Crypto trading is a highly competitive market with many challenges, but a few knowledgeable traders can make substantial profits. A trader named PixOnChain transformed $33K into $12.2M in just 24 days, attracting many followers. Pix shared his strategies for achieving 100x returns in a cryptocurrency portfolio.
He mentioned three key scenarios: turning $100K into $10M, $1M into $100M, and $10M into $1 billion. Each scenario requires different strategies, but they are not guaranteed to be profitable. To turn $100K into $10M, the investor needs to find a low-cap token with a strong narrative, popular crypto whales as top holders, an active community, and growing trading volume.
For $1M to $100M, the trader recommends investing in mid-cap tokens that have a cult-like community, an engaged team, a market maker, and popular memecoins with a catalyst. Finally, to turn $10M into $1 billion, the trader emphasizes the importance of deep community roots and investing in animal-themed memecoins, particularly dog-themed ones.
PixOnChain also stressed the importance of having a clear thesis in crypto trading to avoid quitting at the first dip or after a modest profit. He suggested that investors should only risk 1-5% of their total trading capital in cryptocurrency and develop their strategies based on market knowledge to ensure safe trades and a growing crypto portfolio.