Altcoins with High Potential During Bullish Periods
Altcoins with low market capitalization often attract the attention of crypto investors during bullish periods in the cryptocurrency industry.
Recently, Look On-Chain, an on-chain data provider, publicized a crypto trader’s impressive profits from the altcoin named SORA. This trader managed to make over $150,000 with just a modest investment of 0.07 ETH (equivalent to $198).Trader’s $150K Profit Strategy
According to Lookonchain, the trader bought a substantial 16 million SORA tokens for 0.07 ETH ($198) and paid a transaction fee of 0.01 ETH. When the cryptocurrency market witnessed an upswing, the trader sold most of their SORA holdings, raking in 39 ETH (approximately $110,000).
Concerns Over SORA Authenticity
Adding to the SORA saga, a new cryptocurrency with the same name has surfaced on the Solana network, raising authenticity concerns.
A user raised questions regarding the legitimacy of the Solana-based SORA, claiming that the group behind it made significant profits, raising complex and potential risks with emerging cryptocurrencies.
This success story not only highlights the potential gains in the cryptocurrency market but also underscores the importance of strategic decision-making and timing.’
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