Solana (SOL) has had quite a journey in its 5-year history. The asset has experienced numerous ups and downs. SOL’s price took a toll after the collapse of FTX in November 2022. The cryptocurrency’s price fell to below $10. SOL has since hit multiple all-time highs.

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$2200 Worth Of Solana Could Have Made You A Millionaire

SOL was at its lowest in May 2020. The asset hit an all-time high of $293.31 earlier this year on Jan. 19. If you purchased $2200 worth of SOL when it was at its bottom and sold it when it was at its peak, you would have made more than $1 million in profit. The investment would have grown by 46,226.17%.

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Solana (SOL) has faced a significant price correction over the last month. The asset is down by 56.4% from its January highs. If you had continued to hold the $2200 worth of SOL, the investment would have been worth $506,672. The profits in this scenario are also commendable but nowhere close to $1 million.

Can You Still Become A Millionaire With The Asset?

Solana (SOL) has become one of the most popular cryptocurrencies in just five short years. The SOL network presents considerable competition to the Ethereum (ETH) network. Many believe SOL will eventually become the most populated blockchain network.

There is also a high probability that we will get the approval for a spot Solana (SOL) ETF sometime this year. The pro-crypto leadership in the US may make it easier for crypto-based ETF products to see the light of day.

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Both developments could take SOL’s price to new highs over the next few years. We may see the creation of many new millionaires if SOL continues its upward trajectory.