How Ignas Achieved Hundredfold Returns by Rolling Coins Without Investing in Fiat Currency for Years?
DeFi researcher Ignas has proposed six strategies for finding hundred-fold returns in the cryptocurrency market. He claims that since 2020, he has not invested any fiat currency but has seen his portfolio increase a hundredfold. How did he achieve this?
Contents:
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Chasing KOLs’ Token Launches is Not a Path to Wealth
1. Nansen: Finding Low-Cap Gems
Finding Tokens
Further Analysis
2. Kaito: Finding Narratives and Smart Money
3. New Projects with a Story
Focus on Original Protocols
Earning Hundredfold Returns with Ordinals
4. Participating in Token Sales
5. Memelord Dune’s Data Panel
6. Two Ways to Participate in Airdrops
Chasing KOLs’ Token Launches is Not a Path to Wealth
The goal of this bull market cycle is to find hundred-fold targets, as even if the market experiences temporary downturns, the returns will eventually reach a hundredfold level.
However, many people are currently searching for hundred-fold tokens in a foolish way, by participating in KOLs’ token launches with SOL. This carries even higher risks than traditional gambling, as the rules of traditional casinos are often clearer than those of participating in KOLs’ token launches.
In fact, I have not invested any fiat currency in cryptocurrencies since March 2020, but my portfolio has increased a hundredfold. I continuously adjust my portfolio and earn income through airdrops without investing any US dollars for the past four years.
While you may hope to earn a hundredfold return with one investment, I would rather provide some strategies that increase your chances of achieving a hundredfold return, rather than blindly following KOLs.
1. Nansen: Finding Low-Cap Gems
Finding tokens with a market cap below $10 million is a fast way to achieve a hundredfold return. How to find them? KOLs often promote projects with money, but I prefer to rely on on-chain data for decision-making.
Data platform:
Nansen
It requires a monthly subscription fee of $99 for the Pioneer plan. I like to use the “Token Screener” to find out which newly deployed tokens the Smart Money has bought (7-14 days).
Here are a few steps:
Finding Tokens
On Nansen, follow these steps:
Go to Token Paradise
Click on Token Screener
Choose “On-Chain Indicators”
Sort according to personal preferences
The image below shows tokens deployed within 7 days, and I prefer projects with an increasing number of holders as the trading volume grows.
Further Analysis
This case study is about MDAI, which ranked first in the above image. Check the following:
Find MDAI on Coingecko and Twitter, check the official website, and judge for yourself if it is worth paying attention to.
Check the concentration of holders and whether Smart Money is involved in trading.
Check the atmosphere of the Discord/Telegram community.
Who is participating in the Twitter community and who is following the official account?
Who are the investors, and what is the unlocking schedule?
Overall, this process is not easy, and you have to repeat it for other tokens on the list as well.
The success of my trading using this method is mixed, with gains outweighing losses, but I have not achieved a hundredfold return yet. I spend more time writing content and searching for airdrops rather than chasing hundredfold tokens. However, I believe that the on-chain information from Nansen’s Token Paradise is better than the recommendations of Twitter KOLs.
2. Kaito: Finding Narratives and Smart Money
Kaito is my recent favorite tool. It scans Twitter tweets and identifies tokens that receive relatively more attention.
(Note: Kaito also requires payment and integrates more features similar to ChatGPT compared to Nansen.)
Kaito AI can assess market sentiment, Twitter engagement, and even participation on Discord. It can also search all internet information to summarize protocol functions and related updates, saving time on reading documents, Discord, Twitter, and DAO.
Kaito’s “Smart accounts” are one of the simplest ways to find hundredfold tokens. Usually, I observe which accounts the Smart Money is interested in within 7 days.
I asked Sandra, who recently joined Kaito AI from Nansen, and she said this combination of on-chain and off-chain analysis is feasible. Observing the discussion heat of a token and matching it with the on-chain capital flow of Smart Money.
The problem is that Kaito is not cheap, with a monthly subscription fee of up to $833. This article is not sponsored by Kaito or Nansen. I use both tools myself, and the strategies I will introduce next are free.
3. New Projects with a Story
This is my favorite strategy. Occasionally, the market presents projects that are different and change the trajectory of an industry. The uniqueness of token economics can drive the industry forward and initiate a brand-new crypto field.
