Indeed, the market has witnessed a series of eye-catching myths of hundreds of times coins and even thousands times coins, including several notable examples such as SNX, LINK, BAND and the leading AAVE.
SNX: This coin has almost touched the miracle of thousand-fold growth, and its rising process can be roughly divided into three main stages (big waves). The first wave brought about a 50-fold increase, the second wave contributed a 25-fold increase, and the third wave also had a 10-fold increase. Its price soared from an initial low of $0.03 to a high of $28, but peaked eight months earlier. At its peak, SNX's market value was close to tens of billions of dollars.
LINK: As another dazzling star, LINK has experienced three significant waves of rise. The first wave brought a 28-fold surge, followed closely by the second wave with an increase of about 15 times, and the third wave also had a 7-fold increase, adding up to an overall increase of more than 300 times. Its price started from an extremely low level of $0.16 and eventually hit a high of $53, reaching it half a year earlier than the peak. During this period, LINK’s market capitalization once climbed to approximately $20 billion, successfully ranking among the top ten cryptocurrencies by market capitalization.
BAND: Although BAND started later than the aforementioned two, it still caught up with the last two trains of the DeFi wave and achieved a total growth of approximately 100 times. However, this is mainly due to its strong performance in the first wave, which almost reached a nearly 100-fold increase, while the second wave appeared to be more moderate, achieving only a 7-fold increase in value. BAND's price started from a low of $0.2 and rose as high as $23, with its market capitalization approaching $3 billion at its peak.
AAVE: As one of the leaders in this field, AAVE’s performance is even more amazing, achieving an astonishing increase of up to 2,000 times. Its upward trajectory can also be divided into three major waves, eventually reaching its peak half a year ahead of schedule. Especially in the last wave, AAVE achieved an explosive growth of 25 times. In its glory days, AAVE's market value was approaching the tens of billions of dollars.
These examples all demonstrate the huge potential and volatility in the cryptocurrency market, and also remind investors to treat high-risk investments with caution and understand the uncertainties and risks involved.
