#WHAT MIGHT HAPPEN IF YOU INVEST $100 IN SOLANA TODAY
Solana (SOL) has become one of the go-to smart contracts platforms because of its efficient scaling network.
This is one of the reasons why hundreds of developers have taken to the platform to create decentralized applications.
The resultant effect of this is a positive reflection on its novel token, SOL, which is one of the most demanded cryptocurrencies in the crypto sphere.
Since the crypto market continues to enjoy a rallying of prices in 2022, many traders continue to pour billions of dollars into more than 17,000 coins daily.
With an eye on finding the next golden goose, unsophisticated investors with less money to risk continue to ask questions. Among others, the most trending question which fits the demands of low-income investors is what might happen if you invest $100 in Solana (SOL) today?
If you invest $100 in Solana (SOL) today and the value of the token increases due to increased demand by investors, say up to $380, you stand a chance of making a profit of $280.
The profit is properly termed capital or portfolio gains since Solana is categorized as crypto which falls under digital financial assets.
Since the cryptocurrency market is a highly volatile one, your investments can take a nosedive.
If the value of Solana drops to new high lows due to a bearish outlook on the market which results in huge selling, to let’s say $2, you stand a chance of making a loss of $98.
However, in the world of investing $100 in Solana (SOL) and crypto investing as a whole, you can only see profits or losses if you decide to sell your holdings
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#If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Crypto, Here's How Much You'd Have Today
Dogecoin Return: Dogecoin traded at $0.002552 on April 2, 2019, around the time of Musk's first tweet mentioning Dogecoin. If you bought $100 in Dogecoin at that time, you would have 39,185 DOGE today. The value of the $100 investment would now be $3,299.38 based on a current Dogecoin price of $0.08420 at the time of writing. This represents a hypothetical return of 3,199.4%
Dogecoin traded at $0.003084 on July 17, 2020, at its highest price. A $100 investment on that day could have bought 32,425 DOGE. The value of the $100 investment would have grown to $2,730.19 today. This represents a hypothetical return of 2,630.2%.
Dogecoin hit an all-time high of $0.07376 in May 2021. At its peak, these $100 investments in Dogecoin based on Musk's tweets would have been worth $28,902.86 and $23,916.68 respectively
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If you invested $10,000 in the U.S. stock market 10 years ago you would have $39,177 today. The same investment made 50 years ago would be worth nearly $4 million. The magic of compounding, in one chart…