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Smart Money Strikes Gold As A Strategic Investor Reaps A 247% Return On RFC Token

A cryptocurrency wallet known as 9mKy1…7o4Ch has become a subject of interest—an investing classic, you might say, with great timing.

It took $236,000 and made it into a profit of about $697,000. The wallet invested in something called RFC, or Rfindercoin, which has been going up very quickly in both price and popularity.

On April 7 at midnight, the wallet started snapping up batches of RFC tokens, amassing a total of 16.21 million tokens. The average purchase price was a mere $0.0174 per token. Now that the token’s price has rocketed to $0.06559, this looks to be the most outrageous sort of appreciation. And yet, despite the rise in value, the investor has not moved or sold any of the tokens, which looks to be a situation of either very strong hands or a way to not incite any sort of public relations issue by selling a token that could be described as a “security” if the SEC is forced to use a broad brush in its description.

Stalkchain, an on-chain tracking platform, has confirmed that in the past 24 hours, the most purchased token by smart money wallets is RFC. This just goes to show how much confidence the so-called informed or institutional-grade investors have in RFC. And why shouldn’t they have confidence in it? These types of investors are usually pretty good at sniffing out early trends and acting on them.

Recently, RFC attained a market capitalization that hit an all-time high of $80 million, although it has since pulled back slightly to a market cap of $67 million. Such a pullback is not unusual following a parabolic price move, as early investors consolidate gains and the broader market reassesses valuation. Still, the token is not just holding steady; it is pushing out in front, not quite a front-runner, but consistently accelerating. And with this forward momentum, RFC has achieved something else also somewhat unusual: buying by both early and strategic investors has ignited an air of inevitability about the token’s next move.

The wallet at the center of this story is a high-level example of how to do crypto. It shows how to accumulate gradually, over time, before a price rally, and how to hold through what seems to be some volatility. The net result, without paying too much attention to the details of what the Bitcoin Cash project was up to, is that RFC’s momentum has been monetized. A couple of times, the wallet has almost tripled the initial investment, yet the investor has not taken profits.

Several reasons can be held responsible for the latest successes being enjoyed by the Request for Comment (RFC). Community involvement with the RFC is on the rise and appears to be spilling over into a recent uptick in the price of the RFC, making it very marketable on several crypto listings. Future plans seem to be solid, as the RFC has out-lined some near-term milestones that also signal heightening interest from speculators.

The wallet belonging to 9mKy1…7o4Ch serves as a reminder that in the crypto markets, if you plan something and do it well, you can end up with a lot of money. The actions of this investor show considerable discipline and quite a bit of market foresight. It’s not easy to position yourself ahead of major market movements and not react to them after the fact as many traders do. But that’s what smart money does.

Retail investors and traders trying to achieve the same successes the RFC has enjoyed look to it to see what it will do next. And it may well do something next — pending all sorts of prognostications, usually long on caution, by various players. Obviously, under the present set of circumstances, it seems a foregone conclusion that the RFC will be looking very good, maybe kind of like a pretty auspicious investment.

As RFC gains more attention and investment, its future developments will be monitored closely by everyone from community members to analysts, not to mention the “smart money” investors who tend to make bets on technology with promise.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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