One of the most notable traders in the crypto community at the moment, Ansem (@blknoiz06), recently ignited interest with his latest estimate, claiming another potential 100x opportunity. This time, his focus is on new developments on the Bitcoin network, which he believes is currently being undervalued by the market.
Ansem said By X:
The next 100x opp runes on Bitcoin, 95% CT doesn’t care at all Compare the volume on Solana memecoins to the current Unisat volume and think of the wealth impact if Bitcoiners buy their own native altcoins it will also bv here imo. .
An in-depth analysis of Ansem’s success
Lukenchain, a respected on-chain analysis firm, provided a comprehensive look at Ansem’s latest trading history and strategy. Their analysis reveals a pattern of early investments in nascent cryptocurrencies that later turned out to be highly profitable.
Ansem (@blknoiz06) – Best Crypto Traders Who:
170x on $SOL 520x on $WIF 80x on $BONK
Yesterday, he tweeted that the next 100x opp is runes on Bitcoin.
1/ Let’s explore his trading strategy. pic.twitter.com/vN2N2Aekbz
— Lookonchain (@lookonchain) 17 April 2024
On January 1, 2021, Ansem invested in Solana when it was worth just $1.50. By November of the same year, Solana’s value had skyrocketed to $260, a return significantly higher than market expectations of 170x.
Investments in WIF and BONK reaffirmed Ensem’s keen sense of market potential. His tweet on December 12, 2023, suggests that WIF has the same potential as SHIB (Shiba Inu), before WIF’s value rose sharply from $0.09 to $4.85.
Likewise, its BONK support increased its price by 80 times. “On October 30, 2023, Ansem tweeted ‘bonk great coin’ and then BONK skyrocketed! After 4 months, BONK crossed $0.000047,” the firm said.
Lukenchain further highlighted, “Ansem devotes 70% strategic allocation to long-term holdings and 30% to short-term, speculative transactions. This balanced approach helps minimize risk while capitalizing on high return opportunities. His success is a testament to his deep market insight, disciplined investment strategy and timely execution.”
How To Follow Crypto Traders Predictions
In response, noted crypto analyst Cyclops (@nobrainflip), who has 346,000 followers, analyzed Ansem’s current forecast. he Explained Key Hype revolves around a newly developed protocol called Runes, created by the inventor of Ordinals, Rodermore. Runes allows issuing fungible tokens directly on the Bitcoin network, operating as a more integrated alternative to the BRC-20 protocol.
Unlike BRC-20, which follows the same ledger model as Ethereum, Runes uses Bitcoin’s UTXO (Unspent Transaction Output) model, potentially offering a more seamless integration with Bitcoin’s existing infrastructure.
Notably, Runes aren’t the only option; They aim to completely replace the BRC-20. The protocol charges in BTC to create the token and is set to launch on April 19, Bitcoin’s halving. As various projects, tools and platforms emerge, the development of the Runes ecosystem continues in full swing.
With the expected launch of Runes scheduled for Bitcoin’s next half-day on April 19, the ecosystem around this new protocol is developing quickly. Various projects are already ready to use Runes, actively developing tools, launchpads and other resources.
The most notable according to Cyclops are:
- Runecoin (RSIC): This project allows users to mine tokens in anticipation of Runes launch. It has already distributed 21,000 RSIC minor airdrops to more than 9,000 wallets with ordinal collections.
- Runes Terminal (RUNI): Aimed at developers, this platform is creating a test environment for Bitcoin applications that will use the Runes protocol, facilitating innovation and simplifying the transition of new applications to the Bitcoin network.
- Puppies Tokens (PUPS): With a pre-mint supply of 10 million tokens, the project plans an airdrop for holders of Rune Pup Ordinals, who can also participate in token-burning events to reduce supply and increase potential value.
The crypto analyst also advised that the hype around runes is just getting started. “The Ordinals community has promoted numerous projects to offer Runes airdrops. Thanks to Magic Eden, the new tab now lists all collections in one place to confirm the distribution of runes to holders.”
At press time, PUPS traded at $48.96, down 68% from its all-time high.