2024

Solana

DeFi

Bitcoin

when

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 <p class="paragraph">A cryptocurrency smart trader named the upcoming Runes Protocol, built on Bitcoin (BTC), the “next 100x opportunity”. Using the alias <em>Ansem</em> on X, the trader has accumulated remarkable results with trading calls, previously identifying other “100x opportunities.”</p>
 <p class="paragraph">On April 16, <em>Ansem</em> posted on the social platform and drew the attention of <em>Lookonchain</em>, reporting smart money activity. The smart trader made his fame by reportedly achieving “170x” on Solana (SOL), “520x” on WIF, and “80x” on BONK.</p>
 <p class="paragraph">Interestingly, <em>Ansem</em> believes most cryptocurrency traders currently ignore this opportunity to, in his opinion, achieve nearly 10,000% gains. In his words:</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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  <p class="paragraph">“Next 100x opp[ortunity] is runes on Bitcoin, 95% of CT [Crypto Twitter] is not paying attention to this at all. Compare volumes with Solana memecoins to current unisat volume and consider the wealth effect if Bitcoiners have their own native altcoins to buy.”</p> <cite>– Ansem</cite>
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    <p lang="en" dir="ltr">Ansem(@blknoiz06) – the best <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> who: <br><br>170x on $SOL <br>520x on $WIF <br>80x on $BONK<br><br>Yesterday, he tweeted that the next 100x opp is runes on Bitcoin.<br><br>1/ <br>Let’s dig into his trading strategy. pic.twitter.com/vN2N2Aekbz</p>— Lookonchain (@lookonchain) April 17, 2024
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 <h2 class="wp-block-heading" id="h-what-is-the-runes-protocol-on-bitcoin">What is the Runes Protocol on Bitcoin?</h2>
 <p class="paragraph">Casey Rodarmor, the creator of the Ordinals protocol, has developed a new protocol called Runes for Bitcoin.</p>
 <p class="paragraph">Essentially, Runes aims to enable the creation and efficient transfer of fungible tokens for a DeFi ecosystem on the Bitcoin blockchain. It addresses the limitations of the, currently most used, BRC-20 standard by allowing multiple token transfers in a single transaction.</p>
 <p class="paragraph">Furthermore, Runes promises greater simplicity and security than BRC-20, with no dependencies on Ordinals. The protocol’s launch coincides with Bitcoin’s fourth halving, which could make transaction fees more important for network security.</p>
 <p class="paragraph">On that note, a <em>Coindesk</em> report expects Bitcoin average transaction fees to increase if Runes becomes popular. On April 13, Finbold reported these fees again nearing the global average daily income, costing people one full working day to send a single transaction.</p>
 <p class="paragraph">Runes builds upon the UTXO concept, allowing users to hold balances in various Runes tokens and freely exchange them.</p>
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    <p lang="en" dir="ltr">Runes were built for degens and memecoins, but the protocol is simple, efficient, and secure. It is a legitimate competitor to Taproot Assets and RGB.<br><br>The protocol is self contained and has no dependencies on ordinals or inscriptions, making it extremely simple.<br><br>Balances are…</p>— Casey (@rodarmor) April 1, 2024
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 <h2 class="wp-block-heading" id="h-ansem-s-smart-trader-history-and-previous-100x-opportunities">Ansem’s smart trader history and previous 100x opportunities</h2>
 <p class="paragraph"><em>Ansem</em> has made remarkable achievements in the volatile world of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies. In January 2021, he opened a position in Solana at $1.5, which skyrocketed to $260 within 11 months, resulting in a staggering 170x gain.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="882" src="https://cdn.thebittimes.com/images/2024/04/18/b4e8168da8dd5d86fc9808d9be8b612e.webp" alt class="wp-image-169753" srcset="https://cdn.thebittimes.com/images/2024/04/18/b4e8168da8dd5d86fc9808d9be8b612e.webp 1024w, https://cdn.thebittimes.com/images/2024/04/18/b4e8168da8dd5d86fc9808d9be8b612e.webp 300w, https://cdn.thebittimes.com/images/2024/04/18/b4e8168da8dd5d86fc9808d9be8b612e.webp 768w, https://cdn.thebittimes.com/images/2024/04/18/b4e8168da8dd5d86fc9808d9be8b612e.webp 1182w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Ansem’s trade with SOL. Source: <em>Lookonchain</em>
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 <p class="paragraph">The smart trader’s influence was further demonstrated when he tweeted “bonk great coin” in October 2023, causing the price of BONK to surge by more than 80x in just four months. Finally, his endorsement of WIF in December 2023 led to an astonishing 520x increase, from $0.09 to $4.85.</p>
 <p class="paragraph">Specifically, <em>Ansem</em>‘s journey in crypto trading began in 2017 when he shared his learning materials and experiences in a thread. In 2021, he resigned from his job to pursue full-time trading and provided insights on positioning in altcoins and holding Bitcoin.</p>
 <p class="paragraph">His trading style involves allocating 70% of his portfolio to long-term holds and 30% to short-term, speculative <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>s. <em>Ansem</em> attributes his success to accepting mistakes, remaining humble, and controlling emotions during market fluctuations.</p>
 <p class="paragraph"><strong><em>Disclaimer: </em></strong><em>The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/smart-trader-names-the-next-100x-crypto-opportunity-tbt85637.html">https://thebittimes.com/smart-trader-names-the-next-100x-crypto-opportunity-tbt85637.html</a></p>

Smart trader names the next 100x crypto opportunity

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