Discovering such innovations may seem simple, but it can become difficult due to personal biases. When new hot things emerge, the community may not be interested or may even reject them completely because they are not worth any attention. That’s why having an open-minded approach and being willing to try all popular and controversial things can increase your chances of finding hundredfold tokens.
It may not be a token; NFTs are the most prominent examples of zero-to-one innovations, with Punks and BAYC being the most successful cases.
In token economics, zero-to-one new projects include:
Curve (CRV)
Nexus (NXM)
Ampleforth
Olympus DAO
Synthetix (SNX)
Yearn Finance (YFI)
Compound Finance COMP
4. Focus on Original Protocols
Successful protocols often have many imitators, but I believe hundredfold returns come from the original protocols, which have the following characteristics:
Look for technological innovations that didn’t exist before.
Look for communities: Does anyone care about it? Even having a large number of critics is a good sign.
Look for chaos: New things can be confusing because they challenge conventional ideas.
The latest example is Ordinals.
Earning Hundredfold Returns with Ordinals
Thanks to Ordinals, my returns have actually come close to a hundredfold. I bought Nodemonke for 0.03 BTC, and now it is priced at 0.75 BTC (25 times). But I have also received multiple airdrops because of holding it, such as RSIC and Runestone.
I believe the next hundredfold token will come from the Rune protocol. Are you ready to take all actions to chase the hundredfold wave when it launches after the Bitcoin halving? Will you study the Bitcoin ecosystem and how the Rune protocol works? If you really want to achieve a hundredfold return without gambling, you need to put in effort.
5. Participating in Token Sales
Crypto Nova introduced me to the world of token sales.
I have never been interested in ICOs as they require a lot of effort to get on the whitelist, and usually, token allocations are low. But she changed my view on token sales.
She said, “In a raging bull market, nothing is more profitable than token sales. It may have a high entry barrier for retail investors, but they can participate through Launchpads and similar methods. Although it still requires a fierce competition, the profits are top-notch.”
In the daily market, it is difficult for a token to have a 500% increase, as it would require eating up all the limit orders in the order book. However, token sales can have a 1,000% increase in a single day. In recent bull markets, some token sales even had 50 to 60 times returns.
This doesn’t mean you can immediately sell and make a 40 times return. Usually, the projects have lock-up periods, and around 25% of the allocation can be sold immediately, which is about 10 times the initial investment.
Crypto Nova shared her insights and information on token sales early this year.
6. Memelord Dune’s Data Panel
Since Nansen and Kaito require payment, I want to provide a free data panel created by the master of Dune, Crypto Koryo: Memelord.
Crypto Koryo pointed out that in the relatively longer trading cycle of the crypto field, it is easy to achieve 2 to 10 times returns. But if you want a hundredfold return, you need to narrow down the assets you trade.
He believes that the following two free charts contain most of the information about hundredfold tokens:
Newly launched tokens traded by degens
The top 100 degen tokens traded by degens
Crypto Koryo also reminded of a few points:
Don’t sell too early. If you get a hundredfold token early but always sell at five times, you will never earn a hundredfold return.
Risk management: Many tokens can go to zero; the risk is extremely high.
Focus: This is the only niche area. Ignore the noise of the crypto community and focus on it, constantly improving and being patient.
Lastly, although airdrops have been a long-standing marketing strategy, I still want to emphasize two airdrop strategies:
Liquidity mining airdrops
Participation-based airdrops
I have been optimistic about liquidity-backed tokens (LRT), but if you don’t have ETH to stake, you cannot receive a large number of airdrops. In that case, I recommend looking for participation-based airdrops, where even a small capital can qualify you for a large airdrop distribution.
This includes cross-chain bridges (e.g., LayerZero), oracles, L1 or L2 solutions, actively participating in protocols’ early stages using testnets, and earning “early member” NFTs.
Participating in airdrops requires effort and perseverance, but if you start with a small investment portfolio, airdrops are your way to achieve a hundredfold return.
Kaito
Launchpads
Memelord
Nansen
Nodemonke
Runestone
Further Reading:
Binance Under Pressure, Assets Devalued by $1 Billion After Settlement with US Department of Justice
Insights from Nansen CEO: Which Crypto Areas Are Worth Paying Attention to in the Next Market Cycle?
