In the volatile realm of cryptocurrency, the most significant daily gainers are often those small-cap coins that experience substantial pumps.
Their limited liquidity creates an environment where even slight purchasing pressure can lead to rapid, exponential gains.
A prime example of this trend is #Pandora, the pioneer token utilizing the ERC404 token standard. Over the past 24 hours, Pandora’s price has surged to over $9300, marking a notable 21% gain.
One astute trader capitalized on Pandora’s momentum, raking in an impressive total profit of approximately $1.2M within just two days. The trader initiated a strategic move by investing 97,484 USDT to acquire 154 Pandora at $633 two days ago.
Exploiting the market’s upward momentum, they sold 25 Pandora for 188,695 USDT at $7,548 yesterday, realizing a substantial profit of 91,211 USDT. Currently holding 129 Pandora, valued at $1.1M, the trader is sitting on unrealized profits of $1.1M.
In a parallel success story, another savvy trader entered the scene by investing $189K to purchase 187.68 PANDORA at $1,007 just two days ago.
This initial investment has now skyrocketed in value to an impressive $1.42M, resulting in a remarkable profit of approximately $1.23M within a brief two-day timeframe.
These rapid gains underscore the dynamic nature of small-cap coins, where strategic moves and well-timed transactions can lead to substantial profits for traders navigating the ever-shifting cryptocurrency landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: peshkov/123RF // Image Effects by Colorcinch
The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…
Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…
The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…
The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…
Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…
While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…