{"id":463079,"date":"2021-05-05T12:00:11","date_gmt":"2021-05-05T12:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=463079"},"modified":"2021-05-05T12:56:19","modified_gmt":"2021-05-05T12:56:19","slug":"buying-dogecoin-with-stimulus-money-would-have-netted-you-over-500k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/buying-dogecoin-with-stimulus-money-would-have-netted-you-over-500k\/","title":{"rendered":"Buying Dogecoin With Stimulus Money Would Have Netted You Over $500k"},"content":{"rendered":"

The epic rise of Dogecoin continues to split<\/a> the crypto community. But one thing that’s not being disputed is DOGE’s unreal performance. In fact, investing stimulus money into DOGE shows a significant outperformance over Bitcoin.<\/p>\n

With a seemingly unstoppable surge, is now the time to admit we were wrong about Dogecoin?<\/p>\n

\"Dogecoin<\/p>\n

Source: DOGEUSD on TradingView.com<\/a><\/pre>\n
Dogecoin Outperforms Bitcoin By A Significant Margin<\/h2>\n
Much has been made over the dollar growth of stimulus money invested into Bitcoin as a point of difference between fiat and crypto. According to @BitcoinStimulus<\/a>, the original $1,200 payment made on April 15, 2020, is worth $10,211. That’s a 750% increase.<\/p>\n
But the scale of difference between Dogecoin and Bitcoin gets highlighted when the same calculation is applied to DOGE.<\/p>\n
A $1,200 DOGE investment in April 2020 would now be worth $439k, which equates to a 37,900% increase. This makes Dogecoin 50 times more profitable than Bitcoin.<\/p>\n
If an investor had used all of their stimulus money to buy DOGE on receiving each of the three stimulus payments<\/a>, they would be holding 787,250 tokens. At today’s price, that investment would be worth a staggering $536k.<\/p>\n
Binance CEO Changpeng Zhao<\/a> said he underestimated DOGE, amongst others. Blockfolio<\/a> points out DOGE is worth more than BMW now. As much as crypto purists may sneer at the meme token, the numbers do the talking.<\/p>\n
Even so, not everyone is convinced. Host of the Profit Maximalist podcast, Luke Martin<\/a>, drew attention to the precarious position of DOGE investors. He mentioned the fleeting “Elon effect,” and the hold that whales have as reasons why trading DOGE is like playing musical chairs.<\/p>\n
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Trading $DOGE<\/a> is like an advanced game of musical chairs except:<\/p>\n
\u2022Elon decides when the music starts
\u2022The top 1% of wallets decide when music stops
\u2022There's $70billion on the line
\u2022More than 50% of players won't find a chair<\/p>\n
One of the most interesting coins for this alone.<\/p>\n
— Luke Martin (@VentureCoinist) May 4, 2021<\/a><\/p><\/blockquote>\n