Solana: Weekly $100 in SOL Since FTX Crash is Worth This Much

Paigambar Mohan Raj
Source – Coin Culture

The FTX crash was one of the worst financial disasters in modern times. The popular exchange crashed in early November 2022, which had dire consequences for the cryptocurrency market. Solana (SOL) was one of the worst-affected projects from the collapse of FTX. The token’s price fell to around $9.70 by December end 2022. FTX had invested heavily in SOL, with over $1 billion worth of tokens in their holdings.

Also Read: Solana (SOL) May Rally 43% to $145 in February: Predicts Analyst.

However, SOL has made incredible gains since its 2022 lows. From January 2023 to December 2023, SOL’s price rallied by almost 1000% at one point.

$100 weekly investments in Solana (SOL) since the FTX crash

Source – Wealth Mastery

When FTX crashed, Solana’s (SOL) price fell to around $16. If you had put $100 weekly into SOL after the collapse of FTX, you would have invested $11,500. However, the portfolio’s value would have risen by over 234% since then, leaving you with about $38,432. You could have more than tripled their money in just a year and a half.

Source: CryptoDCA

Also Read: Here is How Much $1,000 Invested in Solana (SOL) 3 Years Ago Would be Worth Now.

Moreover, if you had held on till Solana (SOL) reached its 2023 peak on Dec. 26, you would have put in $11,200. However, the value of the investment would have risen by over 300% to over $45,000, almost four times the investment amount.

Source: CryptoDCA

Solana (SOL) is one of the most popular cryptocurrencies out there. The token’s price has skyrocketed over the last year despite a correction in the previous few weeks. Moreover, some analysts anticipate the asset to continue its bullish trajectory in 2024. If we enter a bull run this year, SOL’s price may reclaim its all-time high of $259.96, which it attained in November 2021, over two years ago.