The mentioned currencies can be found in the WEB3 wallet on Binance.
The cryptocurrency trading space continues to make headlines, especially with stories of quick financial success. Recently, a skilled trader demonstrated an exceptional trading approach, amassing an astonishing $140,000 in just 20 minutes. This incident underscores the importance of extensive experience and a comprehensive understanding of the cryptocurrency landscape.
What fueled the trader's success?
According to a report from Lookonchain, the skilled trader used a method that focused on monitoring new cryptocurrency listings on the Binance exchange, a tactic that can significantly boost token valuations. When the $MOODENG perpetual contract listing was announced, the trader quickly acquired a large amount of MOODENG tokens.
How did the strategy work?
Immediately after the Binance listing, MOODENG’s value skyrocketed. The initial investment of $1,300 SOL was converted into $2,109 SOL, resulting in a profit of around $809 SOL, or roughly $140,000. By implementing this strategy on another occasion, the trader also made an additional $17,000 with the listing of the $GOAT contract.
Investments made at the right time before the stock exchange listing can yield huge profits.
Successful trading requires careful monitoring of market trends and making timely decisions.
Market volatility and liquidity must be taken into account to avoid potential losses.
While this strategy may seem straightforward, it requires constant vigilance and careful decision-making. The rapid influx of new cryptocurrencies means that traders must act quickly to take advantage of emerging opportunities. However, the approach carries inherent risks that may not suit every trader, given the changing market conditions.