*Price in 2014:* $0.0002 per DOGE
*Number of DOGE purchased:* $100 / $0.0002 = 500,000 DOGE
*2021 Peak Price:* $0.70 per DOGE
*Value of Investment in 2021:* 500,000 DOGE × $0.70 = $350,000
*Return on Investment (ROI):* 350,000% ($350,000 - $100)
*Potential Profit:* $349,900 ($350,000 - $100)
To put this into perspective:
- An initial investment of $100 in Dogecoin in 2014 would have yielded a staggering 350,000% return by 2021.
- This represents a potential profit of approximately $349,900.
Keep in mind:
- Cryptocurrency markets are highly volatile.
- Prices can fluctuate rapidly.
- This calculation assumes holding the investment for approximately 7 years.
- Past performance does not guarantee future success.
