Crypto Trader Doubles $4.13M to $8.49M in 15 Days as Popcat Price Hits ATH
Over the years, crypto trading has become an influential investment opportunity, where billions of trades occur daily. More importantly, it has become an industry of Trillions and is continuously growing with investors and influential people’s support. However, all financial investment options offer benefits and challenges, and the same is true with the crypto industry, where timing, trade, and assets decide the future of the investment. And if everything goes smoothly, money can be doubled in just a few days like this crypto trader did after the Popcat price hit new ATH.
Crypto Trading Turned $4.13M Into $8.49M In Just 15 Days
In a few fortunate events, a crypto trader made the best decisions, investing $4.13 Million in a popular crypto Popcat and turning that into $8.49 Million. More importantly, he doubled his investment within 15 days as the Popcat price surged to new highs. This revelation came after Lookonchain, a popular X account about Crypto analytics, posted this trader’s transactions.
The price of $POPCAT broke through $1.4, a new time high!
This whale made $4.36M on $POPCAT again in less than a month, a 106% return!
He spent 4.13M $USDC to buy 6.11M $POPCAT at $0.68 on Sept 12 and Sept 13, now worth $8.49M!https://t.co/lwNqWGB6Ib pic.twitter.com/FjqILhEZGz
— Lookonchain (@lookonchain) October 6, 2024
Per the post, this crypto trader collectively spent 4.13M $USDC to buy 6.11M $POPCAT. This buying happened at an average price of $0.68 through 2 crypto wallets on September 12 & 13, and on October 7, the Popcat price grew to an ATH of $1.47, doubling the investors holding.
Meanwhile, another trader turned $368 into $2M in just three days, confirming the highly profitable opportunities in crypto trading.
Analyzing The Popcat Price Performance
Popcat is one of the most popular meme coins, offering 17683% gains this year alone. More importantly, this crypto bagged such huge gains despite heavy competition and unfavorable market conditions for months. Its popularity alone has made it achieve new peaks with time, and even the creation of an all-time high of $1.47 just a few hours ago. Though the Popcat price has moved from the ATH, it is still bullish, currently at $1.44 after a minor consolidation. Moreover, it has a market capitalization and trading volume of $1.4 Billion and $177 Million, which is also up significantly.
All this happened after Popcat price grew 183% over the month, with the crypto market gaining a new bullish push. In addition, the anticipation of the Uptober and crypto market rally has also pushed the crypto trading activities in the market. Interestingly, these gains might continue as there is heavy buying pressure on the token, with its price nearing the third resistance of 1.4558.
If it crosses this resistance, the earlier uptrend might continue. However, the Commodity Channel Index (20) indicates the overbuying of the token, confirming the ongoing consolidation. If the token fails to overcome it, the consolidation might continue for a long.
Final Thought
Following the hype around Uptober, many cryptocurrencies have hit new highs, including the Popcat, whose price has grown to $1.47. It has doubled a crypto trader’s entire holding, making him $4.36M in profits within 15 days, shocking many netizens. Interestingly, in this crypto trading experience, the trader has made the right trade at the right time, making the best out of the recovering crypto market.
The post Crypto Trader Doubles $4.13M to $8.49M in 15 Days as Popcat Price Hits ATH appeared first on CoinGape.