In a stunning profit-making streak, a savvy investor who bet big on MAGA-themed $DOGE tokens recently saw their earnings skyrocket by an impressive $4.36 million in just three days.
Achieving a return rate of 862%, this investment stands out as another remarkable success for this high-stakes trader.
The investor strategically bought up 6.01 million DOGE tokens when the market cap hovered around $76 million. Today, the market cap has surged to $143 million, effectively doubling the trader’s floating profits to over $2 million. This rapid profit increase reflects the power of timely market moves in cryptocurrency investments.
This address previously achieved a similar windfall with $MAGA tokens, raking in $3.4 million and solidifying their status as a fervent Trump supporter within the crypto community.
On the technical front, Dogecoin is currently consolidating in a descending triangle on lower timeframes. Analysts are eyeing the key resistance level at $0.198, predicting that a breakthrough here could trigger a further 10% rise, potentially pushing the price up to $0.220.
With Dogecoin’s value shifting on the charts, many in the market are watching to see if this trend will continue, or if a pullback is on the horizon. The savvy trader’s strategic moves in this space have inspired others to keep a close eye on the opportunities within politically charged tokens like MAGA $DOGE.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.