What Would $100 Be Worth if You Invested in Dogecoin, Shiba Inu, or Pepe on Launch Day?
The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice
Early investors are risk-takers, as they usually invest in a project without proof of past returns, just projections.
However, they also get the highest returns if the project succeeds. The meme coins, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), have rewarded their investors greatly in the past. We will look at the current worth of a $100 investment on the launch day of these tokens and speculate on NuggetRush (NUGX), a cryptocurrency currently in presale.
$100 Worth of DOGE
Palmer and Markus created Dogecoin in 2013 as a result of the meme-loving cryptocurrency community becoming interested in a tweet about investing in the yet-to-be-created cryptocurrency. It officially launched in December 2013, and the first officially recorded price of the token is about $0.0005128 per token.
Presently, experts have listed risks associated with investing in DOGE, despite the still-associated social media hype, internet tribe support, or celebrity endorsement. Some of the listed risks include the high issuance rate of 10,000 DOGE every minute to successful miners and the concentrated ownership, which leaves over 40% of all DOGE in nine wallets, with one holding as much as 28%.
Despite these realities, early investors in DOGE presently have a good return on investment, even with the turbulent price it has experienced. $100 would have given an investor over 195,007 DOGE at its launch. As of the time of this writing, DOGE was selling for $0.080417, and with this price, that portfolio would have had over $16,413 worth of DOGE. That is over 16,400% higher than the invested amount.
So, if you had invested $100 in DOGE at its launch, you would have had over $16,400 in your portfolio.
$100 worth of SHIB
According to records, Ryoshi, an anonymous developer, person, or group, created Shiba Inu in August 2020 as an experimental decentralized community project, drawing inspiration from the Doge meme. At its launch, SHIB was trading at about $0.00000000051 per token, meaning that a $100 investment would have fetched a portfolio of about 196,078,431,372 SHIB tokens.
While some have not believed in this coin and presented the known risks of volatility, regulatory challenges, and the speculative nature of meme coins to its investors, and it has experienced its share of ups and downs since its launch, SHIB is not where it was at its launch.
As of the time of this writing, SHIB was selling for $0.00000852. Going with this price, $100 worth of SHIB tokens from the launch would be worth over $1,670,588.
$100 worth of PEPE
PEPE first began trading on April 15, 2023, and made its debut at $0.000000001. As it is with many meme coins, there is no intrinsic value attached to PEPE, and it was not created to be held in hopes of a financial return. Despite this information shared on the official website, the PEPE token saw a price surge almost immediately after its launch.
With its price reaching an all-time high of about 0.00000431 in only 20 days after its launch, PEPE made many of its early investors rich. Following the volatility of the market and the dwindling fascination with meme coins, PEPE is currently selling for $0.00000115.
If an investor had gotten $100 worth of PEPE on April 15, they would have a PEPE portfolio with 1,00,000,000,000 PEPE tokens. At the current price, those tokens would be worth $115,000, which is an increase of 115,000%.
Despite the perceived dangers associated with investing in meme coins, they appear to be worth the time, especially for early investors. While many of the meme coins have little value, NUGX of NuggetRush aims to be different with its GameFi and Impact Gaming offers.
$100 worth of NUGX
NuggetRush integrates the practice and knowledge of gold mining, the technology of cryptocurrency, and real-world artisanal mining to create an innovative play-to-earn (P2E) game that provides an immersive gaming experience. Its meme coin, NUGX, will serve as the governance token on the platform, which will contain a player-driven peer-to-peer (P2P) NFT marketplace.
Presently, in round two of its presale, NUGX is selling for $0.012.
NUGX plans to list at $0.020
Visit NuggetRush Presale Website
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