Headline : Heres How Much $1,000 Invested In Dogecoin Would be Worth If You Invested When Elon Musk First Tweeted About DOGE

Read more from the original article on here at finance.yahoo.com.

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Over five years ago, Elon Musk first posted about Dogecoin (DOGE) on social media. Since then, the token has exploded in popularity, reaching all corners of the internet and generating tens of billions in investment. The first posts about DOGE seemingly came out of nowhere but had a huge impact on the price. Let's take a look at what would have happened if you had the foresight to invest when Musk first tweeted about DOGE.

On April 2, 2019, Musk posted on X, saying "Dogecoin might be my fav cryptocurrency. It's pretty cool." To this day, the post only has 11,0000 likes, a small fraction of the hundreds of thousands that Musk regularly receives in 2024. However, this small and innocent post would spark a memecoin revolution.

At the time of the tweet, DOGE was worth around $0.003, or less than 1/30 of one cent. However, at highs in May 2021, the price of DOGE reached $0.7376. This marked an increase of nearly 24,500% in just over two years. So, if you invested $1,000 in DOGE on April 2, 2019, it would have been worth $245,860 at highs in 2021.

Read more from the original article on here at finance.yahoo.com.

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