{"id":183887,"date":"2023-11-21T23:39:21","date_gmt":"2023-11-21T23:39:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183887"},"modified":"2023-11-21T23:39:21","modified_gmt":"2023-11-21T23:39:21","slug":"crypto-trader-turns-98-into-a-staggering-1-1-million-in-just-90-days","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/crypto-trader-turns-98-into-a-staggering-1-1-million-in-just-90-days\/","title":{"rendered":"Crypto Trader Turns $98 into a Staggering $1.1 Million in Just 90 Days"},"content":{"rendered":"
A cryptocurrency trader that is being followed on-chain for its success has managed to turn around $98 worth of cryptocurrency into a massive $1.1 million in just over 90 days, an achievement that is verifiable on the blockchain and suggests deep market knowledge.<\/p>\n
The transformation of this trader\u2019s wallet from a modest $98 to over $1 million in three months was highlighted in a tweet by the on-chain analyst 0xReflection, which pointed to the trader\u2019s largest successes in the digital currency space.<\/p>\n
The trader, identified by a wallet address starting with 0xad47, invested at specific times in various tokens with small market capitalizations, with the individual pioneering investments in these assets in some cases.<\/p>\n
The most significant gain for the wallet came from ATOR, the principal token of the AirTor Protocol. Since its launch earlier this year, ATOR has seen a meteoric rise of over 7,000%, and the trader was an early investor after buying 600,000 at $0.08 each.<\/p>\n
The gains from this investment were around $900,000, after the token\u2019s price surged to over $1.7.<\/p>\n
The trader also has significant unrealized gains from an investment in the native token of decentralized gaming organization Merit Circle, MC, which it acquired at $0.29. After accumulating 100,000 tokens, the trader is sitting on an unrealized $62,900 profit, but hasn\u2019t sold yet.<\/p>\n
0xReflection also noted that other smart wallets have started investing in MC, suggesting potential growth for the token in the near future.<\/p>\n
The trader also profited from the AllianceBlock Nexera Token (NXRA), which he bought 333,344 units of in June, when its price had dropped after a spike in April. He paid an average of $0.05 per NXRA, and now his investment is worth $17,044 more, as the current price is around $0.11.<\/p>\n
The analyst 0xReflection noted that while the investor has shown good results,\u201d mindless copying of trades\u201d won\u2019t allow investors to make the same returns and could lead to losses.<\/p>\n