It was none other than Elon Musk who urged people to invest in Dogecoin. Now, the same coin is rewriting the future of the investors.
Musk often took to ‘X’, promoting the meme coin found after Shiba Inu’s mascot design. He even called himself “Doge Father”. As much a testament to the coin, his words were eye-openers for investors, too. Experts say if you had invested $5000 to $10,000 in Doge Coins then it could make you well rich.
Doge’s Price Then
In 2019, dec 2nd, Elon Musk first made a public comment about Dogecoin. Today, 6 years later, the coin is priced $0.16. But it all started with $0.002552 back then.
Now, anybody can say that Musk was not wrong in putting his trust in the coin. He went at the length of calling “Dogecoin, might be my favorite cryptocurrency.”
That day, his comment triggered a 16% price rally in favor of the world’s biggest and most popular meme coin. People supposed that the movement could be monetary. However, Dogecoin grew another 40% in the next few days.
Dogecoin highest price to date has been $0.74. It happened in May 2021, marking parabolic rise of 29,852%.
What Could Have Happened to a $5000/$10,000 Investment Made Back Then?
There is a major market downturn now. But despite that, the meme coin is growing at its own pace. The coin is still more than 6000% higher than the price it first started with.
So, here’s what your $5000 could have turned into. If you bought $500000 worth of Dogecoins at $0.002552, then it might be equal to 1,960,784 coins. Guessing the price?
