The recent crypto bull market has created many millionaires, some of who started with less than $1,000. Bitcoin has already jumped by over 500% from its 2022 lows, while many smaller meme coins have surged by over 10,000%. One expert on X has shared some of the best crypto trading strategies for traders with $1K, $10K, $100K, and $1M.
Best Crypto Trading Strategies To Make Millions
In an X post, Lynk, a popular crypto analyst with over 158,000 followers, explained how anyone can make a fortune in the crypto market.
For investors under $1,000, he recommends cryptocurrencies that will increase in value two or threefold over a short period. After making their money here, he advises traders to sell about 70% of their portfolio and leave the rest invested. In this case, some tokens will go to the moon, while others will collapse.
Lynk also recommends investing in bigger meme coins if you have between $10,000 and $100,000. These meme coins tend to be less volatile than the smaller ones being pumped. Some examples of these mid-cap meme coins are the likes of Floki, Brett, and Popcat.
Crypto traders with between $100k and $1m should buy big meme coins like Dogecoin and Shiba Inu, while those with $1 million in assets should go for large coins like Bitcoin and Solana.
Crypto With $1K, $10K, $100K & $1M
Cryptocurrency Trading Has Made People A Fortune
Data shows that many people have made a fortune in crypto trading. LookOnChain identified one trader who made a $19 million profit buying Solana memecoin ai16z and $18 million trading Fartcoin.
Crypto Traders Profit
It also identified another trader who made $11.5 million with ai16z, $3.32 million on Griffain, and $1.98 million on Zerebro.
Crypto Profits
The chart below shows that tens of traders made millions buying Goatseus Maximus (GOAT), a crypto token that surged and then retreated. Also, as you can see, most of these profit leaders already sold the token, possibly at the top, leaving many retail investors holding the bag.
GOAT Token Profit Leaders
A key theme in all this is that some of the best-performing tokens are fairly new ones, which Lynk recommended to new traders. While old meme coins like Shiba Inu and Dogecoin generated good returns, their performance did not match those of newer ones.
Another notable aspect of crypto trading is understanding the Wyckoff Method, which explains how assets accumulate, surge, distribute, and then plunge. The last chart above shows that the smartest GOAT traders made their money and sold before the markdown or plunge phase started.
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