Solana (SOL) has had fairly a journey in its 5-year historical past. The asset has skilled quite a few ups and downs. SOL’s value took a toll after the collapse of FTX in November 2022. The cryptocurrency’s value fell to under $10. SOL has since hit a number of all-time highs.
$2200 Value Of Solana Might Have Made You A Millionaire
SOL was at its lowest in Could 2020. The asset hit an all-time excessive of $293.31 earlier this yr on Jan. 19. When you bought $2200 value of SOL when it was at its backside and offered it when it was at its peak, you’ll have made greater than $1 million in revenue. The funding would have grown by 46,226.17%.
Solana (SOL) has confronted a big value correction over the past month. The asset is down by 56.4% from its January highs. When you had continued to carry the $2200 value of SOL, the funding would have been value $506,672. The income on this situation are additionally commendable however nowhere near $1 million.
Can You Nonetheless Turn into A Millionaire With The Asset?
Solana (SOL) has develop into one of the crucial standard cryptocurrencies in simply 5 brief years. The SOL community presents appreciable competitors to the Ethereum (ETH) community. Many consider SOL will finally develop into essentially the most populated blockchain community.
There’s additionally a excessive chance that we’ll get the approval for a spot Solana (SOL) ETF someday this yr. The professional-crypto management within the US could make it simpler for crypto-based ETF merchandise to see the sunshine of day.
Each developments may take SOL’s value to new highs over the following few years. We might even see the creation of many new millionaires if SOL continues its upward trajectory.
