Turning $100 Weekly SOL Investment into Fortune Post-FTX Crash

• The FTX Crash and its Impact on Solana (SOL)
• Recovery and Growth of Solana (SOL) Following the Crash
• Investment Returns from Solana (SOL) After the FTX Crash
• Additional Gains from Holding Solana (SOL) Until Its 2023 Peak
• Popularity and Future Prospects of Solana (SOL)

The FTX Crash and its Impact on Solana (SOL)

In what is considered one of the most significant economic calamities in recent history, the FTX$3.28 -5.38% exchange crash in early November 2022 led to a significant shockwave throughout the cryptocurrency landscape. One of the most affected cryptocurrencies was Solana$104 5.03% (SOL), experiencing a drastic price drop to approximately $9.70 by the end of December 2022. At the time, FTX had heavily invested in SOL, possessing over $1 billion worth of the tokens.

Recovery and Growth of Solana (SOL) Following the Crash

Despite the adverse effects of the FTX crash, Solana (SOL) demonstrated resilience and robust growth throughout 2023. From January to December 2023, SOL's price surged almost 1000% at its peak.

Investment Returns from Solana (SOL) After the FTX Crash

After the FTX crash, Solana's price dropped to nearly $16. Despite this slump, a consistent $100 weekly investment in SOL post-crash would have totaled $11,500. This investment strategy, however, would have yielded significant returns with the portfolio's value increasing over 234%, resulting in approximately $38,432. This strategy would have more than tripled the original investment in just eighteen months.

Additional Gains from Holding Solana (SOL) Until Its 2023 Peak

For those who maintained their SOL holdings until it reached its 2023 peak on December 26th, the benefits would have been substantial. An investment of $11,200 at that point would have escalated by over 300%, yielding over $45,000 - almost quadrupling the original investment.

Popularity and Future Prospects of Solana (SOL)

Solana (SOL) remains one of the most widely traded cryptocurrencies, with its price experiencing a significant upswing over the past year despite intermittent corrections. Analysts project the asset's bullish trend to continue into 2024. Should a bull run occur this year, SOL's price may surpass its all-time high of $259.96 set in November 2021, more than two years ago.

Edited by Jonathan Stoker