Celebrities have entered the cryptocurrency market. Some have kept a low profile while others are vocal in their support for the cryptocurrency market. Elon Musk is part of this latter group. Musk’s involvement in Dogecoin DOGE has made headlines since several years. It has also helped the meme coin grow in price and popularity. What would the investment be today if it was made at his very first tweet?
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Dogecoin trading today: How high is it?
Dogecoin’s price has risen steadily over the past two months. During the period, Dogecoin traded from a low price of $0.08083 to a maximum of $0.4835. DOGE had a price of $0.1683 at the moment this was published. It was after the price dropped by 0.5% over the previous 24 hours.
First, the richest man in the world tweeted about this meme coin back in 2019. On April 2, 2019, he replied to a Tweet and said that Dogecoin is his favorite cryptocurrency. It was a tweet. read,
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“Dogecoin might be my fav cryptocurrency. It’s pretty cool. Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
The meme coin reached its all-time highest price of $0.7376 by 2021. Dogecoin’s current price is 77% lower than its previous value.
What are the chances of a big return on this investment?
At the time Musk tweeted the first reference to Dogecoin in April 2019, the meme currency was valued at $0.002552. Around $1,000 could have earned you a total amount of 391,790 Dogecoins in 2019. If you consider the asset’s current value, your investment will turn out to be $66,026.65. This is a noticeable increase from your initial investment.
Although the Dogecoin community remains confused over Elon Musk’s present stance, it continues to suffer in terms of price.
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Source: watcher.guru
