If You Invested $1,000 In Dogecoin On Jan. 1, 2021, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
Dogecoin (CRYPTO: DOGE) has seen significant growth since its inception as a joke cryptocurrency. An investment of $1,000 in Dogecoin at the start of 2021 would be worth $17,343.89 today, a return of 1,634.4%. The article compares this with investments in SPDR S&P 500 ETF Trust (NYSE:SPY), Tesla Inc (NASDAQ:TSLA), and Apple Inc (NASDAQ:AAPL) over the same period, with returns of +21.8%, +2.8%, and +45.5% respectively.
December 06, 2023 | 9:11 pm
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NEUTRAL IMPACT
Apple Inc's stock provided a return of +45.5% on a $1,000 investment since the end of 2020.
Apple's strong performance is noteworthy, but the comparison with Dogecoin's higher returns is not expected to directly affect AAPL's short-term stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust provided a return of +21.8% on a $1,000 investment since the end of 2020.
While SPY has shown positive returns, the comparison with Dogecoin's much higher returns may not significantly impact SPY's short-term performance as it tracks a broad market index.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Tesla Inc's stock provided a return of +2.8% on a $1,000 investment since the end of 2020.
Tesla's modest return compared to Dogecoin's significant gain is unlikely to have a short-term impact on TSLA's stock price as it operates in a different market sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Dogecoin's value has surged since early 2021, with a $1,000 investment then worth $17,343.89 today, showcasing a high return on investment.
The article highlights the significant return on investment for Dogecoin since early 2021, which is likely to attract investor attention and could potentially drive short-term interest and investment in the cryptocurrency.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100