The cryptocurrency market has been nothing wanting a rollercoaster trip for a number of buyers. The drastic highs and lows of the business have both introduced in massive beneficial properties or main losses to buyers. Whereas a number of people panic when property slide all the way down to their lows, a number of others view it as a outstanding shopping for alternative. This text focuses on a dainty funding made throughout Solana’s all-time low a number of years in the past. Did this wager grow to be life altering?
A Look At Solana’s Present Worth
Regardless of its notable development a few months in the past, SOL was seen struggling. The asset has did not retain itself even above the $130 mark. The market expressed considerations after the altcoin dropped beneath the $100 zone all the way down to a low of $96.59. Simply three months in the past, in January, Solana surged to an all-time excessive of $294.33. Whereas the asset was a number of {dollars} shy of $300, the neighborhood was optimistic about SOL claiming this milestone sooner fairly than later. However the altcoin had different plans.
On the time of writing, Solana was buying and selling at $125.35. This got here after the altcoin recorded an enormous drop of 4.90% all through the previous 24 hours.
Revisiting All-Time Low
Solana hit an all-time low of $0.5052 about 5 years in the past within the 12 months 2020. This was across the similar time that the asset made its debut. Solana Labs rolled out SOL in March 2020. On condition that Solana is presently buying and selling at $124.85, an investor who invested $2,000 within the cryptocurrency at its lowest level ever, $0.5052, would now have an funding of just about $494,259.70. This additional marks an increase of 24,613%. As well as, the astounding return demonstrates each the energy of early acceptance within the cryptocurrency business and Solana’s phenomenal growth.
