Dogecoin DOGE/USD has spiked off and on prompted by the antics of billionaire-entrepreneur Elon Musk.
Its most recent spike came over the Thanksgiving weekend when the cryptocurrency shot up on speculation that Ethereum ETH/USD co-creator Vitalik Buterin and Musk were working on upgrading the meme coin.
See Also: 9 Best Coinbase Alternatives In 2022
The Investment: A similar buzz surrounded the coin when Musk interacted with McDonald's Corporation MCD in late January about accepting DOGE. On Jan. 25, 2022, DOGE shot up to an intraday high of $0.1472 when McDonald's said it would accept the coin if Musk accepts one of its conditions.
Should an investor enter DOGE with a $100 investment at the time of writing when it traded at $0.095, here's how much they'd have if the bellwether meme coin touches the McDonald's buzz highs.
| Investment | Date Of Purchase/Listing | Purchase Amount | Purchase Price | Units/Shares Obtained | Worth If Doge Regains McDonald's Buzz Levels | Percentage Change |
|---|---|---|---|---|---|---|
| Dogecoin (DOGE) | Nov. 28, 2022 | $100 | $0.095 | 1052.63 | $154.95 | 54.95% |
Should DOGE regain the price where it was when the McDonald's buzz was at its peak, an investor would gain $54.95 in profit.
Read Next: Dogecoin Shines As Bitcoin, Ethereum Muted — Chartist Says ‘Break Above’ This Level Presents ‘Great Long Opportunity’ For DOGE
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
