DeFi Princess
DeFi Princess

@defiprincess_

15 Tweets 196 reads Aug 20, 2022
How I turned $5 to $2000 in less than 1 month of trading DeFi as a ๐—•๐—ฒ๐—ด๐—ถ๐—ป๐—ป๐—ฒ๐—ฟ:
If you read this tweet, this is just a summary
Read on if you want to know EXACTLY how I did it
So my DeFi journey began last year January.
So why didnโ€™t I make money until a year had passed ?
No, I wasnโ€™t a late bloomer
I was just NOT interested
Until August came โ€ฆ
Sometimes you need to meet people who are already doing what you dream of to KNOW what you actually want
I met people who started making money in their first monthโ—๏ธ
I finally got my motivation
So I funded my $5 and chose to finally START!
I used 3 sites. Hereโ€™s how:
COINGECKO
In fact I breathed the site.
coingecko.com is a tool used majorly to track newly created tokens with their real time charts
There are so many ways to make a killing on this site.
Here are the things I used:
๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต๐—ฒ๐˜€
You might be late but youโ€™d get some percentage
In December, the market was still green and I was able compounded %โ€™s daily
โ€ข Go to coingecko.com
โ€ข Click on the search bar
โ€ข Pick a token and look at itโ€™s past price action
๐—ง๐—ผ๐—ฝ ๐—š๐—ฎ๐—ถ๐—ป๐—ฒ๐—ฟ๐˜€
These top gainers are usually tokens that have been doing well for a while but are undiscovered ๐Ÿคซ
If you want to realize cool gains
Research the tokens on the top gainers list and look for bullish news. E.g. a staking reward day or a listing on a CEX
DEFILLAMA
defillama.com is a site used to track Total Value Locked in a DeFi protocol
Total value locked means money locked in a protocol
So when you know where the money is going you know what youโ€™re supposed to buy
Works like magic every time๐Ÿ”ฅ
Hereโ€™s how:
๐—ง๐—ต๐—ฒ ๐—›๐—ผ๐—ฟ๐—ถ๐˜‡๐—ผ๐—ป๐˜๐—ฎ๐—น ๐—ง๐—ฟ๐—ถ๐—ฐ๐—ธ
Switch your phone to the horizontal mode to see all features
1. Click on โ€œAllโ€
2. Pick an ecosystem of your choice
3. Look for green % in the last 7D & 1M
4. In this case @mycelium_xyz & @muxprotocol (MCDEX) are doing well
#ALPHA ๐Ÿ‘€
๐—”๐—ป๐—ผ๐˜๐—ต๐—ฒ๐—ฟ ๐—ต๐—ฎ๐—ฐ๐—ธโ€ฆ
While still on horizontal mode, make sure your search is on โ€œAllโ€
โ€ข Click on the โ€œ1M changeโ€
โ€ข Find the one with the โ€œlargest percentageโ€ and has at least $500k in TVL
โ€ข In this case: Agave, Railgun and Clearpool
Thatโ€™s not all โ€ฆ
๐—™๐—ผ๐—น๐—น๐—ผ๐˜„ ๐˜‚๐—ฝ!
Click on Agave to show you a briefing about it
Here you know whether or not to invest in it as a price action investor for quick or fast flips
Info found:
โ€ข Lending protocol
โ€ข Aave fork
โ€ข Passive Income Rewards
Simple! Iโ€™m ready to buy/ prov liquidity
๐—œ๐—ณ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐˜๐—ถ๐—ฑ๐˜† ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜‚๐—ฝ โ€ฆ
Use dexscreener.com
It gives you a real time chart of what is truly going on
See an Agave & a cpool chart
With a steady increase in TVL follows is Price action
As seen from above
By the time you find it the projectโ€™s price action would have taken a hit
So to counteract this you need to make it a habit of checking defillama, dexscreener & coingecko EVERYDAY to notice these things early.
Happy pumps
@OssyWaya__x is a degen trader and he can teach you more on this
- Find him
- Follow him
He taught me lots
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