Ever since Donald Trump’s win in the US election, the crypto market has been witnessing a bullish status, with many crypto traders coming forward with millions in profits. Though this has happened even before, the number of successful crypto trading incidents increased gradually, confirming the positive impact of these macroeconomic events on the market. One trader recently amazed his peers after transforming his $1.1K crypto portfolio into $1.82M in just 20 days, bringing a 1,654x return to his initial investment.
Crypto Trader’s Profitable Journey Began With URO
Amid the millions of cryptocurrencies, a crypto trader identified immense potential in the URO token twenty-one days ago. Even though the token is relatively unknown, the trader invested 4.35 SOL, equivalent to $768. With that, he bought a 16.44 URO token, which was the right decision, as the token grew exponentially.
In just 20 days, the $800 worth of tokens grew into $523K, making a big return on the investment. To many, it was mere crypto trading luck, but the way the crypto trader swapped all his memecoins, it is more of a strategic move. With that, the trader has made a 714X return on his $800 investment, that too, in a newly launched memecoin.
In just 20 days, this trader’s wallet grew from $1.1K to $1.62M, a 1,473x return!
20 days ago, this trader spotted $URO.
He spent 4.35 $SOL($768) to buy 16.44M $URO and swapped all #memes into $URO.
He currently holds 16.78M $URO, worth $572K, and the cost is only $800.
16… pic.twitter.com/aknURQ7v5K
— Lookonchain (@lookonchain) November 17, 2024
However, that was not all, as the Lookonchain X post reveals further investments that helped the investors grow their crypto portfolio.
Building The Profitable Crypto Portfolio With RIF
With more strategic research, the crypto trader again invested in trending crypto, RIF. Around 17 days ago, he invested 1.8 SOL, worth around $300, and bought 11.85 RIF. Even in that, he sold 1M RIF after its market value grew exponentially and made 94,335 USDC. This crypto trading decision changed his crypto portfolio. At this point, he has made $617,335 with URO and RIF, but there is more.
To this day, he is left with 10.84M RIF, which is worth $12.65M. The token price has grown to $0.1167 after an almost 15% surge over the week. With that, his $1.1k investment turned to $1,882,363, making a profit of $1.88M in 20 days.
Possible Crypto Trading Strategies Behind This Achievement
Crypto trading offers immense profit-making opportunities, but it is not entirely simple. The market is complex, and various factors determine the asset’s value. As a result, crypto traders must understand market trends to build successful trading strategies. The crypto investor turned his $1.1K into $1.8M with the right strategy only.
Based on his trade records, it is clear that the trader researched the market and discovered potential cryptos. Even so, he has invested small amounts in the right tokens, which have a high return potential. More importantly, he entered and exited the trade at the right time, when the value was low at buying and high at selling.
Last but not least, he diversified his crypto portfolio with tokens that brought high returns. Here he made 715X returns in URO and 3,503X returns in RIF. Interestingly, a crypto whale earned $180M at the same time, indicating the market’s bullishness.
The post $1.1K to $1.82M: How a Crypto Trader Achieved It in 20 Days? appeared first on CoinGape.
