$ 1,000 invested in Solana in January 2021 valued at $ 138,000 today: FTM’s return on investment follows

Playing “what if” is a dangerous game, especially when it comes to investing. Sometimes, however, it can be quite intriguing to consider what might have happened if investors had made a particular investment. The highly volatile cryptocurrency market could produce some impressive scenarios. For example, putting $ 1,000 in Solana on January 1, 2021, would have resulted in almost $ 140,000 today.

The cryptocurrency landscape changes in a year

It’s safe to say that the past year has been extremely bullish for the cryptocurrency industry. A brief look at the landscape in September of last year shows the total market cap to be around $ 300 billion. Today, it exceeds $ 2 trillion, even after the recent stock market crash that wiped out billions – in fact, it evaporated in a few hours longer than what was capitalization a year ago. .

Bitcoin, the world’s largest digital asset, has seen its value skyrocket to new heights as adoption comes from various sides. Earlier this year, it topped $ 60,000 per coin and its own market cap was well over $ 1,000 billion.

While BTC has indeed led the charge in terms of earnings, some others – lesser-known altcoins (until recently, at least) – have significantly outperformed their leaders. Looking up a scale since the start of the year, some alts have seen mind-blowing returns.

This is the case with tokens like Solana (SOL), Fantom (FTM), Polygon (MATIC), Terra (Luna), Cardano (ADA) and many others. Therefore, it’s worth considering what a potential investment in one of these coins might be worth today – just over nine months later.

“What if” in crypto

Crypto analysis company – Coin98 Analytics – recently illustrated this data and classified the aforementioned blockchain projects as ‘hidden gems’.

Ethereum entered just over $ 700 this year. Home to many DeFi and NFT projects, as well as many stablecoins, has increased appetite for its native cryptocurrency. Let’s not forget the next transition to ETH 2.0. As a result, the price of ether skyrocketed above $ 4,400 for a new ATH just five months into the year.

Despite a decline of more than a large since then, a $ 1,000 investment in ETH on January 1 of this year would have resulted in a return on investment of more than 4 times. An identical allocation in other projects like Binance Coin would have brought in around $ 11,000, Cardano – $ 14,000, Luna – just under $ 50,000, and MATIC – $ 80,000, according to the chart.

Two of the tokens listed would have had an ROI of over 100x – FTM and SOL. The infographic shows that Solana, who took full advantage of the NFT craze, reportedly grossed nearly $ 140,000 to the lucky investors who put $ 1,000 in the token on January 1.