What $1,000 Invested 2 Years Ago Is Worth Today

Dogecoin (DOGE) vs. GameStop (GME): Today’s Value of $1,000 Invested 2 Years Ago

Dogecoin (DOGE) and GameStop (GME) come from drastically different asset classes. However, they share several similarities. Both have experienced significant price increases over the past few years, largely driven by retail investors seeking to challenge the larger financial system. But which asset was more successful in achieving this goal, as measured by price appreciation? Let’s take a closer look.

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DOGE and GME have made significant gains in 2020 and 2021, with billions of dollars flowing into projects, causing prices to rise.

The price of GME rose from under $20 at the beginning of 2021 to nearly $500 on January 28, 2021. This marked a price increase of over 2,700% in less than a month.

The price for DOGE rose from below $0.05 in February 2021 to an all-time high (ATH) of approximately $0.75 in April 2021, representing a gain of 1,400%.

At the time, these price movements attracted great media attention. Regarding DOGE, price movements were largely attributed to Elon Musk’s tweets and a viral component on social media. The price increases for GME were the result of mass buying from the Reddit community r/WallStreetBets. Additionally, some brokerage firms began limiting their stock-purchasing activities, angering investors and further fueling the rise.

However, significant price increases occurred a few years ago and some of that hype has since faded. While both assets are still well above their 2020 levels, they are down significantly from the highs seen in the first half of 2021. Despite this, interest in the assets has continued after the decline from their peak, and they have performed surprisingly well over the past two years.

If you had invested $1,000 each in DOGE and GME two years ago, you would have been sitting on a total of over $2,860. Of this, an investment in DOGE would be worth $1,660 and an investment in GME would be worth $1,200.

The price of DOGE increased from $0.09 two years ago to $0.15 today. Over the time frame, the price of GME increased from $25 in May 2022 to $30 in May 2024.

However, it is important to note that GME price increased in May 2024 after financial analyst Roaring Kitty, who played a key role in bringing attention to GME in 2020 and 2021, returned to social media. The price of GME has increased from below $11 in early May to over $30 at the time of this writing. Therefore, investing in GME would not be profitable until mid-May.

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The investments combined would have generated a return of over 40%, outpacing the S&P500’s gain of just over 30% over the same period.

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