Bitcoin has achieved a new ATH of $81k, pushing the crypto market toward bulls and crypto traders toward new profits. This happened with the major cryptocurrencies gaining a new bullish trajectory, and many even hit new all-time highs. After pairing the market conditions with the right crypto trading strategy, a trader made $3M in just 1 hour, impressing his peers. With this, he has highlighted the market’s potential and how profits are there for the one who looks.
Trader Made $3M In Crypto Trading With New Listing Strategy
Regardless of the impressive technology and decentralization, people are more attracted to this industry for crypto trading. This is because they have witnessed others making profits. A similar example is this crypto trader, who has made millions in just an hour since he followed the new listing trading strategy.
The Lookonchain post states that a trader made $3M in just an hour as he monitored the Binance listing for $ACT token. Moments before the listing, he spent 1,558 $SOL, worth around $318K, and bought 10.9M $ACT.
A savvy trader has made over $3M in just 1 hour by monitoring #Binance‘s new cryptocurrency listings!
Seconds after #Binance announced the listing of $ACT, he spent only 1,558 $SOL($318K) to buy 10.9M $ACT, now worth $3.4M!https://t.co/qvizsWR4kn pic.twitter.com/3DwrvVGjX2
— Lookonchain (@lookonchain) November 11, 2024
Interestingly, his trading strategy worked, as his $ACT holding grew to $3.4M after the listing hyped up its price. With that, the trader must have bought the token when its price was just $0.02 and sold it when the price was ten times higher than before. The same 10.9M would have been worth $3.76M at the time of reporting, as the $ACT price has grown to $0.3455.
What is a New Listing Strategy and Does It Work?
The new listing trading strategy is about tracking an exchange token listing and buying the token before the listing goes live. It is a simple and effective approach, as it focuses on the exchange listing-driven hype. Every time a popular exchange lists a particular crypto, investors flock to buying and crypto trading, which increases its value. So, if the crypto trader timely bought this listing token, they could make significant profits.
However, it is not entirely simple, as the investor should check out all major and popular crypto exchanges and their listing. More importantly, it requires timely investment in those tokens (even before the listing goes live), monitoring the prices past the listing, and selling before the hype ends and the price declines again. This can make it challenging, as timing is everything here. However, this crypto trader succeeded with that, making $3M in 60 mins.
Another investor made $140K in just 20 minutes following the same trading strategy, proving that this secret technique works.
What Is In There For You?
This crypto trader’s achievement of making $3M in such a short time confirms the profitable nature of the crypto market and the success of this crypto trading strategy. However, such incidents do not happen often or require high efforts to place the right time trade. Not to forget, this particular strategy does not work for every trader, so an individual should look for something that suits their skills and time. It is perfect for experienced investors who are aware of market trends and how investors would react to new listings. Regardless, the ongoing crypto market selloff is an investment opportunity, as many popular cryptos are declining after earlier rallies.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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