Feb 23, 2025
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I AM A DEGEN the first step is admitting Mental Barf 2024
Crypto Trader Made $283 Million in One Month
An unknown cryptocurrency trader turned $55 million of paper wealth into $283 million in just over a month.
The only clue about this person or persons, beyond a virtual wallet with the identification code 0x00A651D43B6e209F5Ada45A35F92EFC0De3A5184, surfaced on a June 11 Instagram posting, in Bahasa, in which he or she (or they) (or somebody posing as them) boasted about the 413 percent profit accumulated earlier this year from ether, the digital money of the Ethereum blockchain.
One of the cool things about Ethereum is that all wallets around the world are transparent and open for everyone to see. And this is my walletās savings.ā
Likely candidates to be crypto-billionaires include
Michael Novogratz, hedge fund manager
Joseph Lubin, founder of ConsenSys, a blockchain production studio that works on Ethereum
Vitalik Buterin, Ethereum creator
Novogratz, a former executive at Fortress Investment Group and Goldman Sachs Group Inc., has a long way to go, but heās been a consistent booster. He said last month that he has 10 percent of his net worth invested in virtual money. Thatās a stake worth at least $90 million, given a net worth calculated at $925 million, according to the Bloomberg Billionaires Index. Novogratz declined to comment.
Cryptocurrencies could become a $5 trillion industry, but they need to develop sound business principles to satisfy regulators and lend legitimacy, Novogratz said June 27 at a fintech conference in New York.
XRP āUnder Heavy Resistanceā After Key Rejection: Is $1 Next?
While XRP attempts to hold a crucial area, some analysts have pointed to key indicators that could dictate whether the recent pullback is temporary or marks the start of a deeper correction. Related Reading XRP Rally Faces Critical Resistance On Tuesday, XRP continued its recent decline, falling to the $1.35 area, its lowest level since late April. The cryptocurrency has been trading betweenā¦
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Analyst Explains Why An April Rally To $2 Could Be Ahead
As XRP attempts to defend a crucial support level, an analyst has called for a 30%-40% rally in the coming weeks, suggesting that the altcoin could see short-term relief before it reaches its ācritical inflection point.ā Related Reading XRP Defends Its āLifelineā On Friday, XRP saw a 2.5% intraday retrace to retest the $1.43 area before bouncing above the crucial $1.40 level. The altcoin hasā¦
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Dogecoin At $2 Is āInevitableā As Musk Revives āDogefatherā Meme
While some market observers suggest that Dogecoin (DOGE) could be primed for a massive price expansion, Elon Musk revived his popular meme after a long time, reigniting enthusiasm among crypto community members. Related Reading The āDogefatherā Is Back? As investors wondered whether Elon Musk had abandoned Dogecoin, the Tesla CEO and X owner put the memecoin front and center of the cryptoā¦