In three years, my investments grew from $1,000 to more than $250,000. 🚀🚀
My start in cryptocurrencies began in 2018, just after the famous bubble of 2017. I had about $1000, and I decided that I would not invest in bitcoin because its growth seemed too slow. Instead, I started looking for projects that were at an early stage but had great potential.
Key investments:
My first step was into the ether. In 2018, its price dropped to $90, but I believed in the project because of its smart contract technology. I bought 5 ETH, and it was one of my best investments.
Result: In 2021, when the ether reached $4000, I sold half of my assets, earning more than $10,000.
Binance Coin (#BNB )
The second project that caught my eye was Binance Coin. In 2019, it cost about $15. I bought 50 BNB when I saw how fast the Binance exchange was developing and how it was introducing its coin into the ecosystem.
Result: In 2021, when the price of BNB rose to $600, I sold 80% of my coins. The net profit was about $25,000.
I stumbled upon Cardano in early 2020, when the coin price was $0.03. The project was aimed at solving real problems in the blockchain industry, such as scalability and energy efficiency. I invested $1000, buying more than 30,000 ADA.
Result: In 2021, ADA reached $3, and I sold most of them, earning about $90,000.
In mid-2020, I heard about Solana, a blockchain with high transaction speeds and low fees. The price was only $1 at the time, and I bought 500 coins.
Result: In 2021, SOL rose to $250. I sold some at the peak, making a profit of about $100,000.
Decentralised finance (#DeFi )
In 2020, I started to get interested in DeFi-related projects. Among them were:
Aave (AAVE): I bought it for $50 and sold it for $400.
Uniswap (UNI): Participated in their first liquidity pools and profited from the coin's growth.
Result: DeFi projects brought me about $30,000.
How do you like this experience?