Invest $1,000 in Solana in January 2021, you will have close to $120,000 when SOL price reaches ATH
If you use $1,000 to buy Solana on January 1, 2021, at $1.80, if you calculate the SOL price at $213, you have close to $120,000 today.
$1,000 invested in SOL in January 2021 worth above $118,000 as price reached ATH
Investors fortunate enough to purchase $1,000 of specific cryptocurrencies would have expanded their portfolio by a margin of 100x in months. And the story today is Solano (SOL). It is currently the sixth most significant cryptocurrency by market capitalization after a monstrous rally.
SOL/USD 4-hour chart | Source: TradingView
The highly volatile cryptocurrency market can produce some dramatic scenarios. For example, placing $1,000 in Solana on January 1, 2021, would be above $118,000 today.
In September last year, a brief look at the landscape shows that the entire market capitalization was roughly $300 billion. Today, it’s over $2 trillion even after the recent market crash that wiped out billions, and it evaporated in just a few hours more than what the capitalization was one year ago.
From under $20,000 to $64,000, Bitcoin’s rise has led several other altcoins to outperform their leaders significantly. Looking at the year-to-date scale, several altcoins have charted incredible returns. Such is the case with tokens like Solana (SOL), Fantom (FTM), Polygon (MATIC), Terra (Luna), Cardano (ADA), and many more. Consequently, it’s worth reviewing what a potential investment in any of these coins could be worth today – a little over nine months later.
Two of the tokens named would have had an ROI of more than 100x – FTM and SOL. Solana, which has taken full advantage of the NFT craze, would have returned nearly $120,000 for the lucky investors that put $1,000 in the token on January 1st.
Solana has joined Ethereum in the $1 million NFT club
Blockchain advisory firm Moonrock Capital acquired one NFTs from the “Degenerate Ape Academy” for 5,980 SOL (roughly $1.1 million).
— Moonrock Capital (@MoonrockCapital) September 11, 2021
Notably, it took Solana only two months to achieve such a milestone, clearly showing how fast its ecosystem is growing. For comparison, it took Ethereum, the current leader in the NFT space, three years to record its first seven-figure sale.
Gulf Stream, the blockchain’s forwarding protocol, eliminates the need for having a mempool, which makes it possible to achieve an impressive 50,000 TPS. Hence, Solana positions itself as the first truly scalable blockchain that can rival Ethereum.
- These Reasons Why Solana Price Skyrocketing, Surpassing Even XRP By Market Capitalization
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