In 2021, some cryptos made many people millionaires overnight. If you invested $1,000 in four of these cryptos (Bitcoin, ETH, SOL and DOGE), how much money do you have now? answer to the question cryptocoin.com‘in.
What is the situation with Bitcoin (BTC)?
Bitcoin (BTC). Price on January 1st: $29,290. Price on December 28: $47,795. A $1,000 investment in Bitcoin at the start of the year at $29,290 would give you 0.034 BTC, or $1,632 at $49,150. BTC had a strong 2021, with its value increasing by about 65% from January 1 to the end of December. It reached a market cap of $1 trillion for the first time in February.
Ether (ETH). Price on January 1: $730.3. Price on December 28: $3,816.67. ETH has grown over 400% in the last 12 months. Purchasing $1,000 worth of ETH at $730.30 on January 1 will now set you back about $5,226.16 at $3,816.67. Ethereum advocates say the blockchain will become more scalable, secure and sustainable after the expected Ethereum 2.0 upgrade in 2022, when the network will switch to Proo-of-Stake (PoS).
Solana (SOL). Price on January 1: $1.53. December 28 price: $181.18. If you had invested $1,000 in SOL in early 2021 at a cost of $1.53, your investment would have increased to approximately $118,418 at a price of $181.18 today. Despite being launched in 2020 alone, Solana has grown more than 13,800% in the past year and is now the 5th largest cryptocurrency with a market cap of over $57 billion.
Dogecoin (DOGE). Price on January 1st: $0.0056. Price on December 28: $0.18. If you bet $0.0056 to $1,000 on DOGE at the beginning of the year, your investment will now be worth $32,142. This isn’t a bad investment for a token that started out as a meme-inspired joke. This meme coin rose by as much as 12,000 in the first half of 2021. However, DOGE’s value declined in the second half of the year.
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