Elon Musk's first mention of it in 2014, you would have seen an incredible rise in the value of your investment.
Background on Elon Musk’s First Tweet:
Although Elon Musk became actively involved with the Dogecoin community on Twitter around 2018, his first notable tweet about the coin dates back to 2014. At that time, Dogecoin was mainly seen as a “memecoin,” based on an internet meme, with little practical use or significant valuation.
Hypothetical Investment Scenario:
Dogecoin’s Value in 2014: Back in 2014, Dogecoin traded around $0.0002 (two-tenths of a cent).
Dogecoin’s Peak Value in 2021: In 2021, Dogecoin reached an all-time high of $0.70 per coin, briefly spiking even higher.
If you had invested $100 in Dogecoin in 2014 at $0.0002 per coin:
Coins Acquired: $100 / $0.0002 = 500,000 Dogecoins
Value at 2021 Peak: 500,000 Dogecoins x $0.70 = $350,000
Thus, a $100 investment in Dogecoin in 2014 could have grown to $350,000 in 2021, yielding a 350,000% increase. This scenario underscores the impact of Musk’s influence on Dogecoin's popularity, as well as the speculative nature of the cryptocurrency market,
