Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

From 90% Dip to Millions: Trader Holds This Meme Coin for $2.5M Paper Profit

TL;DR A trader turned a meme coin investment into a $2.5M paper profit, holding through a 90% loss before the token’s 2,100% surge in early 2025. Meme coins are highly volatile and risky, with many losing value after peaks. Investors should be cautious and research thoroughly before jumping on the bandwagon. Victory at Last? The cryptocurrency world is full of examples of savvy traders making impressive profits by picking the right horse at the right time. Such was the case with one trader who spent $1.15 million to buy 20.46 million PIPPIN tokens in November. At first, the investment did not go as planned, and at one point, the person was sitting on a paper loss of approximately 90%. Recall that the aforementioned meme coin was trading at over $0.07 when the trader hopped on the bandwagon but declined substantially several weeks later. However, the individual endured the pressure and did not sell their holdings. At the start of 2025, the price of PIPPEN started climbing again, and as of the moment of this writing, it is worth around $0.23 (per CoinGecko’s data). This represents a whopping 2,100% increase on a weekly scale. PIPPEN, Source: CoinGecko Currently, the individual is sitting at a paper profit of more than $2.5 million. Many X users commenting on the post praised the “diamond hands” move. Others, though, doubted that the person would cash out, predicting a price crash for PIPPEN in the near future and a painful loss for the trader. Don’t Forget About the Risks Meme coins can be extremely volatile, allowing lucky traders to make huge profits in a short period of time. However, those enhanced price swings, combined with the fact that many of those tokens lack fundamental value in terms of utility or intrinsic worth, make dealing with them quite dangerous. There are lots of memes that were trending and witnessed impressive price spikes in the past months but currently stand far away from their peaks. Some examples include Popcat (POPCAT), Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT) , Just a Chill Guy (CHILLGUY), and many more. Those about to enter the ecosystem should follow some key rules to avoid a devastating outcome, such as investing only as much as they are ready to lose and conducting proper research beforehand. You can also explore additional safety measures in our dedicated video: The post From 90% Dip to Millions: Trader Holds This Meme Coin for $2.5M Paper Profit appeared first on CryptoPotato . Finbold

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XRP Poised For A $9 Breakout? Analyst Highlights Strong Signals

Although the cryptocurrency sector is notoriously unstable, several analysts see hopeful signs for XRP. The Great Mattsby, a seasoned market analyst, is one of those who predict a significant gain in XRP. His most recent analysis focuses on a good chart pattern that indicates a possible rise to $9. Related Reading: Bitcoin As The New S&P 500 Of Our Time? This CEO Thinks So XRP Stability In The Face Of Market Fluctuations The current state of XRP is of great interest to the cryptocurrency community. Regardless, despite the market’s recent troubles, the digital asset has remained relatively robust. The price of XRP is $2.31 as of January 10, 2025, down 0.43% from the previous day. The fact that it has been able to maintain its position above critical support levels is encouraging for investors, according to The Great Mattsby. $XRP is so damn bullish that its one of the last coins that hasnt even touched the daily Ichimoku cloud yet. I thought it was going to happen today but nope. This can only mean 1 thing. $XRP to $9 soon pic.twitter.com/3EWZUmGSXJ — The Great Mattsby (@matthughes13) January 8, 2025 It’s important to note that XRP has not dropped below the daily Ichimoku Cloud. According to this technical sign, which analysts often use to find levels of support and resistance, XRP’s momentum has not changed. Even though there are negative trends, it has stayed on the same path. This could mean that better times are coming. Optimism Incited By Bullish Chart Patterns The Great Mattsby claims that a bullish reversal pattern is emerging in the price charts of XRP, which he feels has the ability to propel the cryptocurrency to new highs. Traders and investors alike are frequently delighted by these patterns, which typically indicate a shift from downward to upward trends. Related Reading: Funding Rates Down: Is Bitcoin Heading For A $90K Correction? He believes that the XRP chart shows a strong foundation for a price breakout, with the potential to reach $9 in the medium to long term. Mattsby concedes that his optimism is backed by past positive performance and current market signals, despite the fact that this outlook may sound overly ambitious. XRP market cap currently at $6.8 billion. Chart: TradingView.com Potential Strength The future direction of XRP will likely hinge on factors such as regulatory clarity, partnerships, and market sentiment. While some may see uncertainty, analysts like Mattsby see potential strength. Markets for cryptocurrencies are quite erratic, hence unanticipated developments can ruin even the most accurate forecasts. This is why The Great Mattsby and other analysts caution even with XRP’s bright potential. Investors should examine both technical analysis and more general market research including fundamental updates and macroeconomic trends if they are to really grasp XRP’s potential. Featured image from Pixabay, chart from TradingView Finbold