The cryptocurrency space is full of rags-to-riches stories. Countless early investors have made millions of dollars in just a few days. The trick is to be on the lookout for the next explosive token. Recently, one trader turned $300 into $1.03 million in just ten days. The return translates to a growth of about 343233%.
According to cryptocurrency analysis firm LookonChain, the trader noticed that tech billionaire Elon Musk had changed his X profile to “(CTO) Chief Troll Officer.” Seeing this, the trader withdrew 4.313 ETH, worth around $10,113, from Binance and purchased 19.37 trillion $TROLL tokens for 4.3 ETH. The trader sold 9.37 trillion $TROLL tokens for 5.318 ETH, worth around $12,467, recovering the initial investment. The trader currently holds 10 trillion $TROLL tokens, worth about $1.03 million.
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How to be a millionaire in the cryptocurrency space?
To make it big in the crypto space, a trader has to be aware of every little detail in the market. For example, the trader who turned $300 into $1.03 million saw that Musk changed his profile to “(CTO) Chief Troll Officer.” The trader quickly thought that the crypto token called $TROLL might skyrocket. Musk’s posts often affect cryptocurrencies. Dogecoin (DOGE) and Floki (FLOKI) prices respond to posts or comments by Musk.
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Moreover, being an early investor often leads to significant returns. Early investors of Shiba Inu (SHIB), who got into the project in August 2021, saw returns of many million percent. Even early DOGE investors saw heavy returns.
The trick to making it big in cryptocurrency is to be aware and quick. A trader must know what projects are launching and what potential they have.
Another key skill is knowing when to sell. If you keep holding, the token’s price may crash.