This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
Tech

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

Editorial Board
Editorial Board Published February 7, 2022
Share
They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin
SHARE

Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, said she started buying Bitcoin in 2020 before switching her focus to lesser-known tokens like Bund, which is tied to a decentralized sports-betting network. Ms. Gentry’s Bund trades netted her around $400,000 in profits, she said, and her total portfolio is now in the mid-six figures, after taking a hit from the recent drop in prices.

“It’s like a child walking into a candy store,” Ms. Gentry said, noting that she can buy one token, then convert it into another, and then another.

On top of her cryptocurrency investments, Ms. Gentry, a former mortgage underwriter, has found work as a consultant advising DeFi and NFT projects. She’s planning to use her cryptocurrency income to buy an acre in San Antonio. She wants to build a house, with a crypto mining operation in a storage unit next door.

Many people who have gotten wealthy through little-known cryptocurrencies said they didn’t plan to cash out. They said they preferred to HODL, or hold on for dear life, and keep speculating.

Consider Mr. vantKruys, the Luna investor. He said he recently used about $1 million of his cryptocurrency holdings to buy a house for a loved one. But he has no interest in selling his stash of Luna, despite market volatility that led to a drop from $99 to below $50 per coin between December and January.

“My idea is Luna is going to be $500 in five years,” said Mr. vantKruys, who is 45. “That’s the horizon we’re playing with.”

Recently, he has become fixated on another obscure token, Pocket Network, that offers digital infrastructure for a range of blockchain initiatives. (Mr. vantKruys, the managing partner at the crypto fund TRGC, is an adviser on the Pocket Network project.)

TAGGED:Technology
Share This Article
Twitter Email Copy Link Print
Previous Article Stacey Abrams blasted for maskless photos at Georgia elementary school Stacey Abrams blasted for maskless photos at Georgia elementary school
Next Article NFTs Will Be the Next Biggest Investment Opportunity for Start-ups — Here’s Why NFTs Will Be the Next Biggest Investment Opportunity for Start-ups — Here’s Why

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

“A Family’s Fight to Reclaim Their Legacy”

“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family has worked and lived…

July 9, 2025

AR Global Inc CEO Kason Roberts Donates to Support Kerrville Storm Victims, Mobilizes Team for Restoration Efforts

Kerrville, Texas — In the aftermath…

July 9, 2025

Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’ – “The Defiant”

The crypto market posted modest good…

July 9, 2025

Two vital hazard alerts within the June employment report – Indignant Bear

Two vital hazard alerts within the…

July 9, 2025

Simone Biles Thirst Traps in Bikini Amidst Boob Job Hypothesis

Studying Time: 3 minutes Simone Biles…

July 9, 2025

You Might Also Like

My Job Is to Work Out. These Are the Health Trackers I’d Purchase on Prime Day
Tech

My Job Is to Work Out. These Are the Health Trackers I’d Purchase on Prime Day

Within the northern hemisphere, it is arduous to not spend the winter in a state of slumbering sloth, simply ready…

5 Min Read
We Discovered the Greatest Offers Underneath 0 This Prime Day
Tech

We Discovered the Greatest Offers Underneath $100 This Prime Day

Prime Day can be overwhelming, particularly when looking for extra inexpensive objects to fill your buying cart with. We're right…

20 Min Read
The Finest WIRED-Permitted Vacuums on Sale for Prime Day
Tech

The Finest WIRED-Permitted Vacuums on Sale for Prime Day

Cleansing is not simply for spring, and these Amazon Prime Day vacuum offers are ones you possibly can't miss should…

7 Min Read
Espresso! Espresso Now! Get Your Caffeine Repair with These Prime Day Offers
Tech

Espresso! Espresso Now! Get Your Caffeine Repair with These Prime Day Offers

What's extra WIRED than espresso? Earlier than you plug into the matrix, you want your espresso repair. We all know…

7 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?