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Could Investing $10,000 in Solana Make You a Millionaire?

TheMotleyFool 
0 0 19.05.24
Could Investing $10,000 in Solana Make You a Millionaire?: https://g.foolcdn.com/editorial/images/777541/blockchain-cryptocurrency-data.jpg
 

Solana (CRYPTO: SOL) has minted a lot of millionaires since its launch in 2020. The cryptocurrency started trading at $0.95 and hit its all-time high of $260.06 on Nov. 6, 2021 -- which would have turned a $10,000 investment into $2.74 million.

Solana was widely seen as an alternative to Ethereum (CRYPTO: ETH) for the development of decentralized apps. Solana's blockchain was faster, more scalable, and had lower transaction costs than Ethereum. It accomplished that by using its unique proof-of-history (PoH) mechanism to accelerate the proof-of-stake (PoS) mining method used by Ethereum.

Image source: Getty Images.

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Source Fool.com

Sol Stock

€32.50
-0.610%
The price for the Sol stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-0.610%).

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