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

Published 28/02/2024, 00:19
© Reuters. If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Memecoin, Here's How Much You'd Have Today

Benzinga - Leading cryptocurrencies are moving higher in February, including sector leader Bitcoin (CRYPTO: BTC), which hit levels last seen in November 2021.

Also joining the party of higher cryptocurrency prices is popular memecoin Dogecoin (CRYPTO: DOGE).

Here's a look back at how much an investment in Dogecoin would be worth based on a key event in the coin's history.

First Elon Musk Tweet: Billionaire Elon Musk has been one of the biggest supporters of Dogecoin in recent years.

Several tweets by Musk in 2021 and an appearance on "Saturday Night Live" where the billionaire discussed the memecoin led to all-time highs for Dogecoin.

Musk first mentioned the Shiba Inu-themed meme cryptocurrency replying to a user on social media platform X, formerly known as Twitter, in April 2019.

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 at the time via a Twitter poll with 49% of the vote.

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