Crypto Analyst Turns $10K Dogecoin Trade To $100K Through 'Risky' Investment
Portfolio Pulse from Mehab Qureshi
A cryptocurrency analyst, 'Credible Crypto', turned a $10,000 Dogecoin (DOGE) trade into $100,000 in 48 hours using a 50x leverage amidst a market-wide bullish trend. The trade was based on technical analysis and a prediction of DOGE breaking out from a stable price phase. Dogecoin's price rose over 70% in the past week, with a notable increase in accumulations by large holders.
March 04, 2024 | 11:13 am
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'Credible Crypto' turned a $10,000 investment in Dogecoin into $100,000 in 48 hours, leveraging a bullish market trend. Dogecoin's price increased by over 70% in the past week.
The significant profit generated from the Dogecoin trade by 'Credible Crypto' highlights the potential high returns from leveraged cryptocurrency trading, especially during bullish market trends. The news could attract more investors to DOGE, potentially increasing its price in the short term. However, the use of leverage also indicates high risk, which might caution some investors.
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