Crypto Trader Who Turned $353 To $8.3 Million Identifies The Next Ethereum-Based Crypto To Do A 1000X
The post Crypto Trader Who Turned $353 To $8.3 Million Identifies The Next Ethereum-Based Crypto To Do A 1000X appeared first on Coinpedia Fintech News
On-chain analytics platform Lookonchain recently revealed a crypto trader who turned $353 into $8.3 million on the Ethereum Layer 2 network, Base. This occurrence again highlights the boundless opportunities that lie in the crypto space and how investing in the right crypto tokens has changed the lives of several individuals, turning them into overnight millionaires and billionaires.
New crypto investors who have heard of this recent success story are now looking for another crypto token that can make such gains and turn their investments into millions of dollars. Crypto traders who have made such life-changing money in the past have advised these investors not to look far and to focus solely on the newly launched ETFSwap ($ETFS) token.
How This Crypto Trader Made $8.3 Million On The Base NetworkAccording to Lookonchain, the crypto trader used $353 to buy $1.3 billion worth of Keyboard Cat (KEYCAT) tokens – a meme coin on the layer-2 network, Base. Interestingly, this trader invested in Keyboard Cat (KEYCAT) when its market cap was just at a meager $2,200.
Following his investment, this crypto trader saw his Keyboard Cat (KEYCAT) holdings increase by 23,770x over the next six days, with his $353 investment turning into $8.3 million during that period. The trader was commended for showing great patience and being able to diamond hand even when Keyboard Cat’s (KEYCAT) price dropped.
Ethereum Laye 2 Network Sees Spike In Network ActivityEthereum Layer 2 network, Base, has recently experienced a spike in its network activity thanks to the meme coin frenzy on the network. Crypto traders have continued to flock to Base in search of that meme coin that can make life-changing money like the $8.3 million that the crypto trader in question made.
In addition to this trader, some other crypto traders have undoubtedly also been fortunate to make significant gains in their meme coin trading endeavours on Base. This is evident in the fact that other meme coins on Base, like Brett (BRETT) and Degen (DEGEN), have recently seen impressive price surges. Therefore, those invested in those tokens would have made a reasonable profit from them.
Amidst the meme coin frenzy on Base, the biggest winner is undoubtedly Base itself. The network has seen so much liquidity flow into its ecosystem and has made a mammoth amount in transaction fees.
However, considering that the Ethereum layer-2 network doesn’t have its utility token and has categorically stated that it doesn’t have plans to launch one, members of the crypto community have begun to question where such liquidity will flow once the meme coin frenzy on Base cools off.
Base Meme Coin Traders Moving Their Funds To Another Ethereum-Based Project
Crypto experts have opined that profits from meme coins on Base will likely be invested in the ETFSwap ($ETFS) token. These crypto experts are convinced that this will happen because meme coin traders are known to diversify their funds in new utility tokens that boast so much potential.
ETFSwap ($ETFS) is a deflationary ERC20 token and the utility token of the decentralized finance (DeFi) platform ETFSwap. The ETFSwap ($ETFS) undoubtedly has great potential, considering the innovative offerings that the ETFSwap ($ETFS) platform is introducing into the crypto space. One of these offerings includes users being able to trade exchange-traded funds (ETFs) on-chain.
Before now, investors usually have to go through certain intermediaries to invest in these ETFs. However, that is all about to change thanks to ETFSwap ($ETFS). Users can choose from various categories of ETFs on the platform and simply invest using the ETFSwap ($ETFS) token.
The ETFSwap ($ETFS) token isn’t just a passport to ETF trading opportunities but one that allows users to earn high yields when they stake their tokens. Users who hold the token will also be able to participate in the governance of the DeFi platform.
The first presale stage for the ETFSwap ($ETFS) token is ongoing, with each token selling for $0.00854. Like that trader who made $8.3 million, investing early in these undervalued gems is key to enjoying generational wealth. Therefore, it is imperative to get in on promising new projects as early as possible.
For more information about the ETFS Presale: