SHIB Millionaire Bets $20M on Retik Finance (RETIK): Crypto Investment Strategy Shift for 2024 Bull

Shiba Inu’s meteoric rise in 2021 minted a new class of crypto millionaires and billionaires. However, one of these whales, holding over $20 million in SHIB, recently made a substantial investment in a promising newcomer, Retik Finance (RETIK). His move hints at a shift in investment strategy by top crypto whales looking ahead to the next bull run in 2024.
The Rise and Fall of Shiba Inu
Shiba Inu soared over 43 million percent, turning an initial investment of $1,700 into over a million for one anonymous investor in less than a year. The meme-inspired token quickly became one of the hottest cryptocurrencies, attracting a cult-like following and delivering outsized returns for early investors. The investor was among those who bet big on SHIB in the early days. His stack of tokens grew to be worth over $20 million.

Searching for the Next Big Thing
With Shiba Inu’s outlook uncertain in the short term, whales like the investor appear to be looking for up-and-coming projects that could replicate SHIB’s parabolic gains. In a surprise move, the investor recently made a substantial purchase of Retik Finance’s native token, RETIK, during the platform’s ongoing presale event. Retik Finance is a new player aiming to drive cryptocurrency adoption through real-world utility. The Retik ecosystem includes DeFi debit cards, a payment gateway, a non-custodial wallet, and AI lending platform. The key goal is to bridge the gap between crypto and daily spending. “I believe the next phase of exponential growth in crypto will come from platforms offering practical, real-world uses,” said the investor following the purchase. “Retik Finance is creating those vital bridges between decentralized finance and the average consumer experience. That’s why I’m betting big on RETIK for the next bull run.”
Why Retik Finance is One to Watch
There are several reasons why Retik Finance grabbed the investor’s attention as having breakout potential.

Unique Value Proposition
Retik Finance offers unique products and features. The cornerstone is the Retik DeFi debit cards, which provide users with an easy way to spend crypto balances in daily life without Know-Your-Customer (KYC) procedures. This enables private, secure transactions anywhere major cards are accepted. Other key infrastructure pieces include a multi-chain non-custodial wallet, swap aggregator, payment gateway for merchants, and AI lending platform. Combined, they provide comprehensive utility for managing crypto seamlessly.

Real-World Focus
Unlike many crypto projects focused on speculation, Retik Finance prioritizes real-life integration. Adding cryptocurrency spending options across point-of-sale, ATMs, and more overcome a major adoption barrier. Mainstream users can dip their toes in without changing their daily habits.

Strategic Tokenomics
Retik Finance’s tokenomics include attractive incentives, such as up to 5% cashback for debit card spending. This unique “earn as you spend” model provides inherent RETIK demand. Meanwhile, a fixed low total supply of 1 billion creates scarcity to sustain growth.

Presale Opportunity
RETIK is currently available via presale before exchange debuts. The presale utilizes a tier system where the price increases incrementally with each batch sold. Early buyers, like the investor, can thus secure tokens below the launch price. The presale has raised over $21 million, with only two rounds before launch.

Wrapping Up
Major industry shifts happen rapidly in crypto, as evidenced by Shiba Inu’s explosive 2021 rise and fall. Whales are now looking for the next disruptive platforms that could grab the spotlight in 2024 and beyond. Retik Finance shows promise by leveraging real-world adoption to ascend to the top. Its presale offers a rare chance to get hold early.
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Meme Moguls (MGLS) Token Consolidates as Chainlink (LINK) Price Holds: Potential 100x Growth?

The Meme Moguls presale is booming after developers announced the presale will end on February 28. This monumental milestone is a huge win for early investors, who are expected to win big as this unique altcoin takes the market by storm. Meanwhile, Chainlink and Monero are struggling to follow bearish market trends, with Monero being delisted from one of the world’s largest cryptocurrency exchanges.

Chainlink Growth Slows Following Whale Transactions
Over the last month, Chainlink’s price surged by 38.42%, taking the altcoin to $18.68. This sudden price rally has triggered an influx of crypto whale investors. According to data from Lookonchain, one transaction of $42 million worth of Chainlink tokens was made under the radar.

In total, 2,237,504 Chainlink (LINK) tokens have been withdrawn from Binance over the last week. This significant increase in transactions indicates that investors are confident in Chainlink, and the utility it brings to the crypto space.

However, Chainlink’s growth has halted overnight. In just 24 hours, Chainlink is down by 2.90% and its daily trading volume has crashed by 40%. Popular crypto analyst, Ali Martinez, highlighted that Chainlink has likely hit a resistance level, and could face further declines over the next week.

Monero Is Delisted From Binance
In a surprising announcement, Binance stated that the privacy coin Monero (XMR) will be delisted from the platform. As of February 20, Monero will no longer be listed. The reason behind Monero’s delisting remains unknown, though Binance has stated that it will delist assets due to poor levels of public communication, fraudulent conduct, and the project’s contribution to a healthy and sustainable crypto ecosystem.

Since being delisted Monero has crashed by 28.78% and is now trading at $116.58. This is a significant blow to the Monero ecosystem and will make it more difficult for new investors to purchase Monero in the future. On February 21, all Monero deposits and withdrawals will cease to be supported, giving investors just two weeks to withdraw their assets.
Could Meme Moguls Surge 100X Post Launch?
The highly anticipated Meme Moguls presale will launch on February 28. Initially launching on Uniswap, this unique P2E project is expected to take the market by storm, with its platform gaining thousands of users within a few weeks.

As investors eagerly await its launch, the Meme Moguls developers are giving their audience insights into what’s to come. Over the next week, investors will be able to watch the Meme Moguls game preview. This will showcase the game’s various features and different gameplay options.

In March, Meme Moguls will launch the first phase of its game’s release, allowing investors to engage with many of the game’s features. Upon launch, investors will be able to compete in tournaments, build their virtual portfolios, and connect with other players.

Investors can still get involved in the Meme Moguls presale by purchasing $MGLS tokens. $MGLS tokens are available for $0.0036 during phase 5 of the Meme Moguls presale and will increase to $0.0042 as phase 5 sells out.
Once it’s officially launched, experts have bullish predictions for Meme Moguls. Within weeks, experts believe $MGLS will experience several price rallies and could hit 100x returns within a year. This has made Meme Moguls a must-buy investment according to bullish supporters, who are doubling down on their investments before the game’s release.
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This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.