The worth of cryptocurrency Dogecoin DOGE/USD has skilled an increase in latest days hitting highs not seen since April.
Here’s a take a look at how a lot Dogecoin has grown in worth since Elon Musk first talked about the cryptocurrency.
First Tweet: Musk is the richest individual on this planet and likewise one of the vital vocal supporters of the Shiba Inu-themed meme cryptocurrency. In the previous, tweets by Musk about Dogecoin have led to spikes and high volatility.
On April 2, 2019, Musk replied to a tweet saying “Dogecoin is perhaps my fav cryptocurrency.”
“It is fairly cool,” Musk stated of successful the fictional title of CEO of Dogecoin in a Twitter ballot with 49% of the vote.
Musk beat out Ethereum ETH/USD co-founder Vitalik Buterin, who bought 9% of the vote, Litecoin LTC/USD creator Charlie Lee, who bought 8% of the vote, and payment-processing platform Steel founder Marshall Hayner, who bought 33% of the vote.
One other important second for Dogecoin’s entry level was on July 17, 2020, marked by Musk’s tweet concerning the digital forex.
On that fateful day, Musk shared a meme of Dogecoin passing the worldwide monetary system saying, “It is inevitable.”
Musk acquired social media platform Twitter for $44 billion in 2022. The acquisition was extensively seen as a constructive for Dogecoin. Musk rebranded Twitter to X to get nearer to his imaginative and prescient for an “every thing app.”
With plans to combine funds into the social media firm, some crypto consultants and lovers see Dogecoin as a possible winner.
Associated Hyperlink: How To Buy Dogecoin
Dogecoin Return: Dogecoin traded at $0.002552 on April 2, 2019, across the time of Musk’s first tweet mentioning Dogecoin. If you obtain $100 in Dogecoin at the moment, you’ll have 39,185 DOGE right this moment. The worth of the $100 funding would now be $3,299.38 based mostly on a present Dogecoin worth of $0.08420 on the time of writing. This represents a hypothetical return of three,199.4%
Dogecoin traded at $0.003084 on July 17, 2020, at its highest worth. A $100 funding on that day may have purchased 32,425 DOGE. The worth of the $100 funding would have grown to $2,730.19 right this moment. This represents a hypothetical return of two,630.2%.
Dogecoin hit an all-time excessive of $0.07376 in Could 2021. At its peak, these $100 investments in Dogecoin based mostly on Musk’s tweets would have been value $28,902.86 and $23,916.68 respectively.
Learn Subsequent: 5 Things You Might Not Know About Kabosu, The Good Boy Who Inspired Dogecoin
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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 www.benzinga.com 2023-11-17 23:42:14
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