One NFT and crypto enthusiast shared on Twitter with his followers the news that he made $80,000 profit in trade in one day after initially investing only $1,000. Of course, no one believed him, but the trader shared his story.
The Twitter user was very attentive. Using popular services (such as Unusual Whales, Options, and DATACoin) that show when and how much funds are poured into a particular NFT project or cryptocurrency, he found that on August 3, the American cryptocurrency exchange Coinbase received $ 500,000 from investments.
The trader guessed that this prominent investor would partner with the exchange, and after the public announcement, the price of Coinbase shares would skyrocket. Therefore, it was decided to invest $1,000. At that time, the share price of the exchange was $70.
The next day, Coinbase announced a partnership with BlackRock. The share price skyrocketed, and the attentive trader made $80,000 in just 24 hours.
Predicting market fluctuations over a more extended period, such as a couple of years, is challenging and rarely worthwhile. For example, if a trader had invested in Amazon or Meta precisely a year ago, he would now lose about 20-30% of his investment. Therefore, many use these techniques to predict the market and make huge profits in a short period.
