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© Reuters. If You Invested $1,000 In Dogecoin When Elon Musk Mentioned “One Phrase: Doge,” Here is How A lot You’d Have Now
Benzinga – One of the vital outstanding voices displaying help for meme cryptocurrency (CRYPTO: DOGE) through the years was Tesla Inc (NASDAQ: NASDAQ:) CEO Elon Musk.
Musk’s first point out of Dogecoin got here in 2019 and plenty of extra references appeared in 2020 and 2021.
Right here’s a have a look at the efficiency of the cryptocurrency after one in all Musk’s most well-known Dogecoin-related tweets.
What Occurred: Musk’s historical past with Dogecoin on Twitter dates again to April 2, 2019. Musk replied to a tweet by saying, “Dogecoin is likely to be my fav cryptocurrency. It’s fairly cool.”
The response got here to a ballot that noticed Musk the winner of the title of CEO of Dogecoin.
Musk’s first tweet about Dogecoin that wasn’t a reply got here on July 17, 2020, when Musk shared a meme of Dogecoin passing the worldwide monetary system saying, “It’s inevitable.”
Whereas Musk tweeted a number of occasions about Dogecoin in 2020, one of many extra well-known mentions was on Dec. 20, 2020, when Musk tweeted “One Phrase: Doge.” The tweet had over 208,000 likes and greater than 31,000 retweets.
One phrase: Doge
— Elon Musk (@elonmusk) December 20, 2020
Dogecoin had a 2021 to recollect: it hit all-time highs and trended as some of the talked-about subjects worldwide. The coin’s value went from $0.0047 to $0.1705 from begin to end in 2021.
Musk supported Dogecoin with tweets and had Tesla settle for the cryptocurrency for cost on merchandise.
Associated Hyperlink: How To Purchase Dogecoin
If You Invested $1,000 in Dogecoin: The value of Dogecoin hit a excessive of $0.004678 on Dec. 20, 2020, when Musk gave one in all his extra well-known tweets in regards to the meme cryptocurrency.
Dogecoin typically noticed spikes in 2020 and 2021 when the Tesla CEO talked about the cryptocurrency.
A $1,000 funding in Dogecoin on Dec. 20, 2020, may have bought 213,766.57 DOGE. That Dogecoin could be price $21,953.83 right now based mostly on a value of $.1027 on the time of writing.
Dogecoin hit an all-time excessive of $0.7375 in Might 2021. The Dogecoin invested in from Musk’s 2020 tweet would have been price a peak of $157,652.85 on the time.
Whereas Musk mentioned there was one phrase, anybody who invested in Dogecoin on the time of 2020 may need a number of phrases to say to explain the return on funding together with, “A lot WOW.”
Learn Subsequent: EXCLUSIVE: Wait, DodgeCoin Or Dogecoin? Many Individuals Do not Know The Distinction
Photograph: Shutterstock
© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
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