If You Invested $100 In Dogecoin When The Meme Coin Launched, Here’s How Much You’d Have Today

Started as a joke in 2013, meme cryptocurrency Dogecoin DOGE/USD is still one of the most valuable and talked about cryptocurrencies today. Crypto and other coins in the sector have followed suit Donald Trump won the 2024 presidential election, heralding a potentially more crypto-friendly administration.

Here’s a look at Dogecoin’s history and how much lucky investors who bought back in 2013 would have now.

What happened: Dogecoin was created in 2013 by Jackson Palmer and Billy Marcus. The coin was intended to be a satirical coin to mock Bitcoin BTC/USDbut has over time gained the support of a loyal community.

Palmer bought dogecoin.com and connected with Markus, who had previous experience with altcoins, including creating a coin based on the Bells currency in the Animal Crossing video game. The duo created the coin in just a few hours, with Markus previously saying much of the development time was spent changing the coin’s font to Comic Sans.

The cryptocurrency was based on the iconic Doge meme that stars Caboosea Shiba Inu dog.

A profile for Dogecoin was created on Bitcointalk.org on December 6, 2013. A subreddit for Dogecoin (r/Dogecoin) was created on December 8, 2013. The coin opened for trading on December 15, 2013.

One of the coin’s first uses was as a tip bot on Reddit.

The price of Dogecoin went from around $0.0002 to $0.002 in two weeks, marking a significant return for early investors.

The coin saw a rise in 2017 along with other altcoins before falling in price at the end of 2018.

One of the biggest public supporters of Dogecoin over the years has been Tesla managing director Elon Musk. A 2019 Twitter post that singled out Musk as the fictional CEO of Dogecoin saw the billionaire declaring “Dogecoin might be my favorite cryptocurrency.”

Musk has tweeted several times about Dogecoin since then, and several of his companies have even accepted the cryptocurrency as payment. Musk’s acquisition of social media platform Twitter, now known as X, has led to several price increases for Dogecoin, with some believing the coin will be integrated into the platform.

In 2021, Dogecoin hit all-time highs, a move that may have been aided by an appearance by Musk on “Saturday Night Live.”

Today, Musk may have helped boost the price of Dogecoin thanks to his call to be in charge of the Department of Government Efficiency, or DOGE for short, under Trump.

Over the years, another vocal supporter of Dogecoin has been a billionaire and NBA team owner Mark Cuban. The billionaire revealed that he owned some Dogecoin and had the Dallas Mavericks accept the cryptocurrency for merchandise and tickets in the past.

Retailers and websites started accepting Dogecoin as a form of payment thanks to its popularity. Cryptocurrency exchanges such as Coin base and eToro added Dogecoin to their platform due to customer demand.

Although Dogecoin is not trading near its all-time highs set in 2021, many early investors are still enjoying good returns.

Also Read: Here’s How Much $100 in Dogecoin Could Be Worth Today If DOGE Hits New Records

Investing $100 in Dogecoin: On December 15, 2013, Dogecoin began trading, according to data from Coinmarketcap.

A look at the chart on Coinmarketcap shows a price of $0.0002993 for Dogecoin on December 15, 2013.

An investment of $100 could have bought 334,112.93 DOGE at that time.

The investment would be worth $119,545.06 today, based on a price of $0.3578 for Dogecoin at the time of writing.

Dogecoin hit an all-time high of $0.7376 in May 2021. The hypothetical $100 investment would have been worth $246,441.70 at that time.

“Much Wow” indeed!

What’s next: Not every cryptocurrency investment will increase in value, and the hypothetical investment was likely realized by few, if any.

A Trump victory has sent cryptocurrency prices higher, with Bitcoin hitting several records during the current trading week.

Dogecoin hit a one-month and one-year high in the last 24 hours with a price of $0.4359. The cryptocurrency has traded between $0.07028 and $0.4359 over the past year. The cryptocurrency has failed to return to its all-time high in recent years, with the current rally the closest the coin has been since then.

Optimism for Trump’s administration and Musk’s role for DOGE could continue to put Dogecoin in the spotlight.

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This article was previously published by Benzinga and has been updated.

Image created using artificial intelligence via Midjourney.