One of the most popular voices behind the meme cryptocurrency is this Dogecoins DOGE/USD is Tesla Inc TSLA chairman Elon Musk. The CEO has tweeted about the Shiba Inu cryptocurrency many times, often leading to spikes in the rating. The meme cryptocurrency remains one of Musk’s favorite topics Twitter Inc TWTR.
Here’s a look at how much you’d have if you invested $100 when Musk first tweeted about Dogecoin.
See also: How to buy Dogecoin
First tweet: To get a seed value for Dogecoin, we will look at two price points. On April 2, 2019 Musk answered to a tweet stating, “Dogecoin might be my favorite cryptocurrency. It’s pretty cool.” The response came to a poll that had 3,581 votes and declared Musk the winner as Dogecoin’s CEO with 49% of the vote.
Dogecoin might be my favorite cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
Musk kicked out Viatalik Buterinthe founder of ether ETH/USDwho received 9% of the votes, Charlie Lee (@SatoshiLite), the creator of Litecoin LTC/USDwho received 8% of the vote, and Marshall Hayner, the founder of metal, who received 33% of the vote.
The other starting point is the first time Musk tweeted about Dogecoin, which to the author’s knowledge happened on July 17, 2020, when Musk divided a meme of Dogecoin passing the global financial system saying, “It’s inevitable.” Musk even responded to the tweet with a watching-eyes emoji recently on April 16.
It’s inevitable pic.twitter.com/eBKnQm6QyF
— Elon Musk (@elonmusk) July 18, 2020
Related link: “I mostly support Doge”: Elon Musk likes Dogecoin’s memes, dogs, and sense of humor
Dogecoin return: Dogecoins traded at $0.002552 on April 2nd, around the time of Musk’s tweet. If you bought $100 in Dogecoin back then, you would have 39,185 coins. The current value of the $100 investment would be $2,320.93 based on a current Dogecoin price of $0.05923.
Dogecoin traded at its highest price on July 17 at $0.003084. If you bought $100 in Dogecoin at…
