Jason Derulo, an American songwriter, singer, and dancer, revealed today that he began investing in cryptocurrency, specifically Solana (SOL), in June and that it has been a fantastic ride.
Jason Derulo’s bet on Solana paid off handsomely.
Derulo tweeted his delight, saying, “I bet on Solana in June. What an adventure! #crypto.”
While the celebrity did not reveal how much he invested in SOL or whether he has other crypto assets in his portfolio, it is safe to assume that he is well-advised, given how much the coin’s value has increased in the last three months.
Remember that Solana traded between $25 and $41 in June, but the coin stormed the market in August, dethroning Dogecoin as the top seven crypto before reaching an all-time high of $150 on September 4, 2021.
Former hip hop artist Logic, who purchased $6 million worth of bitcoin in October last year, is currently sitting on a profit of over 250 percent if he still has his BTC bag, just like Jason.
NFTs are preferred by the majority of celebrities.
However, unlike the two celebrities mentioned above, the majority of celebrities who joined the crypto industry this year took the NFT route, owing to the sector’s explosive growth since the beginning of 2021.
Celebrities, artists, sports teams, and musicians, among others, are creating or purchasing existing digital art collections.
Last month, NBA legend and three-time champion Stephen Curry paid $180,000 for a one-of-a-kind Bored Ape digital art piece.
Similarly, in August, renowned hip hop titan and 15-time Grammy winner Marshall Bruce Mathers III (AKA Eminem) announced the launch of his own NFT collection.
In another story, legendary moments from the three-time FIFA World Cup champion Pelé’s career will be released as NFT collectibles, with 90 percent of the proceeds going to charitable organizations.