2024

Core

Arabic

Dogecoin

<div class="finbold">
 <p class="paragraph">With 2024 already nearing the end of its first quarter, it has been particularly generous to the cryptocurrency market, including Dogecoin (DOGE), and investors are wondering if they should have bought into the popular dog-themed meme coin back in January.</p>
 <p class="paragraph">As it happens, they should have, as it would have brought them substantial profits. Specifically, under the confluence of various positive factors, Dogecoin has gained over 90% to its price since the year’s <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>, increasing from $0.08947 on January 1 to the current $0.17088 as of March 12.</p>
 <h2 class="wp-block-heading" id="h-successful-year">Successful year</h2>
 <p class="paragraph">Specifically, DOGE has made several notable jumps in 2024, <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>ing with surpassing the first major resistance and psychological price mark at $0.10 in late February, after which it continued its steady path upward, which culminated at $0.20 on March 5, before consolidating in the $0.17 area.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Sell-off alert: Bitcoin whales are ‘increasingly cashing out’ <span class="self-center text-xs text-slate-500">22 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Leveraging small investments: Strategies for limited budgets <span class="self-center text-xs text-slate-500">22 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    JPMorgan CEO estimates 65% chance of a recession <span class="self-center text-xs text-slate-500">47 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies to turn $10 into $1,000 in March <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">These gains have coincided with the overall bullish sentiment in the crypto sector but also followed the positive developments in the Dogecoin ecosystem that have seen the fastest growth rate in the number of DOGE crypto wallets in history and over 1 million daily transactions in February.</p>
 <figure class="wp-block-image"><img decoding="async" width="900" height="593" src="https://cdn.thebittimes.com/images/2024/03/12/482c6638ee1de78d7fd033e40b853916.webp" alt="DOGE network growth." class="wp-image-160440" srcset="https://cdn.thebittimes.com/images/2024/03/12/482c6638ee1de78d7fd033e40b853916.webp 900w, https://cdn.thebittimes.com/images/2024/03/12/482c6638ee1de78d7fd033e40b853916.webp 300w, https://cdn.thebittimes.com/images/2024/03/12/482c6638ee1de78d7fd033e40b853916.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>DOGE network growth. Source: </em><em>Santiment</em>
  </figcaption>
 </figure>
 <p class="paragraph">On top of that, the network has entered the final stage of the Dogecoin Core 1.14.7 release plan that anticipated an approval of French-Canadian translation, Arabic translation, and an updated WSL (Windows subsystem for Linux) build guide, as DOGE core developer Patrick Lodder announced on February 25.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Entering the final stage of the Dogecoin Core 1.14.7 release plan.<br><br>Open items that still need your help to get approval within the next 48h:<br>– French-Canadian translation<br>– Arabic translation<br>– Updated WSL build guide<br><br>Links – thank you in advance ️</p>— Your Friend (@patricklodder) February 25, 2024
   </blockquote>
  </div>
 </figure>
 <h2 class="wp-block-heading" id="h-what-would-1-000-in-doge-be-worth-now">What would $1,000 in DOGE be worth now?</h2>
 <p class="paragraph">In other words, an investment of $1,000 in the Tesla CEO Elon Musk’s favorite crypto asset back when it stood at $0.08947 on January 1, 2024, would today, 10 weeks later, be worth <strong>more than $1,909</strong>, according to the most recent price data retrieved by Finbold on March 12.</p>
 <p class="paragraph">Indeed, DOGE was at press time changing hands at the price of $17088, recording a decrease of 3.43% in the last 24 hours, as well as a drop of 5.42% across the previous seven days but nonetheless advancing 106.77% over the past month and growing 89.05% since the year’s <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/03/12/dbfe10ca694f901ca10d58a7b3e248bc.webp" alt="Dogecoin 30-day price chart." class="wp-image-160441" srcset="https://cdn.thebittimes.com/images/2024/03/12/dbfe10ca694f901ca10d58a7b3e248bc.webp 750w, https://cdn.thebittimes.com/images/2024/03/12/dbfe10ca694f901ca10d58a7b3e248bc.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Dogecoin 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, investors who bought $1,000 worth of DOGE in early January would be making a massive profit if they sold them now. However, doing one’s own research before investing a substantial amount of money in any asset (or before selling it) is crucial.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/1000-invested-in-doge-at-start-of-2024-returned-tbt82335.html">https://thebittimes.com/1000-invested-in-doge-at-start-of-2024-returned-tbt82335.html</a></p>

$1000 invested in DOGE at start of 2024 returned

Table of Contents

TheBitTimes

Other articles published on Mar 12, 2024

Biden’s budget revives 30% tax on crypto mining to broaden digital asset tax base

Will Pushd (PUSHD) E-Commerce Presale 50X? Tron (TRX) & Ripple (XRP) Holders Explain Why Their Mo...

Coinbase CEO discusses Bitcoin’s necessity in light of US debt growth

Investor’s 2024 Blueprint: Top 5 AI Tokens for a Robust Portfolio

JASMY Hovers Near $0.02100; Can Bulls Maintain Their Dominance?

Grayscale Proposes New Cost-Effective Bitcoin Mini Trust

Join our free newsletter for daily crypto updates!