Ever wondered what could've happened if you had thrown $100 into Dogecoin when Elon Musk first mentioned it? Let me lay out the scenario for you.
Imagine it's July 17, 2020. Musk's tweet, featuring a Dogecoin meme, ripples through the digital world, hinting at the potential of this playful cryptocurrency. That tweet went viral, spreading like wildfire.
Now, let's go back further to April 2, 2019, when Musk first talked about Dogecoin. If you had invested $100 at that point, you'd now have 39,185 DOGE. With the current price at $0.08420, that initial $100 would be worth a solid $3,299.38.
Fast forward to July 17, 2020, when Dogecoin peaked at $0.003084. If you put in $100 then, you'd have 32,425 DOGE, which would be worth $2,730.19 today.
But here's where things get wild. In May 2021, Dogecoin soared to its all-time high of $0.7376. If you had invested based on Musk's tweets, your $100 could've turned into an astonishing $28,902.86 (from April 2019) or $23,916.68 (from July 2020).
If these numbers don't get you excited, I don't know what will! Don't forget to like, follow, and maybe even drop a tip if you enjoyed this breakdown.