Crypto investment strategies to increase profits in this Altcoin season
After hitting the high of the year in March, BTC is rising again at $73,000. Market analysts are talking about the potential of an explosive altcoin season. Experts suggest that you can position your portfolio for this anticipated “banana zone.”
Bee strategy for beginners
A crypto analyst, Bee shares his insights for newcomers with limited capital. He started his journey with Aptos testnet by earning $30,000 from APT airdrop within four months. For those who don't have any money, Bee recommends participating in active test networks like BeChain and BabylonChain to get similar opportunities.
Mainnet Airdrop Farming and Meme Coins
After the initial success, Bee moved to the mainnet airdrop farm, using more than 100 accounts to develop Arbitrum Airdrop. He advises investors with at least $1,000 to look at projects on networks like Base Network, Zora and Hyperlane. Bee capitalized on the rise of meme coins by turning a $10,000 investment on PEPE into a massive $160,000. He recently turned his $3,000 investment in POPCAT tokens into $60,000 and continues to trade meme coins.
No comprehensive portfolio recommendations from BS Crypto.
Adding to the mix, YouTuber “No BS Crypto” offers a structured approach to prepare for the altcoin season. He emphasized the importance of setting clear goals, adopting a risk-averse mindset, diligently monitoring transactions, diversifying investments in promising crypto narratives, having a specific exit strategy, and using a disciplined dollar cost averaging method.
Explore Venture Capital Backed Altcoins
Interestingly, Miles Deutscher, another YouTube user, suggests looking at VC-backed altcoins that have recently underperformed but are poised to recover. He believes that tokens such as LayerZero (ZRO), zkSync (ZK), Athena (ENA), StarkNet and Aethir (ATH) offer strong short-term trading opportunities due to their strong use cases and support despite recent price volatility.
Each expert offers a different perspective on maximizing profits during the altcoin era, so consider these strategies based on your investment goals and risk tolerance.
