The cryptocurrency market has been known to be volatile, but for one, SmartMoney has proven to be incredibly profitable. This savvy investor has made a staggering $3.84 million trading in cryptocurrency, specifically with the famous meme coin Shiba Inu (SHIB).
SmartMoney initially bought 133 billion $SHIB in April 2021 for $224,000. They then transferred these coins to Gate.io on May 7th and 9th, and if they had sold these coins at the time of transfer, they would have made a profit of $1.13 million. However, they decided to hold onto their investment and waited for the right opportunity to sell.
SmartMoney continued to invest in SHIB, bought 49 billion more coins in July 2021 for $417,000, and then transferred them to Gate.io and KuCoin on October 28.
If they had sold these coins at the time of transfer, they would have made a profit of $3.36 million, a significant return on investment.
SmartMoney’s ability to spot profitable investment opportunities in cryptocurrency is impressive. The meme coin market has proven to be incredibly volatile, and investing in it requires a keen eye and a willingness to take risks.
However, this investor’s success demonstrates that significant returns on investment are possible with careful analysis and a bit of luck.
Overall, SmartMoney’s account highlights the potential of the cryptocurrency market and the significant profits that can be made with the right investment strategy.
It also shows the importance of diversification and the need to stay up-to-date with market trends to identify profitable investment opportunities.
