Smart Crypto Trader Turns $1M into $2M After Turbo Price Surged 54%

In the last few days, the crypto market has witnessed a significant shift in the user’s sentiments, creating a favorable crypto trading environment. Bitcoin, the biggest cryptocurrency in the market, with maximum dominance over others, has gained a new price momentum. With this, the Bitcoin price has hit the $67K mark after a 3 % surge in the last 24 hours. As a result, the entire crypto market is on the surging side, including Turbo price, which doubled the investment of this one crypto trader.

Crypto Trading Made $1M Profit For Smart Crypto Trader

Spotonchain, a popular analytics page on X, recently revealed an impressive crypto trading experience of one trader whose right-time investments made him $ 1 million in profits within a month. It started with the crypto trader with a wallet address of 0x5ac withdrawing 188.89M $TURBO tokens from one of the popular crypto exchanges, Binance. He withdrew these million tokens between September 21 and October 13 at the Turbo price of $0.007. It cost him around $1.24 M, but the wheel of fortune turned, doubling his investment within 25 days.

A smart whale just locked in a $1.03M profit from $TURBO (@TurboToadToken) after the price surged 35.6% today!

Smart whale “0x5ac” initially withdrew 188.89M $TURBO from #Binance at ~$0.007 (cost: $1.24M) between Sept 21 and Oct 13, then unloaded all just now at $0.012, gaining… pic.twitter.com/rRzmgcm7Q6

— Spot On Chain (@spotonchain) October 15, 2024

The trader has recently unloaded all these tokens at a Turbo price of $0.012, making 82.5% in profits. The tokens worth $1.24M at a time, have turned into $2.226M within a month. Not only this, the Spotonchain post revealed that the crypto trader has traded into 21 tokens, in which he achieved a 71% win rate. It is impressive in this uncertain crypto trading time, where the market is slowly moving toward Uptober. Interestingly, his most profitable trades include gaining $1.5M from Turbo, $843K from $BRETT, $467K from $PEPE, and $325K from $LINK. Meanwhile, he also faced significant losses, including losing $127K on $ONDO, the biggest fail.

In these favorable conditions, another trader has turned $727 to $2.42M in Just 4 Days, raising the hype around crypto trading.

Where is TURBO Price Heading Next?

TURBO is a decently popular cryptocurrency, with a market capitalization and trading volume of $735.98M and $418.96M. More importantly, it has recently hit a new milestone, creating a new ATH of $0.01318. This happened after a week-long rally, where the Turbo price surged by more than 54%, currently at $0.01121. The token began the uptrend even before that, as the monthly time frame reveals that the price is up by 166%.

Though it has moved significantly away from the peak, the bull’s dominance is still there. The 24-hour price charts indicate strong buying pressure on the token. However, with the overbuying conditions, the token has moved into the consolidation phase. The RSI sitting at 71.7201105 confirms this consolidation, revealing the selling sentiments rising with a trend reversal. Moreover, the CCI, Momentum, and a few other technical factors also confirm this.

This consolidation can continue for a day or month, depending on the user’s sentiments around this token. However, an uptrend might begin if the token breaks the resistance at 0.0115247.

What’s In There For You?

Turbo price has surged significantly in the past few weeks, reaching new highs that many traders might have missed. However, this one crypto trader made the right moves, making him $1M in profit and a remarkable crypto trading experience. However, it is important to note that the token has entered a consolidation phase, which might take a day or a month to regain its strength and continue the uptrend. Meanwhile, investors can explore top cryptos to buy, make perfect strategies, and much more to stay relevant in this diverse crypto market.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.