Solana (SOL) has had an unbelievable in the previous couple of years. The asset took a large beating after the collapse of FTX in November 2022, falling under $10. SOL’s worth has since made an unbelievable comeback, going as excessive as $202 in April this yr.
For those who 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 at present, an increase of over 2737% and a revenue of $1.39 million.
For those who 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 state of affairs, 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 likely one of the greatest and hottest crypto initiatives available in the market. The asset additionally has quite a lot of potential for development.
Monetary establishment VanEck just lately utilized for a SOL ETF. If the authorities approve the SOL ETF, we might witness a large worth rally for the coin. The Securities and Change Fee authorized the Ethereum ETFs final month, which can launch someday in July. An analogous sample might 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 might witness new all-time highs for Ethereum, following the launch of the ETH ETFs. If a Solana ETF is authorized, the asset might hit new highs as properly, and will breach the $1000 mark sooner or later.
