Over the past 24 hours, Dogecoin (DOGE) has risen 120% to ATH $ 0.29. According to calculations, with the opening price on January 1, 2021 being $ 0.00470660, if you invested $ 10,000 that day then the money you hold now would be worth $ 616,150.
If you invested on January 1, 2020, with an opening price of $ 0.00203106, you would have bought 4,923,530 DOGE when you invested $ 10,000, its value would now be $ 1,427,820.
If you invest $ 10,000 on this exact date last year (April 16, 2020), when DOGE is being traded at $ 0.00194563, you will buy 5,139,723 DOGE, which is equivalent to a valuable asset. $ 1,490,519.
And there is still no sign of stopping, Dogecoin is continuing to trade higher by 2021, the amount you hold will change in a “unimaginable” way. Dogeoin has been trending on Twitter throughout 2021 with #dogecoin and #dogetothemoon consistently among the global trending topics.
Right now traders are shouting for a crazier price tag, $ 1 per DOGE, which means you would have $ 5,139 million if that were true.
Why does Dogecoin have such a price?
Dogecoin doesn’t have a limited supply like Bitcoin, but that hasn’t stopped traders from jumping into the meme party with Elon Musk. American professional basketball team Dallas Mavericks has even started accepting Dogecoin as a payment option, and has vowed not to sell it ahead of $ 1.
One of the reasons driving Dogecoin’s price is the world’s second-richest billionaire Elon Musk, who has been constantly promoting Dogecoin and sharing his dog crypto memes Shiba Inu, the symbol of Dogecoin, for more than 50. million followers on individual Twitter.
On March 12, Musk urged Coinbase to add Dogecoin to his platform, and on April 1, the space company CEO SpaceX tweeted that he would literally send “a Dogecoin to the moon”. While this may just be an April Fool’s Day joke, DOGE is still up about 32% after Musk’s tweet.
Dogecoin has risen to the 8th largest cryptocurrency market cap with $ 32.4 billion. Bitcoin has a market cap of $ 1.2 trillion and Ethereum at $ 282 billion.
If you throw some money at Dogecoin in early 2021, this could be one of the best performing assets in your portfolio.