The moment Elon Musk posted his first crypto tweet was a turning point for Dogecoin. Let's remember that day on July 17, 2020, when Musk attracted attention with the meme he shared about Dogecoin, saying "This is inevitable." Elon Musk (@elonmusk) shared this post on July 18, 2020. 🤔
Dogecoin was trading at $0.002552 on April 2, 2019, when Musk first tweeted about Dogecoin. If you had bought $100 of Dogecoin back then, you would have 39,185 DOGE today. Since the current Dogecoin price is $0.08420, the present value of this investment amounts to $3,299.38, which is a return of 3,199.4%. 🤑
On July 17, 2020, the highest price of Dogecoin was $0.003084. A $100 investment made that day would have gotten you 32,425 DOGE, bringing the current value of that investment to $2,730.19, which is a return of 2,630.2%. 📈
In May 2021, Dogecoin reached an all-time high of $0.7376. $100 investments made under the influence of Musk's tweets would have been worth $28,902.86 and $23,916.68, respectively, at their peak.
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