Sun, November 17

Trader who flipped $50k into $1M with Shiba Inu (SHIB) makes his next big move

Trader who flipped $50k into $1M with Shiba Inu (SHIB) makes his next big move News

A crypto trader has made waves in the market, turning an initial $50,000 investment into over $1 million in profits with the explosive growth of the meme coin Shiba Inu (SHIB). Now, he is setting his sights on another potential moonshot with the new project Retik Finance (RETIK). The anonymous trader first stumbled upon Shiba Inu in early 2021, when it was trading for a fraction of a penny. Intrigued by the project’s vision and its vibrant online community, he decided to take a chance and invest $50,000 in the altcoin. His bet paid off enormously when a surge of speculative interest drove Shiba Inu’s price up over 50 million percent, allowing the trader to sell his stack for a jaw-dropping $1.3 million.Eager to replicate his success, the trader began scouting the market for other emergent tokens that exhibited similar prospects to those he saw in Shiba Inu. He soon came across Retik Finance, a multi-chain decentralized finance hub focused on revolutionizing digital transactions and payments. 

Retik Finance

Retik’s Winning Formula

According to the trader, several key factors make Retik Finance an ideal moonshot candidate, not unlike Shiba Inu during its early days. Most notably, Retik offers users real-world utility through its suite of DeFi products including crypto debit cards, a non-custodial wallet, an AI-based peer-to-peer lending protocol, and a decentralized perpetual futures exchange. He points out that the ability to spend cryptocurrency anywhere with Retik’s debit cards is a major draw, potentially accelerating consumer adoption. Likewise, the built-in swap aggregator allows users to find the best rates across exchanges effortlessly. On top of its functional value proposition, Retik tokens are currently selling for $0.12 each during an ongoing public presale event, giving the currency ample room to surge over time. And with exciting developments like recent listings on CoinMarketCap and CoinGecko, as well as a successful audit from Certik, the trader believes the stars are aligning for the project to surge.

Going All In on Retik Finance

Convinced that lightning can strike twice, the crypto millionaire has already put $200,000 behind Retik tokens to ride the wave upwards alongside its community. If the coin sees anywhere near the parabolic upside that Shiba Inu experienced, he could potentially walk away with eight figures or more in gains. And unlike meme coins like Shiba Inu, which lack robust utility, the trader views Retik as a sustainable, long-term investment. “I think Retik has real staying power because people will actually use the cards and lending protocol,” he remarks. “It’s bringing innovation to DeFi payments while also rewarding token holders.” Between the current discounted presale price and its ambitious roadmap, the trader says that Retik checks all the boxes of a prime breakout candidate. And given his past results, the market is paying close attention to where he allocates his crypto capital next. Judging from historical precedent, if the anonymous millionaire goes heavy on a nascent altcoin in its early developmental phases, the floodgates of liquidity from retail investors may soon follow suit. Only time will tell whether lightning strikes again for this crypto trader and his newest bet on Retik.

Click Here To Take Part In Retik Finance Presale

Visit the links below for more information about Retik Finance (RETIK):

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Journalism graduate who loves to write and Karate. And I love exploring new concepts and that brought me into the fascinating crypto and blockchain technology…