I took a look at Dash recently because it is one of the cryptocurrencies that can be staked at Cake Defi.
I was amazed by the grown of Dash that has a humble beginning of about US$0.21 in 14 February 2014 for its all-time low for the past 6 years.
It was at its peak at the price of US$1493.59 in 20 December 2017 that was the period when Bitcoin was at its peak too.
If an investor was to invest about 1000 Dash at its lowest in 2014, he would have spent 1000 x $0.21 = $210.
By selling 1000 Dash at the peak in December 2017 after hodling 4 years, this investor would have earned 1000 x $1493.59 = $1 493 590.
That is more than a million profit after 4 years and this investor would have become rich with this amount of cash.
In our current age in 2020, Bitcoin seems to be getting into a Bull run but no one is certain as anything can happen but we are hoping it would.
Can we still spot a potential cryptocurrency like Dash and earn such huge profit that would blow our minds away?
Getting more than a million into our lives would really change the quality of our lives totally.
With this amount of cash, I can retire and live the way I like without the pressure from my day job.
I can even put into fixed deposit in my local bank and earn a nice annual interest.
It sounds like an impossible dream but there is still a chance for us in spotting just that one cryptocurrency and make a huge unexpected profit.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.