One of the hottest traders in the cryptocurrency community right now, Anthem (@blknoiz06), recently garnered attention with his latest predictions, claiming there is a new 100x opportunity. This time, he focuses on new developments in the Bitcoin network, which he believes is currently undervalued in the market.
anthem said Via X:
The next 100x OPP is a Bitcoin rune. 95% of CTs do not pay attention to this at all. Compare Solana meme coin volume to current Unisat volume and consider the wealth effect if Bitcoiners have their own native altcoin to buy provenance from. There will be an impact here as well.
A detailed analysis of Anthem's success
Lookonchain, a reputable on-chain analytics firm, has thoroughly researched Ansem’s latest trading history and strategy. Their analysis revealed early crypto investment patterns that later became very lucrative.
Anthem(@blknoiz06) – Best Crypto Trader:
170x on $SOL
520x on $WIF
80x on $ bonkYesterday, he tweeted that the next 100x OPP is a Bitcoin rune.
1/ 🧵
Let's dig into his trading strategy. pic.twitter.com/vN2N2Aekbz— Lookonchain (@lookonchain) April 17, 2024
On January 1, 2021, Anthem invested in Solana when the price was just $1.50. By November of that year, Solana's value had soared to $260, a return that significantly exceeded market expectations, and his net income was more than 170 times higher.
Mr. Anthem's keen sense of market potential was again on display with his investments in WIF and BONK. His tweet on December 12, 2023 suggested that WIF had similar potential to SHIB (Shiba Inu) before its value increased significantly from $0.09 to $4.85.
Similarly, his endorsement of BONK led to a staggering 80x increase in its price. “On October 30, 2023, Anthem tweeted “BONK Great Coin” and BONK skyrocketed. 4 months later, BONK crossed $0.000047,” the company said.
Lookonchain further emphasized: “Anthem strategically allocates 70% to long-term holdings and 30% to short-term speculative trading. This balanced approach allows us to take advantage of high return opportunities while mitigating risk. His success is a testament to his deep market insight, disciplined investment strategy, and timely execution.”
How to follow crypto trader predictions
In response, Cyclop (@nobrainflip), a well-known crypto analyst with 346,000 followers, analyzed Anthem's current predictions.he explained The hype revolves around a newly developed protocol named Rune, created by Ordinal inventor Rodalmor. Runes enables the issuance of directly fungible tokens on the Bitcoin network, acting as a more integrated alternative to the BRC-20 protocol.
Unlike BRC-20, which follows an account model similar to Ethereum, Runes leverages Bitcoin's UTXO (Unspent Transaction Output) model, potentially offering more seamless integration with Bitcoin's existing infrastructure. there is.
Remarkably, runes are not just an alternative. They aim to completely replace the BRC-20. The protocol charges fees in BTC for the creation of tokens and is scheduled to launch on April 19, the same day Bitcoin halving occurs. Development in the Runes ecosystem is gaining momentum, with various projects, tools, and platforms starting to emerge.
With Loon scheduled to launch on April 19, the next Bitcoin halving, the ecosystem around this new protocol is rapidly evolving. Various projects are already preparing to take advantage of Runes, and tools, launchpads, and other resources are being actively developed.
According to Cyclops, the most notable are:
- Rune Coin (RSIC): This project will allow users to mine tokens in preparation for the launch of Runes. We have already distributed 21,000 RSIC miner airdrops to over 9,000 wallets holding the Ordinal collection.
- Rune Terminal (RUNI): This platform aimed at developers creates a testing environment for Bitcoin applications that leverage the Runes protocol, facilitating innovation and simplicity in migrating to new applications on the Bitcoin network.
- Papus Token (PUPS): The project plans to supply 10 million tokens prior to issuance and is planning an airdrop for Rune Pup ordinal holders. This holder can also participate in events that burn their tokens to reduce supply and increase value.
The crypto analyst also advised that the hype surrounding Rune is just beginning. “The Ordinals community has driven numerous projects that provide rune airdrops. Thanks to Magic Eden, your new tab will include all collections confirmed to distribute runes to their owners. Now they are all listed in one location.
At the time of writing, PUPS is trading at $48.96, down 68% from its all-time high.
Featured images created with DALL・E, charts on TradingView.com
