Cryptocurrency has changed the lives of investors. Shiba Inu, or SHIB as it is also known in the meme coin world, was once a popular asset that brought investors similar profits. Recent reports show that an investor turned $95 in to almost $100,000 over the course of a day.
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Lookonchain data revealed recently that cryptocurrency traders who trade Incept (INCEPT), saw their returns increase by more than 1000 times. They could turn $95 into up to $96,900 within just 12 hours.
The address could have been an insider’s. Lookonchain’s team noted that the addresses were only added to the market 4 days ago and only trade INCEPT. They “appear to be insider wallets,” They are also generating returns on INCEPT that can be up to 1,000-fold.
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Looking Into INCEPT
Incept is an entirely new cryptocurrency. The first coin of its kind based upon the ERC-4D standards. According to crypto-analyst 0xGCB it incorporates three standards: ERC-20 tokens (common), ERC-721 non-fungible tokens (NFTs), ERC-6555 (token account, which acts similarly to wallets). Analyst said,
” After waking up at noon today, I found that the market value of $Incept has soared to nearly 15M. I carefully studied it again. The concept is a bit complicated, but in a nutshell, each INCEPT token can be used as a wallet and can hold a variety of assets (including NFTs, data, and even more INCEPT tokens).”
INCEPT currently trades at $1137.06 which is a gain of 1.48 percent from its September 25th debut.
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Source: watcher.guru
