$1,000 in Solana 5 Years Ago? Here’s the Life-Changing ROI You Missed
Solana’s rocket ride: How a grand turned into generational wealth—or another 'what if' for crypto skeptics.
Back in 2020, dropping $1k on SOL was either genius or gambling. Today? It’s the trade that separates crypto believers from traditional finance dinosaurs.
The numbers don’t lie: While Wall Street hawked 5% yield savings accounts, Solana delivered returns that’d make a VC blush. (Fun fact: That same $1k in a bank would’ve earned you roughly enough for a fancy coffee—congrats.)
Volatility? Sure. But try finding an asset class that’s outperformed crypto’s bull runs. Pro tip: You can’t.
So next time your banker scoffs at ‘internet money,’ ask how their bonds did during the blockchain revolution.
Image source: Getty Images.
Instead of using high computing power to solve a puzzle like with PoW, PoS has investors stake their tokens to the network, and then assigns them at random to validate transactions and mint new tokens. The more tokens one stakes, the higher the chance they have of being selected and also earning rewards. Even more unique, Solana's network also has a proof-of-history mechanism that essentially creates a sequential record of transactions, enabling even faster transactions on the network.
As a result, Solana's network can process thousands of transactions per second (TPS), but it has the theoretical potential to process up to 65,000 TPS, if not more. This gives solana and its network immense potential to disrupt the global payments system.
Investors have done well
While volatile like most cryptocurrencies, Solana has been a huge winner for investors that bought the token five years ago. The technical strength of its network has made Solana one of the few altcoins that investors see a strong use case for.
Roughly five years ago, Solana traded for just $1.73. Today, it trades for over $179. That's a gain of roughly 10,264%. So, if you invested $1,000 in Solana five years ago, you now have $103,636! That's simply incredible. Investors aren't likely to find too many investments like that in their lifetime.