Dogecoin (DOGE) was the highlight of the month. The OG meme cryptocurrency made huge gains following Donald Trump’s victory. DOGE is up more than 167% over the past 30 days. After this strong rally, the meme coin seems to have slowed down.
In this context, some have taken a look back at DOGE’s growth over the years while reflecting on their previous investments. This article delves into DOGE’s potential growth if a meager $100 investment had been made when Elon Musk first tweeted about the asset.
What is the price of Dogecoin now?
After seeing triple-digit gains and rising to a high of nearly $0.43, DOGE has fallen. It should be noted that through this, the meme coin reached a three-year high. At press time, Dogecoin is trading at $0.3828 after falling nearly 3% over the past 24 hours.
Dogecoin’s momentum is often fueled by publicity and excitement. The significant impact on its asset price may subside as rumors about Elon Musk’s proposed Ministry of Government Efficiency (DOGE) and the excitement surrounding Donald Trump’s election victory subside.
Looking Back at Elon Musk's First Interaction
Musk has brought about major changes in the dynamics of the cryptocurrency industry. He has influenced the Dogecoin market in many ways. But his first interaction with DOGE took place in 2019. Musk responded to a tweet on April 2, 2019, saying, “Dogecoin may be my favorite cryptocurrency.”
When Musk first mentioned Dogecoin in a tweet on April 2, 2019, its price was $0.002552. An investor would have 39,185 DOGE if they bought $100 worth of Dogecoin during that time. That small investment would have skyrocketed to a high of $15,000 at current prices. While that may not seem like much, it’s still a huge increase from a paltry $100.
