They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin

Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, claimed she started off shopping for Bitcoin in 2020 prior to switching her focus to lesser-regarded tokens like Bund, which is tied to a decentralized sporting activities-betting community. Ms. Gentry’s Bund trades netted her about $400,000 in gains, she mentioned, and her overall portfolio is now in the mid-6 figures, after taking a strike from the the latest fall in charges.

“It’s like a youngster strolling into a sweet keep,” Ms. Gentry explained, noting that she can obtain one token, then convert it into an additional, and then yet another.

On top of her cryptocurrency investments, Ms. Gentry, a previous home loan underwriter, has discovered work as a marketing consultant advising DeFi and NFT projects. She’s scheduling to use her cryptocurrency profits to buy an acre in San Antonio. She desires to build a property, with a crypto mining procedure in a storage device subsequent doorway.

Numerous individuals who have gotten rich by way of little-regarded cryptocurrencies reported they did not system to cash out. They reported they most well-liked to HODL, or keep on for pricey lifetime, and retain speculating.

Look at Mr. vantKruys, the Luna trader. He said he lately made use of about $1 million of his cryptocurrency holdings to invest in a property for a cherished 1. But he has no curiosity in providing his stash of Luna, irrespective of marketplace volatility that led to a fall from $99 to beneath $50 for each coin in between December and January.

“My strategy is Luna is likely to be $500 in five several years,” mentioned Mr. vantKruys, who is 45. “That’s the horizon we’re participating in with.”

Lately, he has grow to be fixated on a further obscure token, Pocket Community, that gives electronic infrastructure for a variety of blockchain initiatives. (Mr. vantKruys, the controlling companion at the crypto fund TRGC, is an adviser on the Pocket Network job.)