at its peak in May and October 2021. Also, it was noted by the on-chain researchers that the address currently has over $71.72 million.
Lookonchain determined that the 15 addresses that purchased 47,670 ETH for 67.58 million USDC at $1,418 on March 10 were likely owned by the same person. This is due to on-chain data showing that on April 21, 2021, a sizable sum of SHIB was sent to these addresses from the same address. Later, the user sold 47,688 ETH for $1,505 for a total of 71.72 million USD. At a 6% ROI, the user made $4.14 million in just two days.
Some clever SHIB trades were also mentioned. On-chain data indicates that the user was an early Shiba Inu investor and purchased 5.5 trillion at 180 ETH ($400k) before its price increase in May 2021. As the price of SHIB reached its all-time high in May and October 2021, the smart address sold all of the SHIB for 35k ETH.
Prior to the demise of LUNA, the user exchanged ETH for USDC. At the time of publication, the majority of the user’s funds were split among 15 addresses and were in USDT. The price of USDC has increased by 3.47% during the past 24 hours to $0.9892.
To conclude,
At times of uncertainty and upheaval, the user appears to have made some incredibly smart decisions. Profits would result from being able to capitalize on unpredictable moments like these.
SmarterWorx (ARTX) Finds Lucrative Niche In Art Market As Opposed To GameFi Tokens MANA And ALICE
The cryptocurrency market is home to several projects, each of which fills a specific niche and is tailored to the use cases of the particular coins or tokens being created for the project. The different types of coins include utility, payment, stable, and security coins, whereas the different types of tokens include Defi tokens, NFTs, etc.
The untapped gold mine of cryptocurrency niches and the arts, for example, as well as cryptocurrency games and cryptocurrency real-estate or Metaverse development.
The Art Niche
When integrated into the cryptocurrency sector, the art market reflects the actual world-class with both material and immaterial goods.
People utilize the arts for a variety of reasons and have varied meanings for them depending on who they are. According to estimates, the global art market will be worth around $450 billion in 2023, and many investors will diversify their investment portfolios to include art pieces. The art industry is one of the best investment categories and has held that position for many years.
People frequently withdraw money from the stock market to invest in the arts during recessions because the arts serve as an essential hedge for investors.
By far and away, the SmarterWorx team wisely chose to base its project on the lucrative investment niche that art represents.
SmarterWorx (ARTX)
SmarterWorx is the pioneering project for crypto in the art sector. The platform brings together those interested in investing in cryptocurrencies and art. SmarterWorx is an inclusive initiative for a range of people, unlike other companies that just cater to crypto enthusiasts.
The native token of Smarterworx, ARTX, is the first cryptocurrency asset in the class of Arts to be backed up to a real-world asset. This means that in times of market volatility, extreme fear, or uncertainty, arts will maintain the floor price of the coin. From this, we can infer that ARTX will be a token that is recession-proof and protected from a market crash.
Holders of our NFTs have the option to swap their NFT collections on any NFT marketplace or redeem their corresponding art at any moment.
GameFi tokens (MANA & ALICE)
GameFi is a subset of cryptocurrency tokens that brings together gaming and decentralized finance. It operates on the P2E (play-to-earn) paradigm, allowing users to play blockchain games utilizing NFTs as game characters and earn prizes by the rules established before the game.
Given that there is no actual gaming environment and laws are complicated, the niche is highly vague. The Mana and Alice token is an example of a token used in this area that is not up to par since it operates online and has no real-world asset backing.
The Decentraland metaverse’s official currency is the mana token, which may be used to pay for products and services in the virtual world.
My neighbor Alice’s functional money is the Alice token (a blockchain game that operates on the metaverse).
The GameFi tokens lack real-world applications and are not asset-backed cryptos; the ARTX token, on the other hand, makes up for both shortcomings by being an art-backed token.
For More Information:
Join Presale: https://smarterworx.io/buy/
Website: https://smarterworx.io/
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Three Highly Lucrative Tokens for Your Crypto Wallet: Filecoin, XRP, and BudBlockz
Cryptocurrency investing might seem like an intimidating task for a lot of people. Thousands of cryptocurrencies are currently available, so where does an investor start?
Not every cryptocurrency out there has a solid project and team behind it, which means that filtering out the projects that are good from the ones that might be stagnating can be difficult.
As such, today, we will be jumping into some of the most lucrative cryptocurrencies you can get.
How to Find Lucrative Tokens?
The most lucrative tokens will typically be associated with ambitious projects where they are used. Specifically, they will need to have a high level of utility within their ecosystem and even be utilized for the governance process in some cases.
To find tokens from projects that are growing, you need to visit the official website, figure out the qualities of the team behind it, and see what kind of technology it implements.
Suppose there is interest and a community for the project, and you have a genuine belief and interest in what it has to offer. In that case, those factors might ultimately make it a lucrative token for you. Let’s go over some of the best options currently available.
Three of the Most Lucrative Tokens To Have In Your Crypto Wallet
These are the most lucrative cryptocurrencies that should be a part of anyone’s cryptocurrency wallet.
1. Filecoin (FIL)
Filecoin is essentially a blockchain network that can be utilized as a digital storage marketplace that leverages the power of the blockchain. It is built on top of the InterPlanetary File System (IPFS).
Its network utilizes idle hard drive space and bandwidth as a means of providing data storage and retrieval services within the open market. Anyone can participate as a storage provider and monetize their spare hard drive capacity.
The network can also detect faulty storage nodes and redistribute their files to reliable nodes.
FIL is the native cryptocurrency that incentivizes various node types to contribute to the network. There are Chain Verified Nodes, Ciient Nodes, Storage Miner Nodes, and Retrieval Miner Nodes, all of which contribute to the network in some way. FIL can also be used as collateral for miners to participate in the ecosystem.
2. XRP (XRP)
The XRP Ledger (XRPL) is essentially an open-source distributed ledger that gains its power from a peer-to-peer (P2P) network of servers.
XRP is the native cryptocurrency that lives on top of XRPL, and it’s designed to be the bridge currency.
The XRPL also offers a decentralized exchange that allows the process of trading IOs and XRP. There’s also smart contract functionality and support for the network-agnostic Interledger Protocol.
XRP’s total supply is capped at 100 billion XRP, and the available supply is made in a way through which it can decrease over time, where the accrued transaction fees get destroyed.
3. BudBlockz (BLUNT)
BudBlockz is a decentralized cannabis investment and eCommerce platform built to open the market on a global scale in a decentralized way. BudBlockz is powered by its native and powerful utility token known as the BLUNT token, which can be used as a medium of exchange or to facilitate liquidity across the ecosystem.
BudBlockz is an ecosystem that facilitates the easy navigation of an otherwise challenging space for investors by helping each participant gain access to the open marketplace operating within legal jurisdictions and fractional ownership of NFTs.
Its NFT marketplace is built on top of Ethereum and, as such, provides interoperability with different blockchain networks that permit dealers to exchange tokenized adaptations of their resources on a global scale. There will be a maximum supply of 420,000,000 BLUNT tokens in circulation, and 10,000 Ganja Guruz non-fungible tokens (NFTs) will be released.
Access the Digital Channels of BudBlockz to Learn More:
Official Website: budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz