In the world of crypto trading, thousands of traders enter with the dream of making millions but end up getting lost in the market’s challenges. However, a few with the right trading strategies and right knowledge often make heavy profits and the best crypto portfolio.
One such investor turned $33K into $12.2M in just 24 days, exciting his peers. However, these strategies vary from person to person and in market conditions. Interestingly, one experienced trader has shared some of his findings, revealing the checklist to make 100x returns.
How To 100X Your Crypto Portfolio?
A crypto trader with a media handle of @PixOnChain at X is a known personality in the crypto industry, gaining more than 52K followers. In one of his recent X posts, he shared his insights on making 100x profits and transforming the crypto portfolio with the right strategies. More importantly, he explained how to hold through these 100x.
How to Actually Hold Through a 100x:
1/12 pic.twitter.com/G9r4JBlQuv
— Pix (@PixOnChain) November 18, 2024
With years of experience in crypto trading, the trader explained that there are three key scenarios to make 100x, but each scenario requires different strategies per their unique challenges. However, it is important to understand that these are his analyses and do not guarantee profits, so the individual should run their own technical analysis before investing.
Turning $100K Crypto Portfolio Into $10M
As per the crypto trader, turning $100K into $10M is the simplest among the three key scenarios, as many tokens attain the $10M market cap daily. He even claimed that such transitions from hundreds of thousands to millions happen fast, even in days. So, the investor only needs to look for the potential token and invest accordingly.
Pix reveals that there are four criteria that an investor needs to consider before investing in any low-cap token to grow the crypto portfolio, including looking for a token with a strong narrative with the already-established trends. Further, the token should have popular crypto whales as top holders, an active community, and a growing trading volume.
Tuning $1M Into $100M With Crypto Trading
The higher the investment, the higher the risk. There is always an additional risk while considering turning a crypto portfolio from $1M into $100M. Pix called this category the tricky one, as it needs a lot of factors to sit perfectly to make that happen. More importantly, he clarified that only one wrong step could stall the whole run.
As per him, if the crypto traders followed the seven-step checklist and invested in the right mid-cap tokens, then could develop the $1M portfolio into $100M. The checklist says to look for a token with the Cult-ish community, where wallets have been holding the coin for at least half of the total time of coin presence in the market. In this way, a crypto whale earned $180M after holding Bitcoin for years.
Additionally, looking for an involved team and market maker is also helpful in this scenario.
More importantly, whale accumulation indicates where all the money is, so it is a significant factor to consider before crypto trading. Last but not least, check for popular memecoins that are either funny or economical and have a potential catalyst, attracting newer people. As a safety precaution, Good Ranging is a must so the coin can defend its breakout levels.
However, much more is needed to ensure the gain, as the investors need to follow one basic principle, which is a clear thesis. The @PixOnChain claims that without this, the investor will quit either at the first dip or after making a modest profit, which is not the goal.
Turning $10M Into $1Billion
Making $ 1 billion in crypto trading is rare but not impossible. Pix says that this category is uncharted waters where only 11 memecoins sit with a market cap above the $ 1 billion mark. He revealed that almost 73% of these 11 are based on animals, especially dog-themed memecoins, which is building their popularity. However, transforming the $10M crypto portfolio to $1B is the hardest as it takes months. More importantly, Pix claimed that the people need to have their roots deep in the community to transform these millions into billions. Lastly, people’s convection becomes a belief system.
The Important Rule of Crypto Trading
Like Pix, many crypto traders believe that the best rule of crypto trading is to invest what someone can afford to lose. The crypto market is challenging and tests its participants on every single turn. Crypto that is blooming with gains today could end in a complete loss tomorrow. This is why only investing 1-5% of the total trading capital in crypto is the right approach. More importantly, instead of following others’ crypto trading strategies, an investor should build their own, per their market knowledge, to ensure safe trades to build a growing crypto portfolio.
The post Trader Explains the Fastest Way to 100X Your Crypto Portfolio appeared first on CoinGape.
