Imagine investing $1,000 in Solana in April 2020. Here's a simplified look at how that investment would have grown over time, before facing the inevitable market correction:
2020
April: Solana is trading at a modest price of $0.50, meaning your $1,000 can buy 2,000 SOL.
August: By August, Solana hits $4.85, pushing the value of your investment to around $9,700.
December: By the end of the year, SOL reaches $2.89, leaving you with $5,780.
2021
April: The real fireworks begin. In April 2021, Solana skyrockets to $49.58, bringing your initial investment to $99,160.
September: Things get even better as Solana hits $213.47, pushing your portfolio value to a staggering $426,940.
November: Peak. Solana spikes to $259.96, meaning your $1,000 would turn into $519,920.
2022
April: By April 2022, the market starts to correct. With a SOL price of $136.57, your investment would still be an impressive $273,140.
September: Price continues to fall, SOL drops to $39.88, bringing your holdings down to around $79,760.
Conclusion
At its all-time high in November 2021, your $1,000 would have reached a staggering $519,920. But as 2022 has shown, cryptocurrencies are volatile, with Solana’s value dropping significantly. While there is great upside potential, the risks are equally significant.