When Elon Musk first tweeted, the $5,000 and $10,000 investment in Dogecoin would bring incredible returns to current market prices.
Dogcoin, the largest meme coin by market capitalization, has a long-standing bromance with Tesla founder Elon Musk. The world’s wealthiest man has not hidden his praises for Shiba Inu Mascot-themed Meme Coin, taking X (formerly Twitter) several times to promote his token.
For context, the mask says “Doge’s father“It is proof of his love for tokens, which was released in September. In April 2023, he changed the X logo to a Doge meme, recalling that the price of the asset increased by 30%.
There is this I’m suffering The influence of Musk, a faction of the Dogecoin community, was bullish for the generally well-known memecoin. Let’s take a look at the price of Dogecoin when the X owner first tweeted about it, and how much value is the $5,000 and $10,000 investment at its current market price.
Dogecoin price when Musk first tweeted
The billionaire made his first Dogecoin comment on April 2, 2019, exactly six years after yesterday. With a virus TweetMusk said Doge might be his favorite cryptocurrency, pointing out that the assets are “pretty cool.”
especially. Doge opened that day for $0.002,552. Meanwhile, comments contributed to the 16% of the day’s rally, reaching over 40% over the next three days.
Dogecoin continued its parabolic expansion from there, surprising 29,852% in May 2021 at its current highest high. Meanwhile, Meme Coin has raised its market price from a high of 78% to $0.1641.
Returns with $5,000 and $10,000 investments when Musk first tweeted
Despite the recent market recession, Dogecoin has risen 6,330% from the price when Musk first adopted Meme Coin. Such an impressive proportion of gatherings would turn the small investment of the time into incredible profits in today’s market.
If a user purchases a token worth $5,000 for $0.002552, it will peak at 1,960,784 Doge. Meanwhile, Stash would have increased to $321,765 at its current market price.
Additionally, the $10,000 investment of Dogecoin priced at $0.002552 on April 2, 2019 will increase asset share and heavy revenues. At the time, $10,000 bought 3,918,495 dogs, worth $643,025 in today’s market.
