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Playing “what if” is a dangerous game, especially when it comes to investing. But sometimes, it can be interesting to review what would have happened if investors had made a particular investment. The highly volatile cryptocurrency market could produce some very impressive scenarios. For example, putting $1,000 into Solana on January 1, 2021 would have yielded roughly $140,000 today.

Changing the cryptocurrency landscape in a year

It is safe to say that the past year or so has been extremely bullish for the cryptocurrency industry. A quick look at the scene in September of last year shows that the entire market capitalization was about $300 billion. Today, it’s worth more than $2 trillion even after the recent market crash that wiped out billions — in fact, it evaporated more in just a few hours than capitalization did a year ago.

Bitcoin, the largest digital asset, has seen its value skyrocket to new heights as adoption comes from different sides. Earlier this year, it topped $60,000 per coin, with a market capitalization well above $1 trillion.

While BTC has already led the charge in terms of gains, some other coins – lesser-known altcoins (until recently, at least) – have significantly outperformed their leader. Looking at the year-to-date scale, some of the alternatives have drawn amazing returns.

This is the case with tokens such as Solana (SOL), Fantom (FTM), Polygon (MATIC), Terra (Luna), Cardano (ADA) and many more. Thus, it’s worth reviewing how much a potential investment in any of these currencies could be worth today – just over nine months later.

“What if” in cipher

Crypto Analytics Company – Coin98 Analytics – Recently Example This data has categorized the above-mentioned blockchain projects as “hidden gems.”

Ethereum entered this year at just over $700. Being home to several DeFi and NFT projects, as well as several stablecoins, has fueled the appetite for native cryptocurrencies. Let’s not forget the upcoming move to ETH 2.0. As a result, the price of Ether shot up to over $4,400 for the new ATH just five months into the year.

Despite recovering more than a significant amount since then, an investment of $1,000 in ETH on January 1st of this year would have resulted in an ROI of more than 4x. The chart shows that a similar allocation in other projects such as Binance Coin would have returned about $11,000, in Cardano – $14,000, in Luna – just under $50,000, and in MATIC – $80,000.

Two of the tokens listed will have an ROI of over 100x – FTM and SOL. The chart shows that Solana, who took full advantage of the NFT frenzy, would have returned nearly $140,000 to the lucky investors who put $1,000 into the token on January 1st.

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