A savvy trader identified as 8TSfB recently capitalized on a rebounding market by purchasing $1.15 million worth of FARTCOIN . This transaction involved swapping 789,000 WIF tokens for 1.04 million FARTCOIN, executed at an average price of $1.11 per token. Notably, this marks the trader’s initial foray into FARTCOIN investment. Profitable History with Previous Tokens Prior to entering the FARTCOIN market, the trader achieved considerable success with earlier investments in POPCAT and WIF tokens. To date, profits totaling $2.71 million have been realized from these ventures. Currently, the trader maintains holdings of 9.17 million POPCAT tokens valued at $5.13 million and 3.3 million WIF tokens valued at $5 million. Market Dynamics and Recent Performance FARTCOIN demonstrated resilience in the market by rebounding more than 50% over the past 24 hours following a brief crash. This recovery underscores its potential value and attractiveness to investors seeking opportunities in volatile markets. Implications and Future Outlook The trader’s strategic move into FARTCOIN aligns with their demonstrated ability to identify and capitalize on market trends. With a track record of profitable exits and substantial holdings in other tokens, the trader’s entry into FARTCOIN signals confidence in its future performance. The #FARTCOIN price surged 58%% today! Smart trader “8TSfB” swapped 789K $WIF for the very first 1.04M #FARTCOIN ($1.15M) ~9 hours ago. Notably, this trader was an early buyer of both $POPCAT and $WIF , having realized $2.71M in profits from these tokens so far. Currently, the… pic.twitter.com/kGSCD00ibJ — Spot On Chain (@spotonchain) January 14, 2025 Conclusion As cryptocurrency markets continue to evolve, traders like 8TSfB exemplify the proactive approach needed to navigate and profit from market fluctuations. FARTCOIN’s recent price recovery and the trader’s calculated investment underscore the dynamic nature of digital asset trading and the potential for substantial returns in speculative markets. Investors and analysts alike will be watching closely as the trader’s strategy unfolds in the volatile crypto landscape. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch
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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.
Ripple Donates $100,000 in XRP for California Wildfire Relief
Ripple, a prominent blockchain company, has stepped up to assist victims of California’s devastating wildfires by donating $100,000 in XRP through The Giving Block. The funds will support relief efforts by nonprofit organizations World Central Kitchen (WCK) and GiveDirectly, aiming to provide essential resources to those affected. Ripple Leads Corporate Support Ripple announced the donation … Continue reading "Ripple Donates $100,000 in XRP for California Wildfire Relief" The post Ripple Donates $100,000 in XRP for California Wildfire Relief appeared first on Cryptoknowmics-Crypto News and Media Platform . NullTx
Will XRP hit $3 this week?
XRP is having a red-hot run over the last 24 hours as the token continues to break critical resistance levels, potentially targeting the $3 mark. At press time, XRP was trading at $2.83, a gain of almost 10% in the past day. In the weekly timeframe, the token has surged by over 20%. This short-term momentum has been characterized by significant buying interest, pushing the market cap to $163 billion—an increase of nearly $20 billion in the last 24 hours. XRP seven-day price chart. Source: Finbold XRP’s path to $3 The current rally can be tied to several factors, with regulatory developments appearing to play a significant role. For instance, XRP is gaining momentum ahead of Gary Gensler’s exit from the SEC. Notably, the regulator has long been viewed as a barrier to cryptocurrency sector growth, and the XRP community, in particular, has been at odds with Gensler following the SEC’s lawsuit against Ripple. Additionally, Sean Dawson, head of research at the on-chain protocol Derive, believes the ongoing rally could be linked to the possibility of an XRP exchange-traded fund ( ETF ) being listed later this year. The general cryptocurrency market sentiment remains bullish , bolstered by Donald Trump’s upcoming inauguration. Trump is expected to sign executive orders on crypto on his first day in office, potentially a bullish development for XRP. With these fundamentals in play, one lingering question is whether XRP can reclaim the $3 level, viewed as a major juncture toward triggering the asset’s next record high. To this end, XRP’s technical setup supports the possibility of the asset hitting $3 in the coming days. One outlook was shared by pseudonymous X analyst LordOfAlts , who noted that XRP is breaking out of a descending parallel channel, signaling a bullish shift after weeks of consolidation. The breakout, marked by sustained higher lows, has strong momentum, pushing the Ripple token toward the $3 target. XRP price analysis chart. Source: LordOfAlts Cryptocurrency trading expert MikybullCrypto also opined that XRP could aim for a new record high after breaking key Fibonacci levels. The expert projects $3.25 (at the 1.272 Fib extension) as the next target, supported by strong bases at $2.24 (the 0.382 Fib) and $2.47 (0.618 Fib). XRP price analysis chart. Source: MikybullCrypto XRP’s whale transactions impact Meanwhile, whale activity seems to be driving momentum, and the sustainability of this transaction might be central to XRP hitting $3. In this line, data shared by prominent on-chain analyst Ali Martinez on January 15 shows 341 transactions exceeding $1 million in the past 24 hours. XRP whale transactions. Source: Santiment/Ali_charts At the same time, previous Finbold reports shared analysts’ predictions of higher XRP targets in the coming days. For instance, The Great Mattsby forecasts XRP is “just days” away from an all-time high breakout, while World of Charts predicts XRP could hit $4 in the “next couple of days.” On a more ambitious note, technical analyst Gert van Lagen speculates that if XRP replicates its 2017-2018 cycle performance, the token’s next target could be as high as $100 . Overall, XRP’s short-term structure looks strong. The price is well above its 50-day simple moving average ( SMA ) of $2.25 and 200-day SMA of $1.00, signaling bullish momentum. However, risks of a pullback remain. The 14-day relative strength index ( RSI ) at 65.41 is nearing overbought levels, while a Fear & Greed Index of 70 (Greed) suggests optimism may wane. Volatility at 5.83% also leaves XRP vulnerable to sharp price swings. Featured image via Shutterstock The post Will XRP hit $3 this week? appeared first on Finbold . NullTx