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Trader turns 1 ETH to $59k in hours with new ERC-404 token An unknown trader turned 1 Ethereum (ETH) into almost $60,000 in hours. According to Lookonchain analysts, an unknown trader earned $59,000 from 1 ETH in 11 hours thanks to the ERC-404 MINER token. “His secret to making money is buying and selling the ERC-404 token MINER using high gas!” The trader first withdrew 1 ETH from the Binance cryptocurrency exchange and spent 0.065 ETH ($163) to buy MINER at a meager price using 0.802 ETH ($2010) of gas, later selling 722 MINER for 19.11 ETH using 0.5 ETH ($1244) of gas. As a result, in 11 hours, the trader ended up with 350 MINER tokens worth about $15,000 at the time of the transaction. In total, the trader earned $59,000. The rapid growth of ERC-404 standard tokens is not the first to enrich traders. Last week, an unknown trader earned over $166,000 in two days by spending 0.258 ETH ($613) to buy the DeFrogs token. For 100 DEFROGS, the trader paid 0.08 ETH ($190). The transaction fee was 0.178 ETH ($423). After a couple of days, during which the token’s price grew rapidly, the trader sold 60 DEFROGS for 27.8 ETH ($67,000). However, the ERC-404 token market itself is recording a significant decline. The sector’s market capitalization has fallen 30% in the past 24 hours, following a meteoric rise last week. The ERC404 standard combines the ERC-20 and ERC-721 standards, creating tokens that can be fungible and unique. For example, when purchasing a token of this new standard (PANDORA), the user receives a token and a unique non-fungible token (NFT). This adds additional value to the token since the NFT may be rare or of exceptional value. #Ethereum... #BullishMarket #Write2Earn $ETH
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Market Slow Bullish Trand Last week, the price of #BTC; closed at $48k, marking the latest high. This is a positive indicator, suggesting a high probability of continued upward momentum. $BTC
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From all TRANDING coins, only PYTH is looking good, having +3% increase, but how you know, something unexpected will happen very soon like always #thoughts
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$JUP Minting and Accountability
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Anthony Scaramucci Predicts Bitcoin to Hit at Least $170K Post Halving ( BlackRock CEO ) Skybridge Capital founder and managing partner Anthony Scaramucci sees bitcoin (BTC) soaring to at least $170,000 after the halving in April, when the number of new bitcoin entering circulation shrinks again. “I’m using a $35,000 number at the halving and that’s conservative … Let’s say we’re at $50,000 in April, then it’s a $200,000 handle. Let’s say we’re at $60,000, it will be $240,000,” he said. As for his long-term price target, Scaramucci predicts bitcoin could easily reach half of the market capitalization of gold, which would bring the price of one coin up to roughly $400,000. Scaramucci previously disclosed that he was the first external investor in BlackRock’s spot bitcoin exchange-traded fund (ETF), prior to its approval on January 11. #BTC; #BullishMarket #News #NewSignal #Write2Earn $BTC
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