We witnessed a meme coin trend in the cryptocurrency market in March. However, this wind later died down. A master crypto trader who made huge profits from Meme coin trading shared his latest favorite. The trader said he sees a protocol built on Bitcoin as a “100x opportunity.”
Master meme coin trader identifies the next 100x altcoin opportunity!
cryptokoin.comAs you can see from , there is a bearish sentiment in the market for now. However, it is possible that this situation will create new opportunities. A popular trader with the pseudonym Ansem has achieved remarkable results with his trading predictions, having previously identified other “100x opportunities”. So much so that it even managed to attract the attention of the on-chain analytics platform Lookonchain. Master trader, 170x on Solana (SOL); Made 520x profits on WIF and 80x profits on BONK. Thus, it gained a reputation in the market.
Interestingly, Ansem believes that most cryptocurrency traders are currently ignoring this opportunity. According to Trader, it is not impossible to earn approximately 10,000% profit. In this context, Ansem says:
The next 100x opportunity is Runes Protocol in Bitcoin, 95% of the Crypto Twitter community is not paying any attention to it. Compare volumes with Solana meme coins to current unisat volume and consider the wealth impact if Bitcoiners have their own native altcoins to purchase.
What is Runes Protocol in Bitcoin?
Casey Rodarmor, the creator of the Ordinals protocol, has developed a new protocol for Bitcoin called Runes. Essentially, Runes aims to enable the creation and efficient transfer of fungible tokens for a DeFi ecosystem on the Bitcoin Blockchain. It allows multiple token transfers in a single transaction. Thus, it eliminates the limitations of the BRC-20 standard, which is currently the most used.
Additionally, Runes promises greater simplicity and security than BRC-20 without dependence on Ordinals. The launch of the protocol coincides with Bitcoin’s fourth halving. This could make transaction fees more important for network security. In this regard, a Coindesk report expects Bitcoin average transaction fees to increase if Runes become popular.
Ansem’s trading history and previous 100x deals
Ansem has achieved remarkable success in the volatile world of cryptocurrencies. In January 2021, he opened a position in Solana at $1.5. This position of the trader skyrocketed to $260 within 11 months. Thus, the master trader made a staggering 170x profit. The trader’s success was also evident in October 2023, when he tweeted “bonk great coin,” predicting the price of BONK to increase more than 80 times in just four months. Finally, he supported WIF in December 2023. Meme coin saw a staggering 520x increase from $0.09 to $4.85.
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