There have been billionaires from crypto money investments, and there have been those who lost everything. So if you invested $1,000 in Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH) at the beginning of 2021, how much money would you have today?
Recognition and usage of cryptocurrencies increased in 2021
cryptocoin.com As you follow, cryptocurrencies have become more of a main topic and investment in 2021. As more is spoken about cryptocurrencies, many of them have gained in 2021, including the three most popular names. Let’s take a look at how BTC, DOGE, and ETH have performed from the beginning of 2021 to the present.
Bitcoin (BTC) has gained in value throughout 2021. They also entered the balance sheet of Tesla Inc, Block Inc and other publicly traded companies throughout the year. DOGE was one of the most sought-after cryptocurrencies in 2021. Also, popular names like Elon Musk and Mark Cuban have publicly supported DOGE. Thanks to this support, DOGE experienced a value explosion. With the rising trend of Non Fungible Token (NFT), many of which use the Ethereum Blockchain, ETH has gained popularity and usage.
Results of $1,000 investment in BTC, DOGE, ETH
It turns out that a $1,000 investment in each of the three most popular cryptocurrencies is a profitable trade in 2021. Let’s take a look at how a hypothetical investment ends in 2021 for each of the three cryptocurrencies mentioned.
Bitcoin traded at a high of $29,600.62 on January 1, 2021. With a $1,000 investment in Bitcoin on the first day of the year, you can buy 0.0338 BTC. Bitcoin ended 2021 with a price of $46,306.45. The $1,000 investment ended in 2021 at a value of $1,565.16. However, $1,000 in Bitcoin today would be worth $667.68.
DOGE traded at $0.005685 on January 1, 2021. On the first day of the year, it is possible to buy 175,901 DOGE with a $1,000 investment in Dogecoin. Dogecoin closed 2021 at a price of $0.1705. The $1,000 investment ended in 2021 at $29.991.12. On the other hand, at press time, $1,000 in DOGE would have been worth $10,939.28.
Ethereum traded at a high of $749.20 on January 1, 2021. On the first day of the year, it is possible to buy 1.3348 ETH with a $1,000 investment in Ethereum. ETH closed 2021 at a price of $3,682.63. The $1,000 investment ended in 2021 at a value of $4,915.57. But in the current situation, $1,000 in Ethereum would be worth $2,074.63.
So what would happen if we invested $1,000 in each of the three cryptocurrencies on January 1, 2021? In this case, our $3,000 investment would have ended 2021 at $36,471.85. However, by September 3, 2022, hypothetical investments in the three cryptocurrencies would be worth $13,681.59. This is significantly lower than 2021 year-end values. However, it’s still up 1,268 percent since the start of 2021. The value of BTC has dropped about 33% since the beginning of 2021. However, ETH and DOGE remain above 100% as of early 2021.
