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The rise in Bitcoin and altcoins helped investors multiply their profits. At this point, many investors who invested early were rewarded for their patience.
One of them was the $PENDLE investor.
Cryptocurrency data analytics platform Spot on Chain announced that an investor turned $1.2 million into $9.36 million thanks to the increase in the price of $PENDLE.
A crypto investor made more than 6.8 times his $PENDLE investment, turning $1.2 million into $9.36 million. This profit was not a one-minute gain, it lasted almost a year and showed how long-term investing pays off.
Accordingly, this investor purchased 1.595 million $PENDLE between July 29 and November 11, 2023. During this period, he purchased $1.2 million worth of $PENDLE at an average price of $0.752.
His investment increased to $9.3 million after the $PENDLE price increased by 400% in a year.
After this increase in the $PENDLE price, the investor sold and sold 1.295 million $PENDLE worth $7.61 million.
This investor made $7.16 million from the sale of $PENDLE and was left holding 300,000 $PENDLE worth $1.7 million.
The investor made a total profit of 680%, or $8.16 million, from his $PENDLE investment.
$PENDLE continues to trade at $5.29 at the time of writing.
*This is not investment advice.
cryptobriefing.com
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