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It became known how an inexperienced cryptocurrency owner earned more than $ 300,000 in 2 weeks
Editor’s note: not financial advice!
A small crypto trader who previously traded digital assets worth no more than $ 5,000 was able to earn more than $ 300,000 in profit in just 2 weeks. The main secret of the user’s success is trading in several small-cap cryptocurrencies that experienced high volatility in a short period of time.
Usually, the trader traded in the amount of $ 3000 to $ 5000. In 19 days, his balance grew to $ 362,000 and then returned to $ 275,000, with some ups and downs. This story was brought to our attention by @dealerdefi on the X platform.
In just 19 days, this #crypto wallet went from $ 3.2K to $ 313K
I've been closely tracking him to uncover his secret.
Here's how he did it 🧵 pic.twitter.com/Wz1YZ0Z4bc
— dealer. eth (@dealerdefi) September 17, 2023
According to CoinMarketCap, the largest profit was made by trading with Refinable (FINE), a token with a market capitalization of $ 160,000. On the second day of the token’s listing, the trader made five purchases. This brought him a profit that was almost equal to the total market capitalization of the token.
According to @dealerdefi, the trader bought: 6 billion FINE, earning $ 148,663 out of the $ 29,787 spent. The second largest profit was made by trading the Real Smurf Cat meme coin. The crypto trader earned more than $ 52,000 by buying $ 19,000 worth of tokens.
Trading in cryptocurrencies with low market capitalization and low liquidity is associated with higher risks than trading in well-known digital assets.
In the summer, it became known that a cryptocurrency enthusiast earned $ 427,000 in one month. on June 16, the trader invested $ 942,000 in various cryptocurrencies. In particular, he purchased 71,891 UNI tokens worth $Z12,000 (at an average cost of $ 4.Z4). In addition, he became the owner of 6,71 AAVE tokens for $ 20,000 (the rate fluctuated around $ 50). Finally, anonymous purchased 189,255 LDO tokens worth $ 10,000 (at an average price of $ 1.64).