How I Earned 35% Profit Trading on Tribal DEX in One Month
Greetings to all the readers here
Last month, I was exploring some of the HIVE ecosystem tokens, and that is when I came across one of the tokens named Helios. It caught my attention because its price was fluctuating a lot.
So, I thought there might be a chance to make some profit by investing in it. I decided to invest a small amount of 4.16 HIVE tokens to buy 7 Helios tokens at that time. You can see my transaction history in the screenshot below.
My order was luckily filled within just two days, but I only revisited my HIVE Engine account today and noticed that the order had already been completed. When I checked the market for Helios, I saw that the price of one Helios token was now 0.83 HIVE, while I had bought it at 0.59 HIVE. That means I am actually in profit by around 35% in just about a month, which is quite good.
I know the market liquidity is low for this token, so it is not a token where you can invest a large amount. That is why I cannot say you could invest $ 1000 and make $350 profit on it, even if you invested a month ago. The liquidity is lesser, so you can only trade with small amounts. But still, it feels great because I am going to sell it now, and I will be making a profit of about 1.4 HIVE.
In the screenshot above, you can see that my 7 Helios tokens are now worth 5.6 HIVE tokens. The number may not look big, but the profit percentage is really good. While checking the market today, I also noticed that the top two trending tokens on Tribal DEX were Surge and Leo Token, both from our favorite platform, Leo.
That is really impressive, and when I looked deeper into the Surge token, I saw that around 1,66,000 HIVE token volume was generated in the last 24 hours.
That is amazing, and it made me think that I should buy this token immediately before it is too late. Maybe the HIVE tokens I will get from selling Helios will be used to buy Surge. I am also planning to transfer some of my HIVE tokens from my wallet to Tribal DEX to buy Surge soon.
If you do not have Surge tokens yet, I would suggest you do a little research on it and consider buying some.
Thank you.
Posted Using INLEO
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