Here’s How Much You Would Have Earned If You Had Invested $1,000 in Dogecoin on Jan. 1, 2021
Two years ago, Dogecoin was a trending topic across social media. In 2021, it became one of the biggest stories in crypto, with retail investors actively trading and discussing the coin. However, in 2022, Dogecoin saw less volatility, resulting in fewer mentions across social media in the midst of a cryptocurrency bear market, which was accelerated by the bankruptcies of several cryptocurrency platforms like FTX. Dogecoin failed to continue its break out in 2022 and traded in a range of $0.04972 to $0.2032, with several spikes related to Elon Musk acquiring Twitter and hopes for integration with the social media platform. It hit an all-time high of $0.7375 in May 2021 but has since seen a decrease in value. Nonetheless, if an investor bought Dogecoin at the beginning of 2021, they could have earned a hypothetical return of 1,233.9% over the last two years and two months, with a $1,000 investment being worth $13,338.57 at the time of writing. At its peak price, the same investment could have been worth $129,726.99. Overall, Dogecoin remains a popular cryptocurrency, and if an investor bought in early, they are likely saying “Much Wow.”
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