If You Invested $1,000 in DOGE in 2021, Now That's How Much It Would Be Worth!

Bittime - Dogecoin Price (DOGE) is experiencing a surge ahead of Donald Trump's inauguration which is scheduled to take place on Monday, January 20. Dogecoin, which was launched in 2013, had its most memorable year in 2021.

As Dogecoin rises in 2025, let's take a look back at how much investors investing in the coin could have earned in early 2021, when social media buzz, a surge in Google trends, and the addition of listings on new exchanges fueled its rapid rise .

What Happens to Dogecoin in 2021?

Dogecoin has been in the spotlight in 2021, with public figures such as Elon Musk and Mark Cuban providing support and sharing positive views about the cryptocurrency on social media.

In early January, Dogecoin emerged as a popular topic on various social media platforms and saw an increase in search trends on Google.

Later in 2021, demand for Dogecoin caused more cryptocurrency exchanges to add the coin to their platforms, making it easier for investors to buy and hold Dogecoin. Often, the addition of Dogecoin to a new exchange or an announcement about its upcoming inclusion triggers a price spike for this cryptocurrency.

Read too How to Buy Dogecoin (DOGE)

Elon Musk is the figure behind the increase in Dogecoin prices

Throughout 2021, tweets from Musk frequently resulted in increased trading activity and an increase in the price of Dogecoin.

Dogecoin hit multiple all-time highs in 2021, with a peak of $0.7376 in May 2021, which coincided with when Musk guest-hosted an episode of “Saturday Night Live.

Investors who bought Dogecoin right before the SNL episode aired or in late 2021 may have experienced losses on their current positions.

Invest $1,000 in Dogecoin in 2021

Investors who see Dogecoin trending on social media as the new year begins and make a small investment in this cryptocurrency will be rewarded handsomely.

Dogecoin opened for trading on January 1, 2021 at $0.00468 and reached a high of $0.005685 that day. An investment of $1,000 at that time could have purchased 175,901.50 DOGE based on the day's high.

A $1,000 investment in Dogecoin is now worth about $73,474.06 (roughly IDR 1,204,000,000) based on the current price of $0.4177 for Dogecoin. This represents a hypothetical return of 7,247.4% over the last three years.

Read too Dogecoin Whale Buys 140 Million DOGE, 30% Increase Predicted Soon

Investing $1000 in Dogecoin at ATH can get around 2 billion Rupiah

At its peak price of $0.7376, a $1,000 investment in Dogecoin would be worth $129,744.95 (approximately IDR 2,129,000,000).

Investment in S&P500 ETF Trust Isn't That Significant

By comparison, the same $1,000 investment in the SPDR S&P 500 ETF Trust, which tracks the S&P 500 Index, would be worth $1,714.80 (approximately $28,100) today. This represents a return of 71.5% over the same period.

Read too Could a Dogecoin ETF Be Approved? Here are the dynamics and prospects

FAQ Dogecoin (DOGE)

1. How much would a $1,000 investment in Dogecoin be worth if purchased in early 2021? 

If invested in early 2021, $1,000 in Dogecoin would now be worth approximately $73,474.06 (approximately IDR 1,204,000,000), representing a hypothetical return of 7,247.4% over three years.

2. What happens to the price of Dogecoin in 2021?

Dogecoin experienced a significant price surge in 2021, peaking at $0.7376 in May 2021, thanks to support from public figures such as Elon Musk and increased demand on various cryptocurrency exchanges.

3. How does a Dogecoin investment compare to the S&P 500 ETF Trust?

A $1,000 investment in Dogecoin provides a much higher return than the same investment in the SPDR S&P 500 ETF Trust, which is worth just $1,714.80 (roughly IDR 28,100,000) today, representing a return of 71.5% over the same period.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Chris Katje, If You Invested $1,000 In Dogecoin On Jan. 1, 2021, Here's How Much You'd Have Today, Accessed January 18, 2025

Author: IN