The cryptocurrency world is a generous yet harsh environment. Success stories are aplenty and the power of patience, strategic investment, and persistence are evident. Take, for instance, the remarkable journey of an investor who invested $5000 and saw it grow to $13,000,000 in only three and a quarter years.
The journey began when Aave, formerly known as EthLend, recognized the potential of LEND and the investor invested $500,000 to acquire 12.5 million tokens valued at $0.04 per token. By 2020, Aave LEND was converted to AAVE with a 100:1 conversion rate, increasing the investor’s holdings to 125,000 AAVE tokens. Those who chose to wait rather than sell their tokens immediately reaped the rewards.
Data from the Cumberland Platform shows that the investor sold 30,000 AAVE tokens and realized $3 million, a 500% gain on their original investment. They still hold more than 100,000 AAVE tokens worth around $10 million.
An intriguing scenario arises if the investor had sold their tokens at AAVE’s peak value of $666 in May 2021; their AAVE tokens may have been worth more than $20 million.
Currently, with Aave’s value sitting at around $101.4, showing an 80% rise since the start of 2021, the future looks promising. Should Aave reach its previous peak, the investor’s holdings could reach an impressive $100 million, emphasizing the importance of patience, strategic investments, and the crypto landscape.
