What’s the Return on $5,000 Invested in Solana if SOL Price Surges 1,000%?
Solana has been one of the top-performing assets in recent years, establishing itself as a suitable choice for trading and long-term investment. Following a six months consolidation, the Solana price prediction is positioned for directional rally leaving investors curious—what could a $5,000 investment in this altcoin turn into if the SOL price surged by 1,000%?
Returns on $5,000 If Solana Price Rises 1,000%
By press time, the Solana price traded at $128.57 with an intraday loss of 2.4%. According to Coinmarketcap data, Solana stands as the fifth largest cryptocurrency, with a $59.6 billion market cap and $1.72B in 24-hour trading volume. The SOL price shows a Year-to-Date (YTD) growth of 25% and trades at 50%, down from An all-time high of $260.
With the above data, let’s explore the potential returns in SOL, starting with a 1,000% surge and going down to a smaller percentage growth.
- What would SOL price be if it rallied 1,000%?
- Assuming Solana coin surged 1000%, the current trading price of $128.5 would reach $1,414.27. In such a case, a $5,000 investment would grow to approximately $55,046.16.
- How much would $5k invested be if SOL shot up 100%?
- Using the same formula above, a $5,000 investment in SOL after a 100% rise would be worth $10000, which is simply 2X.
- How much would $3k invested be if SOL shot up 500%?
- After a 500% surge, the SOL price would trade at $771.42. An investment of $3000 would grow to approximately $18000.
- How much would $3k invested be if SOL shot up 100%?
- A 100% surge would double your investment from $3000 to $6000, as the Solana price could rally to $257.14.
Solana Price Prediction: SOL Eyes Major Breakout from Flag Pattern
The Solana price tradingview chart shows the formation of a bullish continuation pattern called Flag’. The chart setup is characterized by a directional rally represented by a ‘pole’ and two downsloping trendlines displaying the temporary counter-trend move.
Amid the market expectation of the Fed rate cut, the SOL price could rebound within the flag pattern and challenge the key resistance at $180. A successful breakout from the overhead trendline will signal the continuation of the prevailing rally and set buyers to chase the $250 peak.
On the contrary, the Solana price prediction could drive a prolonged consolidation if investors witnessed renewed selling pressure at $180.
The post What’s the Return on $5,000 Invested in Solana if SOL Price Surges 1,000%? appeared first on CoinGape.
Crypto Feed:
https://ift.tt/IrUFegt
Sahil Mahadik
CoinGape
Philpar