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Is Solana a Millionaire-Maker?

TheMotleyFool

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Is Solana a Millionaire-Maker?: https://g.foolcdn.com/editorial/images/829270/digital-money-cube-placed-on-a-blockchain.jpg

Solana (CRYPTO: SOL), the native cryptocurrency of the Solana blockchain, turned a lot of its early investors into millionaires. It was officially launched in 2020, but it previously sold some of its tokens at just $0.04 in a seed sale in 2018. Solana now trades at about $185, so a $1,000 investment in that seed sale would be worth almost $5 million today.

However, Solana trades more than 35% below its all-time high from this January. Let's see why this cryptocurrency initially rallied, why it pulled back, and whether it can churn a fresh $1,000 investment into $1 million again during the next few years.

Image source: Getty Images.

Source Fool.com