Despite having no intrinsic value, memecoins have created many new millionaires among crypto investors. A cryptocurrency trader has reportedly turned a $27 investment in the Pepe memecoin into an extraordinary $52 million profit, according to blockchain analytics firm Lookonchain. An unknown Pepe trader bagged the life-changing profits, crypto intelligence firm Lookonchain revealed in a Dec. 14 X post.…
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The unknown crypto trader invested only $3,000 into a new Solana-based memecoin before its price rally. A savvy cryptocurrency trader profited more than $9 million on his initial altcoin investment, showcasing the potential of memecoin trading. The trader made a 3,000-fold return on his investment in the Solana-based Numogram (GNON) token, a low-market capitalization memecoin…
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Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action. Bitcoin bounced past $64,000 ahead of the April 28 weekly close as altcoins sought a recovery. BTC/USD 1-hour chart. Source: TradingView Altcoins set for boost on waning Tether dominance Data and TradingView tracked stronger BTC…
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