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A year ago, I invested $5 into ten lesser-known coins for fun. This is how they fared since.

All Cryptocurrencies

by COINS NEWS 253 Views

EDIT: I read your comments and apologize for giving people such misguided Hopium. I was very lucky. I bought right before the Bull market started, and I could've just as easily lost everything. Be smart. Invest with knowledge and know what you're doing. I said the same in a new post I just made.

Note: This applies from the 3rd of October, 2020 to the 3rd of October, 2021, when I wrote the post. I'm posting it today because I had trouble accessing it all.

Like it says on the title: last year I just happened to have $50 to spare and, instead of adding it to my other crypto investments, I decided to have a little fun and invest on coins with a low market value that no one seemed to know about (at the time anyways). I swore to myself that I would not check on their progress until a full year had passed.

Why October 3rd? Because I knew I'd remember it due to all the Mean Girls and FMA memes, that's why.

Anyway, without further ado, here are the ten coins and how much money they've made me since:

#1: Polkastarter (POLS) is a cross-chain decentralized exchange (DEX) built on Polkadot for token pools and auctions. Its value rose 208.3% in the past year, earning me $10.41 extra.

#2: Flamingo (FLM) aims to unleash the full potential of DeFi, a crucial component on which to base the Neo Smart Economy. Its value rose 21.4% in the past year, earning me $1.07 extra.

#3: Tellor (TRB) is a decentralized oracle network that allows smart contracts on Ethereum to securely connect to external data sources. Its value rose 162.4% in the past year, earning me $8.12 extra.

#4: Qtum (QTUM) is a cryptocurrency which uses a proof-of-stake consensus model for creating new blocks, which is far easier and less energy-intensive than Bitcoin's proof-of-work model. Its value rose 509.8% in the past year, earning me $25.49 extra.

#5: Polymath (POLY) is an Ethereum token that aims to facilitate digital securities trading on the Polymath platform. Its value rose 2031.2% in the past year, earning me $101.56 extra.

#6: Stellar (XLM) is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders. Its value rose 343.4% in the past year, earning me $17.16 extra.

#7: Monero (XMR) uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Its value rose 149.8% in the past year, earning me $7.49 extra.

#8: Serum (SRM) is a decentralized exchange software built on Solana where cryptocurrencies can be bought and sold by traders. Its value rose 470.8% in the past year, earning me $23.54 extra.

#9: Avalanche (AVAX) is a platform for creating custom blockchain networks and decentralized applications (dApps). Its value rose 1599.8% in the past year, earning me $79.99 extra.

And finally, the last coin, which gave me astronomical returns, and which makes me incredibly sad I didn't put more money into it. But oh well. Hindsight is 20/20 as they say.

#10: Gala (GALA) is a platform that builds a range of blockchain-powered games, each of which provides players with true ownership of their in-game items through the use of non-fungible tokens (NFTs). Its value rose a wooping 12153.9% in the past year, earning me $607.695 goddamn extra.

So... yeah, that was wild. Notice how there was nothing but profit. If you invest in crypto and leave it alone for a year, it will almost surely be nothing but profits. I love crypto because of that.

It was fun! I'll probably do the same right now, and come back in a year with another post like this :D

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