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They Made Tens of millions on Luna, Solana and Polygon: Crypto’s Growth Past Bitcoin

Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, mentioned she began shopping for Bitcoin in 2020 earlier than switching her focus to lesser-known tokens like Bund, which is tied to a decentralized sports-betting community. Ms. Gentry’s Bund trades netted her round $400,000 in income, she mentioned, and her complete portfolio is now within the mid-six figures, after taking a success from the current drop in costs.

“It’s like a baby strolling right into a sweet retailer,” Ms. Gentry mentioned, noting that she will be able to purchase one token, then convert it into one other, after which one other.

On high of her cryptocurrency investments, Ms. Gentry, a former mortgage underwriter, has discovered work as a marketing consultant advising DeFi and NFT tasks. She’s planning to make use of her cryptocurrency revenue to purchase an acre in San Antonio. She needs to construct a home, with a crypto mining operation in a storage unit subsequent door.

Many individuals who’ve gotten rich by means of little-known cryptocurrencies mentioned they didn’t plan to money out. They mentioned they most well-liked to HODL, or maintain on for pricey life, and preserve speculating.

Contemplate Mr. vantKruys, the Luna investor. He mentioned he lately used about $1 million of his cryptocurrency holdings to purchase a home for a liked one. However he has little interest in promoting his stash of Luna, regardless of market volatility that led to a drop from $99 to under $50 per coin between December and January.

“My concept is Luna goes to be $500 in 5 years,” mentioned Mr. vantKruys, who’s 45. “That’s the horizon we’re taking part in with.”

Lately, he has grow to be fixated on one other obscure token, Pocket Community, that provides digital infrastructure for a variety of blockchain initiatives. (Mr. vantKruys, the managing accomplice on the crypto fund TRGC, is an adviser on the Pocket Community undertaking.)

https://www.nytimes.com/2022/02/07/know-how/cryptocurrency-luna-solana-polygon.html They Made Tens of millions on Luna, Solana and Polygon: Crypto’s Growth Past Bitcoin

Fry Electronics Team

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