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 keep an eye out for the next explosive token. Recently, a trader turned $300 into $1.03 million in just ten days. The return translates into a growth of around 343233%.
According to cryptocurrency analytics firm LookonChain, the trader noticed that tech billionaire Elon Musk had changed his X profile to โ(CTO) Director Troll.โ Seeing this, the trader withdrew 4,313 ETH, worth around $10,113, from Binance and purchased 19.37 billion $TROLL tokens for 4.3 ETH. The trader sold 9.37 billion $TROLL tokens for 5,318 ETH, worth around $12,467, recouping the initial investment. The trader currently holds 10 billion $TROLL tokens, worth approximately $1.03 million.
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How to be a millionaire in the cryptocurrency space?
To succeed in the crypto space, a trader must be aware of every small detail of the market. For example, the trader who turned $300 into $1.03 million saw Musk change his profile to "(CTO) Director Troll." The trader quickly thought that the crypto token called $TROLL could skyrocket. Musk's posts often affect cryptocurrencies. Dogecoin (DOGE) and Floki (FLOKI) prices respond to posts or comments from Musk.
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In addition, being one of the first investors usually generates significant benefits. Early Shiba Inu (SHIB) investors, who entered the project in August 2021, earned returns of many millions of percent. Even early DOGE investors made huge profits.
The trick to success in cryptocurrencies is to be aware and fast. A trader must know what projects he is launching and what potential they have.
Another key skill is knowing when to sell. If you continue to hold the position, the price of the token may fall.
