If You Had Invested $100 In Dogecoin When Elon Musk First Tweeted About The Crypto, Here’s How Much You Would Have Today 🌀

The price of Dogecoin (DOGE) has been rising, reaching levels not seen since April. A key factor in its history? Elon Musk's tweets.

First Mention of Dogecoin by Musk

On April 2, 2019, Musk called Dogecoin his "favorite cryptocurrency" in response to a tweet. This sparked interest in the Shiba Inu-themed crypto, leading to volatility and price increases.

In a Twitter poll, Musk was even jokingly voted as "CEO of Dogecoin," winning 49% of the votes, ahead of Ethereum co-founder Vitalik Buterin and Litecoin creator Charlie Lee.

"It’s Inevitable" – A Pivotal Moment in 2020

On July 17, 2020, Musk posted a meme suggesting that Dogecoin would surpass the global financial system, simply stating, "It’s inevitable." This tweet was another major catalyst for DOGE's growth.

Musk's acquisition of Twitter (now X) in 2022 further fueled speculation about Dogecoin's potential role in digital payments within the platform.

How A $100 Investment In Dogecoin Grew

April 2, 2019: DOGE was trading at $0.002552. An investment of $100 at that time would now be worth $3,299.38, reflecting a gain of 3,199.4% at the current price of $0.08420.

July 17, 2020: DOGE reached $0.003084. A $100 investment that day would have grown to $2,730.19, a return of 2,630.2%.

Peak in May 2021: At its all-time high of $0.7376, those same $100 investments would have been worth $28,902.86 and $23,916.68, respectively.

With Musk continuing to influence the crypto space, Dogecoin remains a coin to watch.