Here’s How Much Your $1,200 Stimulus Check Would Be Worth In Various Cryptocurrencies In 2021

Crypto had started to bull in 2020 at the height of the pandemic. Most thought that the financial markets would suffer greatly when most of the world went into lockdown, this would turn out to not be the case. Although the various markets had experienced price crashes at the beginning of the pandemic. Then, markets started to pick back up. Both stocks and the cryptocurrency markets had recovered even past their various points before the crash.

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The recovery was at various points attributed to governments providing relief for citizens who could not work in the form of stimulus checks. These were to enable individuals who could not afford it to be able to stay home and also have their basic needs met. Governments even went as far as announcing rent and mortgage freezes across the country. In a bid to keep everyone in a home.

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These checks were spent by most on food. Because in reality, the checks were meant for people whose incomes were not enough to see them through a lockdown. Others though who could afford it had either invested part or all of their stimulus checks. Some of these investments were in cryptocurrencies.

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Stimulus checks were basically regarded by some as “free money.” Money that they would do with as they pleased. While some lamented the negative effects of printing that much money in such a short time, others saw this as an opportunity. This “free money” going into the market most likely played a part in the tremendous bull run that would then follow. A bull run that saw new all-time highs across the market.

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But this leads to the question; if a person had invested their $1,200 stimulus checks issued by the U.S. government back in April of 2020, how much would that investor have across various assets? This report will answer that questions, putting the numbers into perspective.

What A $1,200 Crypto Investment Would Net Investors

To start out, we will look at bitcoin. If $1,200 was invested into bitcoin back in April 2020, in current August prices, that investment would be worth about $9,000. The price of BTC has risen over 600% since then.

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Next would be Ethereum. Putting a $1,200 stimulus check in Ethereum back in 2020, at this point, the investor would have over $22,500. This is an even higher price than BTC given that the price of ETH has outperformed the price of BTC for the past year.

Other altcoins besides Ethereum have also done very well in the past year. These include DOGE, ADA, SOL, and HEX. $1,200 put in DOGE would be worth over $200,000 now. A $1,200 investment ADA would be worth over $90,000. SOL would presently be worth over $120,000. And last but not least, a $1,200 investment in HEX would be worth over $300,000 in 2021.

Crypto total market cap chart from

Crypto total market cap chart from

Crypto market has grown over 1,000% since April 2020 | Source: Crypto Total Market Cap from

These numbers go to show the absolutely massive returns that the cryptocurrency market can bring. Although this is largely dependent on the investor’s ability to hold through every peak and trough until the assets get to this point.

Featured image from Freekpik, chart from


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Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin

Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network’s high transaction fees and delayed confirmations. 

One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on interoperability that has set out to become the “internet of blockchains” thanks to its Inter-Blockchain Communication (IBC) protocol.

Data from Cointelegraph Markets Pro and TradingView shows that the price of ATOM rallied 180% from a low of $8.87 on July 20 to a high of $24.77 on Aug. 22 as its 24-hour trading volume surged from an average of $250 million to $1.87 billion.

ATOM/USDT 4-hour chart. Source: TradingView

Three reasons for the strong showing from ATOM over the past month include the release of decentralized finance protocols on the network, the launch of a sidechain that enables the exchange of assets between Cosmos and Ethereum and the announcement of plans to bring Bitcoin (BTC) to the Cosmos ecosystem.

Expanding DeFi capabilities

Decentralized finance (DeFi) has been one of the biggest developments to emerge from the blockchain ecosystem over the past couple of years and is set to revolutionize the traditional financial sector.

The recent launch of the first functioning user interface for DeFi on Cosmos, known as Emeris, has been one of the biggest movers of ATOM price of late because the introduction of cross-chain exchange capabilities excited members of the Cosmos community and led to a spike in demand for the token.

Through the new interface, users can access a number of cross-chain DeFi protocols on the Cosmos network and trade assets on blockchains like IRISnet (IRIS), Persistence (XPRT) and the Akash Network (AKT).

Ethereum bridge opens up opportunitie

A second reason for the ATOM rally is the integration of Sifchain with the IBC, which made the project the first decentralized exchange to enable trades between the Cosmos ecosystem and the Ethereum network.

Ethereum currently hosts most of the top smart-contract protocols for DeFi and NFTs and this integration allows users of both ecosystems to easily trade assets between the two networks.

Wrapped Bitcoin comes to Cosmos

A third reason for the current bullish momentum comes from an Aug. 23 announcement that the Interchain Foundation (IFC), an organization that funds development grants in the Cosmos ecosystem, had granted funding to the Interlay development fund for bringing Bitcoin to the Cosmos network.

Bitcoin is the undeniable leader of the crypto market and it holds a vast majority of the accumulated wealth of the ecosystem, so the ability to operate on Cosmos has the potential to bring new users to the network.

Interlay utilizes a lock-up and vault technology that lets users secure their Bitcoin and mint fully collateralized interBTC that can be used in many DeFi projects and the feature is already available as a Polkadot parachain.

This integration will allow BTC to be used in the Cosmos DeFi ecosystem and it will bring deep liquidity and an increase in utility to the network.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.