After Elon Musk announced his investment in this meme currency, Dogcoin saw an astonishing increase in the index in 2020 and early 2021. By May 2021, DOGE had skyrocketed tenfold, turning early investors into millionaires overnight
After Elon Musk announced his investment in this meme currency, Dogcoin saw an astonishing increase in the index in 2020 and early 2021. By May 2021, DOGE had skyrocketed tenfold, turning early investors into millionaires overnight. This unprecedented rise has made headlines around the world and attracted millions of new and first-time investors into the cryptocurrency market.
In this article, we will focus on how much you could earn today if you invested $1000 in Dogcoin five years ago (September 2018).
Dog Coin: The $1000 invested in DOGE 5 years ago is now worth
Five years ago in September 2018, the trading price of dog coins was $0.0068, and investors accumulated nearly 150000 dog coins. However, in early 2021, DOGE surprisingly removed zero and jumped to a historic high of $0.73 in May of the same year. If you keep holding this token until today, you will make a profit now, but it will not change your life.
The dog coin invested $1000 in 2018 is now worth $9422, while the trading price of DOGE is $0.06. Over the past five years, the return on investment (ROI) has increased by approximately 845%. However, if you sell when you reach ATH in 2021, you can earn $109500 by investing $1000.
Nevertheless, although Gougou Coin performed well a few years ago, its upward trend has come to a sudden halt. This meme currency is one of the worst performing cryptocurrencies in 2023 and will only cause losses to investors. Those who purchased memes during the peak uptrend are now underwater. Please read here to understand the actual price forecast for when DOGE will break through the $1 mark.
As of the time of publication, the trading price of Dog Coin was $0.06, which fell 0.7% in 24-hour trading. DOGE has also fallen nearly 92% from its historical high of $0.73 reached in May 2021.
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