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2 years ago, I invested $5 into ten lesser-known coins for fun. Then another year passed. This is how they fared since.

All Cryptocurrencies

by COINS NEWS 134 Views

Some of you may remember my post from (kind of) a year ago, where after a year of holding 10 random coins, I came back to show the results, and most of them had given me incredible gains... mostly because I'd bought said coins almost at the very start of the bull run, haha.

So of course, I took my gains out... except for $5 which I left there for part 2 of this post a year later, to see how they'd fared since. Unfortunately, I kinda forgot, so it'll be a bit more than a year, but it still works!

Note: This applies from the 5th of December, 2021 to the 5th of December, 2022.

Like it says on the title: 2 years ago 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. Then that happened, I made the post, etc, and now I'm back with part 2!

Anyway, without further ado, here are the ten coins and how they've fared since last year:

1: Polkastarter (POLS) is a cross-chain decentralized exchange (DEX) built on Polkadot for token pools and auctions. Its value decreased 88.9% in the past year, going from $3.26 to $0.37.

2: Flamingo (FLM) aims to unleash the full potential of DeFi, a crucial component on which to base the Neo Smart Economy. Its value decreased 79.6% in the past year, going from $0.38 to $0.086.

3: Tellor (TRB) is a decentralized oracle network that allows smart contracts on Ethereum to securely connect to external data sources. Its value decreased 64.9% in the past year, going from $36.59 to $13.60.

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 decreased 80.7% in the past year, going from $10.33 to $2.20.

5: Polymath (POLY) is an Ethereum token that aims to facilitate digital securities trading on the Polymath platform. Its value decreased 62.4% in the past year, going from $0.548 to $0.224.

6: Stellar (XLM) is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders. Its value decreased 69.6% in the past year, going from $0.289 to $0.088.

7: Monero (XMR) uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Its value decreased 30.2% in the past year, going from $200.98 to $142.25.

8: Serum (SRM) is a decentralized exchange software built on Solana where cryptocurrencies can be bought and sold by traders. Its value decreased 94.5% in the past year, going from $4.29 to $0.23.

9: Avalanche (AVAX) is a platform for creating custom blockchain networks and decentralized applications (dApps). Its value decreased 84.9% in the past year, going from $92.36 to $13.60.

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 decreased 95.6% in the past year, going from $0.48 to $0.025.

So obviously, this was 180 from last time I did this, but I didn't make the post just to show how all these coins decreased in value, but to show the difference in how much they did. A few of these coins are just... dead, plain and simple. But a few, while dumping quite a bit, are still in the game and might see a resurgence in the next bull run. So it'll be fun to see which survive!

See you next year, maybe!

submitted by /u/Supercharmeleon
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