One of the most popular voices behind meme cryptocurrency dogecoin Doge/US Dollar It’s Tesla CEO Elon MuskTesla’s CEO has tweeted about the Shiba Inu-themed cryptocurrency on numerous occasions, often causing valuation spikes. Meme cryptocurrency is still mask he is one. Favorite Topics on Twitter.
Let’s see how much the value of Dogecoin has grown since Musk first mentioned cryptocurrency.
First Tweet: To get a starting value for Dogecoin, we will look at two price points. On April 2, 2019, Musk replied to a tweet that said, “Dogecoin might be my favorite cryptocurrency.”Years later, Musk Acquires social media platform Twitter.
“It’s so cool.” That response came to a poll that voted Musk the fictional title winner of Dogecoin’s CEO with 49% of the vote.
musk beats ethereum Ethereum/USD co-founder Vitalik Buterin9% of the votes, litecoin LTC/USD creator Charlie Leewhich won 8% of the votes, and a payment processing platform metal Founder Marshall Haynerwhich received 33% of the votes.
Another starting point is Musk’s first tweet about Dogecoin on July 17, 2020. On that fateful day, Musk shared a meme about Dogecoin making its way through the global financial system, saying, “It’s inevitable.”
Related Links: ‘I mostly endorse Doge’ Elon Musk loves that Dogecoin has memes, dogs, and a sense of humor
Dogecoin Returns: Dogecoin traded at $0.002552 on April 2, when Musk first mentioned Dogecoin. If he bought $100 in Dogecoin then, Doge today would be $39,185. A $100 investment would be worth $2,880.49. current dogecoin price $0.07351.
Dogecoin traded at a high of $0.003084 on July 17, 2020. A $100 investment that day could have bought 32,425 DOGE. The value of your $100 investment would have increased to $2,383.56 today.
Dogecoin hits all-time high of $0.7376 in May 2021. A $100 investment in Dogecoin based on Musk’s tweet was worth $28,902.86 and $23,916.68 respectively at its peak.
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