Dogecoin DOGE/USD has spiked off and on prompted by the antics of billionaire-entrepreneur Elon Musk.
Its most recent spike came over the Thanksgiving weekend when the cryptocurrency shot up on speculation that Ethereum ETH/USD co-creator Vitalik Buterin and Musk were working on upgrading the meme coin.
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The Investment: A similar buzz surrounded the coin when Musk interacted with McDonald's Corporation MCD in late January about accepting DOGE. On Jan. 25, 2022, DOGE shot up to an intraday high of $0.1472 when McDonald's said it would accept the coin if Musk accepts one of its conditions.
Should an investor enter DOGE with a $100 investment at the time of writing when it traded at $0.095, here's how much they'd have if the bellwether meme coin touches the McDonald's buzz highs.
|Investment||Date Of Purchase/Listing||Purchase Amount||Purchase Price||Units/Shares Obtained||Worth If Doge Regains McDonald's Buzz Levels||Percentage Change|
|Dogecoin (DOGE)||Nov. 28, 2022||$100||$0.095||1052.63||$154.95||54.95%|
Should DOGE regain the price where it was when the McDonald's buzz was at its peak, an investor would gain $54.95 in profit.
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