If You'd Invested $500 in Dogecoin 5 Years Ago, Here's How Much You'd Have Today

Dogecoin is the original meme token that took off due to the power of virality and social media.

The original meme token Dogecoin ( DOGE -0.73% ) launched toward the end of 2013, largely as a joke about cryptocurrencies, leveraging the Shiba Inu dog as its mascot. But what started as a joke rose to unimaginable highs in 2021 and has lasted far longer than most could have imagined. Today, Dogecoin is the eighth-largest cryptocurrency in the world with a market cap over $37 billion as of Sept. 24.

Still, despite its survival, Dogecoin has no real-world utility. Unlike Bitcoin , the world's largest cryptocurrency , which is viewed by many investors as a superior store of value due to its 21 million finite tokens, Dogecoin grows its supply by 5 billion tokens every year.

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