Don’t get fooled by coins that did a 100x in a week. 99% of the time they’re artificially pumped and end up plummeting back to zero in a couple of days.

While extremely rare to happen, there are only a few instances where a coin organically pulled off a 100x or more in a week or so and ended up maintaining that price.

The majority of these hyper inflated coins are usually pumped by the devs themselves which then triggers an uptrend. You sleep, wake up and realize that the devs dumped on everyone and pocketed all the profits.

That’s what I’ve always been saying. Even in crypto, there’s no legitimate way for “quick profits” unless you’re the one pulling off a scam.

Of course there will always be those lucky 1% that we keep reading about that sold right before a dump in the price or had bought at an extremely low price.

But like I said, these are usually the 1% and the majority of the project investors get screwed. I unfortunately went through this myself and that’s the main reason I only invest in blue chip coins and tokens like Ethereum or ones that are very well backed up like bitdao since they actually have the largest treasury in the market unlike shitcoins that are backed up by community hype.

Moral of the story. It’s very improbable that you’ll make a 100x investing in a new coin no matter all the stories you hear. And if in fact you did, it was a lucky shot.