Ethervista (VISTA) Emerges as a Profitable Protocol, Could Be the New Altcoin for Millionaires

Launched on September 1, Ethervista's increasing traction is due to its unique approach to token launches and liquidity management.

A trader's profitable Ethervista (VISTA) trade has been spotted on-chain by Arkham Intelligence. The trader, with wallet address 0x430, reportedly purchased $5,000 worth of VISTA tokens during the launch, obtaining over 5% of the total supply.

Afterward, the trader divided their VISTA holdings among seven different wallets to sell them. Within two days, the trader realized profits exceeding 130 times their initial investment, amounting to over $670,000. This substantial return follows a 1,447% surge in VISTA's price two days after its launch.

According to crypto analyst S4mmyEth, Ethervista is being touted as an alternative to the Solana-based Pump.Fun platform. In an X post, S4mmyEth stated, “Ethervista is being described as the Pump Fun of ETH.”

Due to the lack of innovation on the Ethereum mainnet, crypto users seeking decentralized finance (DeFi) have found Ethervista to be an attractive alternative. The Ethervista network aims to capitalize on an opportune gap in the market with its innovative Liquidity Provider (LP) and fee mechanisms.

VISTA, the native asset of the Ethervista network, released its Whitepaper on August 31, promoting a fair launch with a liquidity lock of five days. This approach aims to mitigate rug pull attacks, which typically occur within the first two to four days of a project's launch.

Upon launching, VISTA reached an all-time high of $28.80, with a market capitalization of $15 million. At the time of writing, VISTA's market capitalization had risen to $17.9 million, and its price was $18.30, according to data from DEX Screener.

The launch of VISTA follows the introduction of several new altcoins, including Notcoin (NOT), DOGS, SUNDOGS, and others. Launching on The Open Network (TON) platform, DOGS is a relatively new project that has garnered massive hype in the market.

Price prediction for the token remains bullish for the upcoming season.

In other news, the crypto market experienced fluctuations as top cryptocurrencies continue to trade without establishing balance. For example, Bitcoin (BTC), the leading digital asset, has traded sideways within the $58,000 to $60,000 price range over the past few days.

Approximately seven million BTC addresses are currently at a loss, with most coins being purchased between $61,700 and $70,500. At press time, BTC's price was at $58,567, up by 0.67% in the past day. Market sentiment for the coin is bearish, with the Fear & Greed Index indicating Fear.

However, market participants anticipate that the upcoming US Federal Reserve rate cut in September might contribute to ushering the market into the next bull run.

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