Solana (SOL) has had an unimaginable in the previous few years. The asset took an enormous beating after the collapse of FTX in November 2022, falling beneath $10. SOL’s value has since made an unimaginable comeback, going as excessive as $202 in April this 12 months.
Should you had invested $1000 each month since SOL’s debut in March 2020, you’d have put in $51,000 until now. In 4 years, the funding would have grown to $1.44 million right this moment, an increase of over 2737% and a revenue of $1.39 million.
Should you had invested $1000 each month from March 2020 until Solana reached its all-time excessive in November 2021, you’d have put in $20,000. On this situation, your portfolio’s worth would have risen to $1.6 million, an increase of about 7970%.
Can you continue to be a millionaire with Solana?
SOL is without doubt one of the greatest and hottest crypto initiatives available in the market. The asset additionally has quite a lot of potential for progress.
Monetary establishment VanEck lately utilized for a SOL ETF. If the authorities approve the SOL ETF, we could witness an enormous value rally for the coin. The Securities and Alternate Fee permitted the Ethereum ETFs final month, which can launch someday in July. An analogous sample may unfold for Solana.
The SEC’s Bitcoin ETF approval led to an enormous rally for the unique cryptocurrency, which hit an all-time excessive in March. We could witness new all-time highs for Ethereum, following the launch of the ETH ETFs. If a Solana ETF is permitted, the asset may hit new highs as effectively, and will breach the $1000 mark sooner or later.