Imagine investing just $100 in Dogecoin ($DOGE ) on April 2, 2019โthe same day Elon Musk first tweeted about itโwhen the price was just $0.0026. That $100 would have purchased around 38,460 DOGE. Today, with Dogecoin priced at $0.42, that $100 investment would be worth an astonishing $16,150, a growth of over 16,000%.
Had you waited until July 17, 2020, when the price increased slightly to $0.0031, your $100 would have bought 32,258 DOGE, now worth about $13,550, reflecting returns of over 13,000%.
However, the real windfall would have come if youโd held onto your 2019 investment during Dogecoinโs peak of $0.74 in May 2021. At that point, your 38,460 DOGE would have been valued at nearly $28,460, while your 2020 investment would have surged to roughly $23,870.
This story highlights the incredible potential of being an early investor in cryptocurrency. Dogecoinโs rise, fueled by its strong community, social media attention, and Muskโs influence, demonstrates how even modest investments can lead to substantial gains with a bit of patience and luck.