My friend was still interested in the mentality of "getting rich by picking up leaks", just like BTC and ETH at the time. He often looked for small currencies that had just been launched in the market. Around the beginning of 2020, he accidentally discovered a project called Solana. At that time, not many people knew about Solana, and its market value was very low, with a price of only a few cents. He did a simple study and felt that the technology and team background of this project were not bad, especially it claimed to achieve extremely high transaction speed and low cost, these features made him a little tempted.
However, after all, there are endless projects in the currency circle, and everyone knows that low-market-value coins are risky and have a low probability of success. He himself did not have much hope, but just symbolically bought tens of thousands of Solana coins, spending a total of several hundred yuan. After the purchase, he did not care much, thinking that he was investing "idle money" anyway, and he would make money if he made money, and he would not feel bad if he lost money.
A year later, during the outbreak of DeFi and NFT, Solana suddenly ushered in rapid development. As more and more projects and developers enter the Solana ecosystem, the market's interest in this coin has rapidly increased, and the price of the coin has also begun to soar. When my friend opened his wallet again, $SOL had risen to around $10, and the tens of thousands of coins he bought at that time had become hundreds of thousands of assets.
In the end, he couldn't help it, and when $SOL rose to $10, he sold all the coins in his hand, pocketing them and making tens of thousands of dollars. At that time, he was quite happy and felt that his idle money was very successful. After all, a few hundred dollars turned into tens of thousands, which was already a very good return.
In the second half of the year, it rose from $10 to nearly $200, more than dozens of times. If he insisted on holding on until then, the assets might have directly turned from tens of thousands of dollars to millions.
Of course, its value is now much higher than $10. I don't know what my friend would think when he sees this article. $SOL has now successfully counterattacked, and it is a good thing to keep more.