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Dogecoin (DOGE), which started as a joke in 2013, continues to be one of the most valuable and talked-about cryptocurrencies today. A retrospective calculation regarding the popular memecoin, which reached its ATH in 2021, is truly jaw-dropping. If you had bought $100 worth of Dogecoin in 2013, how much money would you have today? WHAT YEAR DID DOGECOIN LAUNCH?Dogecoin was launched in 2013 by Jackson Palmer and Billy Markus. This cryptocurrency was intended to be a satirical coin mocking Bitcoin. However, over time, it gained the support of a loyal community. The cryptocurrency was inspired by the iconic Doge meme featuring Kabosu, a Shiba Inu dog. One of the first uses of the coin was as a tipping bot on Reddit. The price of Dogecoin rose from $0.0002 to $0.002 within two weeks, providing significant returns for early investors. Although there have been ups and downs, DOGE reached all-time highs in 2021, a movement supported by Musk's appearance on "Saturday Night Live." Retailers and websites began accepting Dogecoin as a form of payment due to its popularity. Cryptocurrency exchanges like Coinbase and eToro added Dogecoin to their platforms due to customer demand. IF YOU HAD BOUGHT $100 WORTH OF DOGECOIN IN 2013, HOW MUCH MONEY WOULD YOU HAVE TODAY?According to Coinmarketcap data, Dogecoin started trading on December 15, 2013. Looking at the graph on the site, we see that the price of Dogecoin on December 15, 2013, was $0.0002993. With a $100 investment, 334,112.93 DOGE could have been purchased at that time. Based on Dogecoin's price of $0.3578 at the time of writing, the current value of the investment would be $119,545.06. Dogecoin reached an all-time high of $0.7376 in May 2021. A hypothetical $100 investment would have been worth $246,441.70 at that time. Note: No statement in this article constitutes investment advice. Responsibility for trading transactions lies entirely with the investor.
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