Invest $100 in Dogecoin in 2014, Get $350,000 in 2021?
Elon Musk's 2014 Dogecoin tweet sparked a phenomenon.
Context:
- Musk's first Dogecoin tweet in 2014
- Dogecoin was a "memecoin" with unclear value
Valuation Scenario:
- 2014: $0.0002 (two tenths of a cent)
- 2021 Peak: $0.70 (with temporary peaks above)
Investment Calculation:
- $100 / $0.0002 = 500,000 Dogecoins
- 500,000 Dogecoins x $0.70 = $350,000
Result:
$100 invested in 2014 becomes $350,000 in 2021 (350,000% increase)
Elon Musk's endorsement and community interest fueled Dogecoin's surprising growth.
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