Investor rotates into BTH after profiting from finnbags' cat posts, anticipating billions in coming days.

Investor rotates into BTH after profiting from finnbags' cat posts, anticipating billions in coming days.

In a move that reflects the dynamic nature of the cryptocurrency market, an investor has shifted their focus to the Buy the Hat (BTH) token following substantial gains from the recent sale of a Dogwifhat-related physical hat. The sale of the hat, which sold for $792,696 on the Bitcoin ordinal platform Ordcity, has sparked significant interest in the BTH token, with investors anticipating substantial growth in the coming days [2].

The investor, known as Finn, the founder and CEO of the rising token launchpad Bags, purchased the hat using fees associated with a token from Bags, called Buy the Hat, along with some of his own money. Finn's victory in the auction has led to a surge in the BTH token's market cap, which has increased from $1.62 million to $6.37 million in just 10 hours. The token subsequently retraced 25% to $4.76 million on Friday morning, but the overall trend remains bullish [2].

The sale of the physical hat, which was hand-knitted by the owner of an adorable Shiba Inu pup named Achi, has become a symbol of internet culture and has sparked conversations and memes across various communities. The hat's sale is seen as a significant event that has brought together people who share a love for the Dogwifhat meme, further fueling the interest in the BTH token [2].

Investors are now anticipating that the BTH token could experience substantial growth in the coming days, with some traders expecting the token to potentially reach billions in value. The anticipation is driven by the potential for the BTH token to evolve into a sequel to the Dogwifhat meme, which has already spawned numerous "wif hat" related meme coins [2].

The BTH token's recent surge in value is a testament to the power of community-driven projects and the potential for meme coins to generate significant returns for investors. As the cryptocurrency market continues to evolve, investors are keeping a close eye on the BTH token and other similar projects, anticipating that they could provide substantial growth opportunities in the coming days.

References:
[1] https://www.hellenicshippingnews.com/kremlin-aide-says-putin-and-trump-will-meet-in-coming-days/
[2] https://decrypt.co/334226/dogwifhat-knitted-hat-sells-for-800000-to-founder-of-meme-coin-launchpad
[3] https://crypto.news/troll-tokens-price-surge-sees-trader-hit-1300x-profit-in-3-months/