If you only knew: 5 cryptocurrencies you could have made good money on

Remember how everyone dreamed of leaving a note in the past about making sure to mine bitcoins? We hate to break it to you, but it was possible to make money a couple of years ago by investing in a few altcoins.

In 2021, many cryptocurrencies reached historical highs and made investors millionaires. The total value of the cryptocurrency market exceeded $3 trillion for a time, and the growing popularity of NFT helped mainstream the once niche technology. In May 2022, the crypto market plummeted, bankrupting thousands of short-sighted people. Nevertheless, the crypto market remains just as attractive for investment.

Many tokens, like Bitcoin (BTC) and Dogecoin (DOGE), have different levels of technological development and scarcity, both of which have risen significantly in value in 2021. Now let’s find out how much a $1,000 investment would be worth now if it had been made two years ago.

Keep in mind that we’re not giving advice. Past results are no guarantee of future returns. Investors should not invest more money in cryptocurrencies than they have the potential to lose.

Solana (SOL)

• Price on April 2020: $0.74
• Price on July 2022: $36.67

If you had invested $1,000 in SOL’s native blockchain cryptocurrency Solana two years ago, when one coin was worth $0.74, you would already have $49K today. Solana is currently the most prominent cryptocurrency at number 9, with a market value of over $12 billion. Solana is seen as a potential Ethereum blockchain killer.

Dogecoin (DOGE)

• Price on April 2020: $0.008
• Price on July 2022: $0.06

At first, this meme-based cryptocurrency was perceived as a joke. It is still considered by some to be a pyramid scam. Nevertheless, you could make good money by investing a thousand dollars to buy it a couple of years ago. Billionaire Elon Musk is constantly rocking the value of the DOGE token. He continually talks about holding it and will continue to do so. Also, his companies have offered to buy several products for DOGE. So, today you’d have $7,500 in your pocket.

Ethereum (ETH)

• Price on April 2020: $730
• Price on July 2022: $1,454

The value of one ETH, the Ethereum blockchain token, has risen almost 100% over the year compared to today’s price. An Ether bought for $1,000 in April 2020 at $730.30 is now worth $1,454 (and you’d have $1,977 worth of tokens). Ethereum proponents say the blockchain will become more scalable, secure, and resilient after an Eth2 update scheduled for the summer of 2022 (though rumors say it won’t happen until 2023-2024), during which the network will move to a Proof-of-Stake model or PoS. This transition will allow users to validate transactions based on the number of coins they own rather than the energy-intensive mining currently in use. So the value of tokens could soar significantly after a successful transition to Ethereum 2.0.

Polkadot (DOT)

• Price on August 2020: $2.69
• Price on July 2022: $6.83

With a market value of more than $6.7 billion, Polkadot has become one of the best long-term cryptocurrencies to buy since its launch in August 2020. It is not only a cryptocurrency but also a blockchain network where developers can create innovative decentralized systems.

Polkadot has to compete with giants such as Ethereum and Cardano, its early entry into the smart contracts market gives it an advantage that some analysts believe it will retain.

So if you bought $1,000 worth of DOT at launch, you would have $2,533 worth of tokens today. Not bad, right?

Cardano (ADA)

• Price on April 2020: $0.03
• Price on July 2022: $0.47

It is one of the most successful cryptocurrencies, in addition to being environmentally friendly. Cardano (ADA) is prevalent even though constant system crashes slow and unhurried approaches to development. If you had been able to spot the potential of this blockchain platform two years ago, investing a thousand dollars today would already be the owner of tokens worth $15,666.