Solana (Sol) has traveled quite a bit over the course of five years of history. Assets have experienced many ups and downs. Sol’s prices were sacrificed after the collapse of FTX in November 2022. Cryptocurrency prices fell below $10. Sol has since hit multiple all-time highs.
Solana worth $2,200 could have made you a billionaire
Sol was at its lowest in May 2020. The assets reached an all-time high of $293.31 on January 19th this year. When I bought $2,200 worth of SoL at the bottom and sold it at its peak, it made more than $1 million in profits. Investments would have increased by 46,226.17%.
Solana (Sol) faced a major price correction last month. Assets have fallen 56.4% from their January high. If they had kept SOL worth $2,200, the investment would have been worth $506,672. The benefits of this scenario are also commendable, but not near $1 million.
Can you still be a billionaire with assets?
Solana (Sol) has become one of the most popular cryptocurrencies in just five years. The Sol Network presents considerable competition with the Ethereum (ETH) network. Many believe that Sol will ultimately become the most populous blockchain network.
It is also likely that it will receive approval for Spot Solana (SOL) ETF within this year. The leadership of US pro-cryptometrics may make it easier for crypto-based ETF products to see the light of day.
Both developments will be able to raise the price of Sol to new highs over the next few years. If Sol continues its upward trajectory, many new billionaires could be created.
