Mastering Crypto
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If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Crypto, Here's How Much You'd Have Today 🌀
The price of Dogecoin (DOGE) has been climbing, reaching levels not seen since April. A key factor in its history? Elon Musk’s tweets.
Musk’s First Mention of Dogecoin
On April 2, 2019, Musk called Dogecoin his “favorite cryptocurrency” in response to a tweet. This sparked interest in the Shiba Inu-themed crypto, leading to volatility and price surges.
In a Twitter poll, Musk was even jokingly voted "CEO of Dogecoin," winning 49% of the vote, ahead of Ethereum co-founder Vitalik Buterin and Litecoin creator Charlie Lee.
"It's Inevitable" – A Pivotal Moment in 2020
On July 17, 2020, Musk posted a meme suggesting Dogecoin would surpass the global financial system, simply stating, "It's inevitable." This tweet was another major catalyst for DOGE’s growth.
Musk's acquisition of Twitter (now X) in 2022 further fueled speculation about Dogecoin’s potential role in digital payments within the platform.
How a $100 Investment in Dogecoin Grew
April 2, 2019: DOGE traded at $0.002552. A $100 investment back then would now be worth $3,299.38, reflecting a 3,199.4% gain at the current price of $0.08420.
July 17, 2020: DOGE hit $0.003084. A $100 investment on that day would have grown to $2,730.19, a 2,630.2% return.
May 2021 Peak: At its all-time high of $0.7376, those same $100 investments would have been worth $28,902.86 and $23,916.68, respectively.
With Musk continuing to influence the crypto space, Dogecoin remains a coin to watch.
#Memecoins #Dogecoin
The price of Dogecoin (DOGE) has been climbing, reaching levels not seen since April. A key factor in its history? Elon Musk’s tweets.
Musk’s First Mention of Dogecoin
On April 2, 2019, Musk called Dogecoin his “favorite cryptocurrency” in response to a tweet. This sparked interest in the Shiba Inu-themed crypto, leading to volatility and price surges.
In a Twitter poll, Musk was even jokingly voted "CEO of Dogecoin," winning 49% of the vote, ahead of Ethereum co-founder Vitalik Buterin and Litecoin creator Charlie Lee.
"It's Inevitable" – A Pivotal Moment in 2020
On July 17, 2020, Musk posted a meme suggesting Dogecoin would surpass the global financial system, simply stating, "It's inevitable." This tweet was another major catalyst for DOGE’s growth.
Musk's acquisition of Twitter (now X) in 2022 further fueled speculation about Dogecoin’s potential role in digital payments within the platform.
How a $100 Investment in Dogecoin Grew
April 2, 2019: DOGE traded at $0.002552. A $100 investment back then would now be worth $3,299.38, reflecting a 3,199.4% gain at the current price of $0.08420.
July 17, 2020: DOGE hit $0.003084. A $100 investment on that day would have grown to $2,730.19, a 2,630.2% return.
May 2021 Peak: At its all-time high of $0.7376, those same $100 investments would have been worth $28,902.86 and $23,916.68, respectively.
With Musk continuing to influence the crypto space, Dogecoin remains a coin to watch.
#Memecoins #Dogecoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.