According to PANews, crypto researcher ardizor has managed to increase his assets from $4700 to $2.1 million within a year, not through BTC, ETH, MATIC, AVAX, or MODE, but by trading altcoins. This article shares his insights on how to trade altcoins effectively.
Altcoin trading does not require complex strategies, but relies on key factors such as understanding the psychology of the crypto market, tracking insider wallets, identifying undervalued projects, and understanding the principles of crypto security.
In the crypto world, emotions drive everything. The psychology of people is constant, and market patterns are always repeating. The best time to buy is when the market is in a state of fear. Many people realize this, but when fear dominates the market, people tend to sell, and only buy back when greed takes over. Recognizing this pattern and going against the flow can potentially generate huge profits.
Understanding insider trading is also crucial. For instance, a wallet bought into HAMMY immediately after its launch at a price of $1500, and then cleared at a price of $170,000. This could be an insider's wallet rather than a random trader's. The question is, how did this person manage to buy in before an unexpected surge when there was no positive news about the project in the market? The answer is insider information.
To find these hidden insider wallets, one can visit dexscreener.com, look for popular tokens in the past 6 or 24 hours, click on top traders, search for early trades, and copy the wallet address. For better results, consider filtering wallets with earnings of over $500,000 and a win rate of 60%.
To discover potential coins before others, visit CoinMarketCap or Coingecko, choose 10-30 tokens of interest from your favorite field, and visit dropstab.com to view important information such as project investors, Twitter followers, and financing data.
Finally, verifying the security of the token contract is crucial. This habit will protect you from potential scams, rugs, and honeypots. Two commonly used validators that might be useful are rugcheck.xyz for SOL and coinscan.com for EVM.