After Elon Musk announced his investment in dog currency, this meme currency experienced an astonishing rise in 2020 and early 2021. By May 2021, the price of dog coins had skyrocketed tenfold, turning early investors into millionaires overnight
After Elon Musk announced his investment in dog currency, this meme currency experienced an astonishing rise in 2020 and early 2021. By May 2021, the price of dog coins had skyrocketed tenfold, turning early investors into millionaires overnight. This unprecedented rise has made global headlines, attracting millions of new and first-time investors to enter the cryptocurrency market.
The focus of this article is on how much return you would have today if you had invested $1000 in dog coins five years ago (i.e. September 2018).
Five years ago in September 2018, the trading price of dog coins was $0.0068, and investors may have accumulated nearly 150000 dog coins at that time. However, in early 2021, Gougou Coin experienced an astonishing rise, removing a few zeros and reaching a historic high of $0.73 in May. If you keep holding these tokens until today, you will have some returns, but it may not change your life.
Those dog coins that invested $1000 in 2018 may now be worth $9422 because the trading price of dog coins is $0.06. In the past five years, the return on investment (ROI) has been approximately 845%. However, if you sell at a historical high in 2021, you may receive a return of $109500 from an investment of $1000.
Nevertheless, the current upward trend of dog coins has stagnated, and it can even be said to be a decline. This meme currency is one of the worst performing cryptocurrencies in 2023 and may only bring losses to investors. Those who purchase memes during peak periods may now face losses. As of now, the trading price of Dogcoin is 0.06 US dollars, which has dropped by 0.7% in the past 24 hours. The price of DOGE has also dropped nearly 92% from its historical high of $0.73 in May 2021.
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