For several investors, 2021 will remain a remarkable year for them, as they record massive gains investing in cryptocurrencies.
Last year, several cryptocurrencies, including bitcoin (BTC) and Solana (SOL), set new all-time highs (ATH), which boosted investors’ profit by a significant margin.
Similarly, the value of non-fungible tokens (NFTs) and Play-to-Earn (P2E) games’ assets also surged tremendously within this period, and gave huge returns to investors.
One crypto investor has taken to popular microblogging platform Twitter to narrate his jaw-dropping story of how he was able to grow his $490 investment in cryoto to a whopping $1.25 million.
Shitcoins Led the Way
The Twitter user, who goes by the username @BastCrypto, noted that his long-awaited breakthrough in the market started with his investment in shitcoins, cryptocurrencies that have no use case or purpose.
According to @BastCrypto, at the early stages, he invested mainly on newly released shitcoins on decentralized exchanges Poocoin and PanCakeSwap following his analysis of the number of holders of the coin on BscScan.
He explained that he only bought tokens that had few holders and was rewarded greatly after his $20 investment in one of the tokens gave a whopping 63,000% profit in just a few hours.
With the rise in rug pulls last year, @BastCrypto noted that the fear of not intending to lose all his profit to this form of crypto scam, he had to convert $15,000 into fiat and also invested the rest in several altcoins, including solana, kadena (KDA) etc.
P2E & NFTs Followed Suit
He continued his 2021 cryptocurrency trading journey into the P2E sector, with investments in Illuvium (ILV) and Star Atlas (ATLAS), among others.
The Twitter user further narrated that his interest in NFTs helped his portfolio value grow to six digits.
Narrating how expensive it was to invest in Ethereum-based NFTs due to high gas fees, @BastCrypto said he opted for non-fungible tokens launched on the Solana blockchain.
He proceeded to mint 10 Solana Monkey Business (SMB) NFTs, which cost $70 for each unit at the time and have grown tremendously in value ever since. He also minted 18 Degen Ape Army (DAC) NFTs, three units each of Aurory (AURY) and ThugBirdz (THUG) NFTs.
While the crypto market has awarded several early investors, many have fallen prey to various scam projects that ended up pulling the rug on them.
In order to be on the safe side, it is imperative that you conduct due diligence before investing in any crypto asset to avoid getting scammed by malefactors who are always ready to prey on unsuspecting victims.
