SOL - Could Investing $10000 in Solana Make You a Millionaire?
2024-05-19 06:30:00 ET
Solana (CRYPTO: SOL) has minted a lot of millionaires since its launch in 2020. The cryptocurrency started trading at $0.95 and hit its all-time high of $260.06 on Nov. 6, 2021 -- which would have turned a $10,000 investment into $2.74 million.
Solana was widely seen as an alternative to Ethereum (CRYPTO: ETH) for the development of decentralized apps. Solana's blockchain was faster, more scalable, and had lower transaction costs than Ethereum. It accomplished that by using its unique proof-of-history (PoH) mechanism to accelerate the proof-of-stake ( PoS ) mining method used by Ethereum.
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Could Investing $10,000 in Solana Make You a Millionaire?