2021 is generally a bright year for the cryptocurrency market. Among them, the most famous are Bitcoin and Dogecoin (DOGE), two well-known coins that made many people millionaires overnight.
Market cap also quickly surpassed $ 3 trillion, and the growing popularity of digital assets like NFT has helped bring blockchain technology into the mainstream. The question here is, do you regret that you don’t have time to invest in these names? And if you invest and invest $ 1,000 in four popular coins, BTC, ETH, Solana (SOL) and DOGE, how much money do you have in hand now?
# 1: Bitcoin (BTC)
- Price on January 1: $ 28,937
- Price at time of writing: $ 47,748
Investing $ 1,000 in Bitcoin earlier in the year at $ 28,937 will get you 0.034 BTC, or $ 1,650 at current prices.
BTC had a strong year in 2021, with a value increase of around 76.2% from Jan 1st to date. It hit $ 1 trillion in market cap for the first time in February, but has since declined to nearly $ 900 billion.
# 2: ether (ETH)
- Price on January 1: $ 730.5 USD
- Price at the time of writing: $ 3,794
ETH is up more than 418% in the past 12 months. If you had made a $ 1,000 ETH purchase for $ 730.5 on Jan 1st, you would now have about $ 5,197 at current prices.
Ethereum proponents say the blockchain will be more scalable, safer and more sustainable after the expected upgrade from Ethereum 2.0 in 2022, in which the network will transition to a proof-of-consensus mechanism. This move will allow users to validate transactions based on the amount of coins they hold, rather than using energy hungry mining rigs like today.
# 3: Solana (SOL)
- Price on January 1: $ 1.47
- Price at the time of writing: $ 176
If you had invested $ 1,000 in SOL in early 2021 when it cost $ 1.47, your investment at current prices would have grown to approximately $ 1,119,727.
Although Solana (SOL) wasn’t launched until 2020, it has grown more than 13,800% over the past year and is currently the fifth largest cryptocurrency with a market capitalization of over $ 57 billion. Solana is considered a competitor to Ethereum. Its founder, Anatoly Yakovenko, developed Solana to support smart contracts and create dApps.
# 4: Dogecoin (DOGE)
- Price on January 1: $ 0.0056
- Price at the time of writing: $ 0.175
If you bet $ 1,000 on DOGE at $ 0.0056 earlier in the year, your investment would now be worth $ 31,250. This isn’t a bad investment for a token that started out as a meme-inspired joke.
This coin meme rose by up to 12,000% in the first half of 2021. However, in the second half of the year, its value fell quite sharply.
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