If You'd Invested $1,000 in Dogecoin 5 Years Ago, Here's How Much You'd Have Today

• Dogecoin's five-year returns are an awesome 1,380%, good up of respective different apical cryptocurrencies.

• However, it deed an all-time precocious connected May 7, 2021, and has plummeted since then.

• While a tiny fig of meme coins find immoderate success, this usually doesn't past long.

• 10 stocks we similar amended than Dogecoin ›

Although Dogecoin (CRYPTO: DOGE) doesn't person overmuch going for it arsenic an investment, it has been 1 of the astir palmy cryptocurrencies. It's worthy astir $21 cardinal (as of Jan. 22), making it 1 of the 10 largest coins by marketplace cap.

This meme coin has besides delivered staggering returns to those who got successful early. Here's however overmuch it has grown successful the past 5 years.

Over the past 5 years, Dogecoin's worth has accrued by 1,380%. If you'd invested $1,000 successful Dogecoin connected Jan. 22, 2021, and held connected until Jan. 21, 2026, your DOGE tokens would beryllium worthy $14,750. That's amended than the instrumentality you would've gotten from Bitcoin, Ethereum, XRP, and adjacent tech elephantine Nvidia.

Despite that, you mightiness inactive beryllium disappointed successful the results. Why? Because for a little play successful 2021 (around the clip Dogecoin instrumentality Elon Musk appeared connected Saturday Night Live), your Dogecoin presumption would've been worthy implicit $75,000. And aft the 2024 statesmanlike election, it would've been worthy astir $50,000. You'd inactive beryllium sitting connected sizable profits today, but astir apt wishing you had taken the large wealth erstwhile you had the chance.

Cryptocurrencies successful wide are highly volatile, and that's particularly existent with meme coins. Because their maturation comes from hype alternatively than cardinal value, meme coins thin to person precise short-lived peaks, if any. The highest is usually followed by a sell-off and a steep drop.

For that reason, it's important to beryllium acceptable to merchantability astatine a moment's announcement if you bargain meme coins. Otherwise, you could miss your accidental -- and astir crypto trades do. Dogecoin is present down implicit 80% from its all-time precocious of $0.74 successful 2021 and has ne'er travel adjacent to that terms since then. Some radical similar to bargain meme coins for amusive oregon arsenic a benignant of integer lottery ticket.

The amended option, though, is to instrumentality to cryptocurrencies with morganatic usage cases, arsenic buying meme coins is overmuch person to gambling than investing.

Before you bargain banal successful Dogecoin, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Dogecoin wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.