Welcome back,
In today's blog we will talk about how we can make 30-50X in the upcoming bull market. I am not a financial adviser so make sure you do your own research and also if anyone thinks that 30-50X is not possible or if only possible through meme coins then they will be proved wrong today.
In last few months we have seen coins giving returns at 10,20, and even 30X. Take example of ordinals, it skyrocket to a price of $60 and I saw it trading at $2 for quite a good amount of time.
We all saw Solana, Rune, and other tokens from the past giving 5-10X in last one year but what I want to talk about is the big picture here and that is where we hunt for the 30-50X portfolio. Let us discuss about how we can do this for our portfolio.
Learn about what is in the demand
We just talked above about ordinals and do you know how they have given 30X already? It's because that is what the demand is in current market. When people heard about ordinals connected to bitcoin and when they saw the hype and development going on with it they started showing interest in that topic.
You might not know this but initially the first few tokens on ordinals even gained around 1000X and when I say that I really mean it because I have seen it with my own eyes. People were minting different coins that pumped insanely because of the hype it was able to gather.
So what do we understand from all this? We must go with the trend and adopt to coins that are well suited with the trend of the market.
For the current market AI, RWA, gaming, SocialFi are few of the trends and for we are all lucky as we are all by default part of socialfi in the form of being engaged here at inleo as well as on hive blockchain.
Search for what people are adopting to
So, the second thing in to look at is what people are actually adopting to. For example layer 2 solutions like Optimism and Arbitrum are already hyped up and people already expect them to outperform in the next bull market which for readers information will going to be their first Bull season appearance.
Now it is quite easy to buy OP or ARB but do you know what is even more rewarding? I will tell you.
Search for the projects running on ARB or OP or any other layer 2 solution that is helping the industry with current blockchain problems. We will take the example of GMX which is a Decentralized Perpetual Exchange built on top of Arbitrum network.
GMX is currently trading at $53.72 but the market cap is less than 500 million dollars. You might be amazed to know the fact that GMX exchange was ahead of Uniswap in terms of total fees and trading volume when last one week data was analyzed by the experts.
Do you know what that means? It means people are already using it more than that of UNISWAP which in my opinion is already one of the best when it comes to the different decentralized exchanges available in the market.
With that said I think GMX can perform good in the next bull run provided that it has the two of the advantages already with itself.
The Trend : No doubt that if Arbitrum rises the other projects related to it specially GMX which is one of the top project will excel extra ordinarily.
The Adoption: It also has the adoption that in my opinion is even more important factor to put our faith on a project.
So, with both these benefits and with already being able to leave uniswap behind in terms of the trading volume and fees burnt. Also in last three months this token has raised by 80% and that is not bad, something we all can consider as another good factor.
Conclusion
In conclusion, I think that a 30-50X portfolio requires a lot of risk but with projects like GMX where user adoption is increasing and where it is already under the huge trend named Arbitrum, we all can at least take some chance on this one. Remember that I am not a financial adviser, and any decision readers make here are only made after doing proper research.
I will buy this soon, I am waiting as I think the market can retrace a bit and I am planning to accumulate some of it between $40-50 price range. Even if you are planning to buy this coin kindly do no enter with all your money at once and do that in portions.
Thank You