Nearly two years ago, the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, advised his followers to invest in Solana (SOL), but purchasing it at the time and holding it since would not have been very profitable.
Indeed, Kiyosaki had positioned the open-source, decentralized finance (DeFi) project’s native token next to the likes of Bitcoin (BTC) and Ethereum (ETH), advising fellow investors to stockpile on it in preparation for the potential outbreak of a Third World War in an X post on March 29, 2022.
At the time of his post, the price of Solana stood at $106.33. Still, it made a sharp decline soon after, trading largely sideways, in the area between $10 and $30 until its renewed push upward in early December 2023, culminating with the current price of $100.59.
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In other words, buying, for instance, $10,000 worth of SOL at the time would mean that today, that buyer would be holding $9,460.5 worth of SOL, suggesting that the token has witnessed a decline of over 5% in its value since, and leaving the investor out of profit if they sold it at a current price.
Solana price analysis
As things stand, Solana’s current price indicates a 2.19% gain in the last 24 hours, a decline of 7.73% across the previous seven days, and a significant increase of 54.03% on its monthly chart, according to the most recent information retrieved on January 5.
All things considered, investing in Solana when Kiyosaki recommended it and selling it now would not be profitable, but it does not mean that it will not be able to bring profit in the future, particularly as machine learning algorithms at CoinCodex suggest a steady increase over the next months and years.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
