Catch your next 1000X — Crypto and Narratives strategy
Well ! Who doesn’t need some 1000X. We all do. That’s why we need to be active in cryptocurrency space.
In this space, It is very good to be very early to a hype and narratives.
This way you can make your self a lot of money.
Let’s go back to 2020 –2021 which was still around the last bull run.
During this time there were lots of opportunities to make money if you took action by being early to certain projects.
Some of the narratives during this time was Memes, Rebase, Bsc tokens , Shit coins, metaverse and Play 2 earn.
Now the key idea here is to get ahead of others.
The first meme coin that took the first attention was Doge coin, which suddenly caught attention of investors, most especially when Elon musk tweets about it.
The key here is not about catching some bucks on Doge coin. It’s about looking for relative narratives. During this time lots of tokens with Dogs Meme begins to come out. If you were early you will catch lots of 10X — 1000X on each tokens.
There comes the popular known Shiba Inu, Baby Shiba and Flokin Inu. During this time we see ElonDoge and lots more fly to the moon.
So, Narratives is a Very good factor. Rebase was a type of token utility that caught Investors attention and social engagement. This where you know things get interesting.
In my future post / article I will drop certain tools that can be useful for this. Examples are Lunar crush and De-Fi Lama.
The first popular Rebase token was XBT (Elastic Bitcoin) which went as high from less than a dollar to the price of Bitcoin before dumping after few months.
During this period we see lots of Rebase tokens a very good one such as Ever grow which did Upto 1000X.
That’s was a lot.
Doing due analysis on this tokens are necessary. There are also Rugs and Honey pot tokens. Look for the solid teams behind this projects to prevent running into scams.
So, Narratives have also proven to be effective during this bear season. Narratives such as AI tokens, Telegram Narratives, NFTs, Layer 2, Ethereum Killers, etc..
We can see the growth of AI tokens such as Fetch.AI, Singularity, Render token among others. There were hype going on for days before the rise of this tokens, If you were more informed to narratives you would have gotten early.
The catalyst behind this was also the adoption of ChatGpt, Google Bard and Artificial Intelligence. This narratives will most likely be one of the catalyst for this next bull run.
There are lots of proof that narratives is one of the best way to make money and get in early before anyone does.
We can see example in pepe. This tokens doesn’t have any narratives behind their sudden Bullish move. But their hype produce some narratives. This are always dangerous move when trading hypes.
This is where Degen traders come in. They trade hypes and Narratives. Tokens like Baby Pepe and Bob are hyped tokens due to Pepe hype all around.
They are never considered narratives. The narrative behind the hype Is “Meme”. So during this time you can also watch for memes with good team and projects to buy.
It’s safer to trade narratives than the hype
Getting in after lots of hype isn’t a good option.
What makes narratives different from Hype ?
Narratives are events and catalyst behind hypes
At the time of writing, Shibarium project Is a narrative but not a hype. When it launches you might want to get in before the hype.
I will be buying the first Meme that builds on Shibarium network, if Shibarium project will be a successful launch. “Not A Financial Advice”
Here is how to catch your next 10000X. Don’t Miss out. I might be dropping tokens and narratives in the near future.
Follow me and Clap for this article. Pls, don’t hesitate to drop a comment or questions. Always happy to help.
Always know that trading is risky. Using minimum amount you are ready to lose is always the best idea .
Trade Safe and clap for this story if you find it educating.
