$1000 invested in Dogecoin in 2015 worth ~$1.6 million today
Dogecoin has been the talk of the crypto town over the past few days, thanks to Elon Musk. Owing to the recent appreciation, investors have been fetched with more than 111% returns on their DOGE HODLings in just the past 7-days. Dogecoin’s Journey of eliminating zeros The largest memecoin was launched back in 2013. Per the launch-time data on CoinGecko, the asset was priced at around $0.0005 during its initial days. In the second week of 2014, however, Dogecoin dropped down to a low of $0.00020813. Source: CoinGecko Over the next few weeks, the tides reversed and the asset embarked on its journey of eliminating zeros. By February 2014, the asset’s price had already inclined to create a then-high of $0.00188. It sustained value for a while but eventually started declining. In May 2015, Dogecoin went on to create its all-time low of $0.0000869. Its price mostly remained stagnated over the next couple of years and only in 2017, was it able to re-attain its 2014 l...