The cryptocurrency industry has witnessed the arrival of several celebrities. While some have maintained a rather low profile, a few others have been vocal about their interest in the market. Elon Musk has been part of the latter group. Musk’s interest in Dogecoin (DOGE) has been making headlines for several years now. This has even benefitted the meme coin in terms of price growth and adoption. So how much would an investment made during his first tweet grow into today?
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How High Is Dogecoin Trading Today?
Dogecoin managed to rise throughout the past couple of months. The asset was trading at a low of $0.08083 before rising to a high of $0.4835 during this period. At the time of writing, DOGE was priced at $0.1683. This came after a 0.55% drop in its price over the past 24 hours.
The world’s richest person first tweeted about the meme coin in the year 2019. He replied to a tweet and suggested that Dogecoin was his favorite cryptocurrency on April 2, 2019. His tweet read,
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“Dogecoin might be my fav cryptocurrency. It’s pretty cool. Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
It should be noted that the meme coin hit an all-time high of $0.7376 in 2021. Dogecoin is currently 77% below its current price.
Would This Investment Bring In Big Gains?
Around the time of Musk’s initial tweet referencing Dogecoin on April 2, 2019, the meme coin was trading at $0.002552. About $1,000 would have brought in a total of 391,790 DOGE back in 2019. Considering the asset’s current price, this investment would turn into $66,026.65. This marks a notable surge from the initial investment.
While the community is rather confused about Elon Musk’s current stance on Dogecoin, the asset continues to struggle in terms of its price.
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