Veteran Trader Who Made a Fortune with Pepe and Ethereum (ETH) Shifts Focus to These GameFi Tokens: Here’s Why Experts Are Bullish on This O...
Release: 2024/03/02 03:34 Reading: 908
An anonymous trader with a proven track record of profitability seems optimistic about the future of GameFi, withdrawing nearly $4 million worth of gaming-related cryptocurrencies from Binance in recent hours.
The pseudonymous trader, as per on-chain analytics firm, Spot On Chain, withdrew sizable amounts of three popular GameFi tokens – Gala, Sandbox, and Decentraland’s MANA. Specifically, the withdrawals included:
- 36.88 million $GALA tokens valued at $1.49 million
- 2.43 million $SAND tokens valued at $1.43 million
- 1.63 million $MANA tokens valued at $1.01 million
Notably, this trader had previously realized a total profit of $4.08 million from successful investments in $PEPE and $ETH. They also wisely withdrew $SHIB tokens from Binance just before that memecoin pumped 23% in price yesterday.
MANA’s Bullish Sentiments
In related news, analyst Blockchain Babe on X posted enthusiastic predictions for Decentraland’s MANA token. As MANA surged 38% from $0.476 on Feb 24th to $0.65, breaking through key resistance levels, Blockchain Babe declared, “A major shift is underway.”
If MANA can hold above the psychologically important $0.6 level, Blockchain Babe set price targets at $0.7 and $0.84 next. She closed by saying, “Exciting times for [Decentraland]!”
Expert Highlights Ongoing MANA Momentum
Also following the MANA price action closely is analyst World of Charts. As the token kicked off a rally in sync with the wider crypto market, World of Charts noted MANA was already up 20%+ and “still [had] a long way to go.”
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Show more +In an earlier tweet, World of Charts said MANA “seems like it’s getting ready for massive breakout,” further stoking hopes amongst Decentraland investors.
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The post Veteran Trader Who Made a Fortune with Pepe and Ethereum (ETH) Shifts Focus to These GameFi Tokens: Here’s Why Experts Are Bullish on This One Token appeared first on CaptainAltcoin.
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