Here’s How Much $100 Invested In Dogecoin Will Be Worth If It Recovers To Pre-FTX Crash Levels – Tesla (NASDAQ:TSLA), Dogecoin (DOGE/USD)

Dogecoin DOGE/USD has not been spared in the crisis that has enveloped cryptocurrencies in the wake of the liquidity crunch facing Sam Bankman-Fried-led firms FTX and AlamedaResearch.

The troubles at the beleaguered cryptocurrency exchange, FTX, intensified after Binance said it would not be acquiring the platform citing issues “beyond our control.”

Bankman-Fried said on Wednesday that FTX “urgently needs” $8 billion to stave off bankruptcy, and he hoped to raise as much as $3 billion to $4 billion in equity.

See Also: 10 Best Robinhood Alternatives To Use In 2022

The Investment: DOGE has fallen 38.1% over the last week and over the course of 24 hours its price has dropped 7% to $0.08.

Before the FTX crisis unfolded, Dogecoin was buoyant — particularly at the beginning of the month when it hit the 15-cent mark. The rise in the price of memecoin came after Tesla Inc. TSLA CEO completed the purchase of Twitter. There was speculation that Twitter could introduce a cryptocurrency wallet at the time.

If DOGE were to regain the levels seen on Nov. 1, here’s how much an investor stands to gain if they invested $100 in the same coin at the time of writing when it traded at $0.08.


investment Date Of Purchase/Listing Purchase Amount Purchase Price Units/Shares Obtained Worth If Price Bounces To Nov. 1 Level Percent Change
Dogecoin (DOGE) Nov. 10, 2022 $100 $0.08 1213.30 $190.73 90.73%

The investor stands to gain 90.73% should DOGE regain its Nov. 1 price level and the $100 investment would turn into $190.73.

Read Next: JPMorgan Analysts See Bitcoin Falling To $13,000 Amid ‘Cascade Of Margin Calls’

Leave a Comment

Your email address will not be published.