If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Crypto, Here's How Much You'd Have Today

The price of cryptocurrency Dogecoin DOGE/USD has experienced a rise in recent days hitting highs not seen since April.

Here's a look at how much Dogecoin has grown in value since Elon Musk first mentioned the cryptocurrency.

First Tweet: Musk is the richest person in the world and also one of the most vocal supporters of the Shiba Inu-themed meme cryptocurrency. In the past, tweets by Musk about Dogecoin have led to spikes and high volatility.

On April 2, 2019, Musk replied to a tweet saying "Dogecoin might be my fav cryptocurrency."

"It's pretty cool," Musk said of winning the fictional title of CEO of Dogecoin in a Twitter poll with 49% of the vote.

Dogecoin might be my fav cryptocurrency. It's pretty cool.

— Elon Musk (@elonmusk) April 2, 2019

Musk beat out Ethereum ETH/USD co-founder Vitalik Buterin, who got 9% of the vote, Litecoin LTC/USD creator Charlie Lee, who got 8% of the vote, and payment-processing platform Metal founder Marshall Hayner, who got 33% of the vote.

Another significant moment for Dogecoin’s entry point was on July 17, 2020, marked by Musk’s tweet about the digital currency.

On that fateful day, Musk shared a meme of Dogecoin passing the global financial system saying, "It's inevitable."

It's inevitable pic.twitter.com/eBKnQm6QyF

— Elon Musk (@elonmusk) July 18, 2020

Musk acquired social media platform Twitter for $44 billion in 2022. The acquisition was widely seen as a positive for Dogecoin. Musk rebranded Twitter to X to get closer to his vision for an “everything app.”

With plans to integrate payments into the social media company, some crypto experts and enthusiasts see Dogecoin as a potential winner.

Related Link: How To Buy Dogecoin

Dogecoin Return: Dogecoin traded at $0.002552 on April 2, 2019, around the time of Musk's first tweet mentioning Dogecoin. If you bought $100 in Dogecoin at that time, you would have 39,185 DOGE today. The value of the $100 investment would now be $3,299.38 based on a current Dogecoin price of $0.08420 at the time of writing. This represents a hypothetical return of 3,199.4%

Dogecoin traded at $0.003084 on July 17, 2020, at its highest price. A $100 investment on that day could have bought 32,425 DOGE. The value of the $100 investment would have grown to $2,730.19 today. This represents a hypothetical return of 2,630.2%.

Dogecoin hit an all-time high of $0.07376 in May 2021. At its peak, these $100 investments in Dogecoin based on Musk's tweets would have been worth $28,902.86 and $23,916.68 respectively.

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