Cryptocurrency trading is undoubtedly a game – a complex analytical game wherein strategy, risk, and even luck come into play. Several traders are risking their bets in this ever-changing market; however, there are only a few successful ones.
One of the success stories that may be worth overriding is that of a Solana (SOL) millionaire, who made some money by investing in Solana at the very beginning, when its price was only $0.5, and cashed out when the price reached up to $250, making this investment in Solana almost 500x more profitable.
The Rise of Solana (SOL)
SOL was introduced in February 2020 during the early days of Interest in DeFi and Blockchain, which was gathering its strength. For most of that year, SOL was not an active player and was oscillating within the $0.50 to $1.50 range. For the wise and the patient like the Solana millionaire, it meant another window of opportunity that remained unexploited. In May 2021, it was observed as well that the price of SOL jumped to $55.91, which made the investment public expand its interest even broader. By July 2021, for example, this asset and its price dropped to quite low $23.49 but that was not an indication that the SIP would stop going up. Solana rose to its record high of $258.93 in November 2021, making Solana a recognized top ten cryptocurrency in the world. For the initial investors, such as the earlier mentioned Solana millionaire, this was a huge and sudden life-changing cash. Buying the token at $0.5 and selling it at $250, this millionaire experienced 500x their original money.
A New Bet on Rexas Finance (RXS)
Still, we can see that the Solana investor did not end their investment journey with Solana. Directed toward researching early investments, this Solana millionaire has now set his eyes on another altcoin worth less than $010 – Rexas Finance (RXS). Rexas Finance is a platform where users can tokenize real-world assets on the blockchain. Its ambition is to bring complex assets like real estate, arts, commodities, and intellectual properties to the fingertips of everyone all over the world, using the digital assets trading ecosystem offered by Rexas Finance. At present, in the 3rd phase of its presale, Rexas Finance is attracting both early investors and savvy traders. In the 2nd phase of presale for $0.04 per token, 20 Million tokens were sold in an unexpected timeframe raising $1,250,000. This fast sell-off suggests the growing interest based around the project. What is more interesting is the fact that the Rexas Finance team did not look for investments from VCs but rather wanted the community to be involved in this amazing undertaking. Veteran investors have taken note of the altcoin’s potential, especially those who made early bets on Solana. Right now, the RXS price level also presents those who believed in Solana for the first time when it was selling for $0.5. This foray by some of the Solana millionaires into RXS tokens at this point indicates that this could be the next big thing in the crypto world.
The Future of Tokenized Assets
The concept of asset tokenization is rather new, however, it has started changing the more conventional way of financing and owning things. In this change, the priorities of Rexas Finance are to enable its users to easily and safely tokenize tangible assets. According to some analysts, the price hinges for Rexas Finance could exceed 20,000% by the year 2025. An extra incentive for Rexas Finance to take over investors’ wanted fears is the project’s million-dollar stock of giveaways. With more than 87,000 individuals already entered the giveaway and with 124 days yet to go in the contest, there is a huge amount of money making the contest quite enticing for the participants.
Conclusion
For the Solana millionaire, it was a great decision to stay put in these early volatile times and then get out at the peak price. Now, as they are focusing their energies on Rexas Finance, they are once again positioning themselves for what could be another unimaginable profit. Rexas Finance has an infiltrative advantage because it is based solidly on real-world assets currently offering a presale sale price of less than $0.10 which means investors will be in the footsteps of this Solana millionaire.
Source: Brave New Coin
