In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it all away to charity. Dogecoin was created in December 2013 and sought to capitalize on the popularity of the then-popular Shiba Inu-inspired doge meme, with Vitalik describing DOGE as among the first “fun coins” launched into the burgeoning crypto asset ecosystem.
Although he was impressed by the community that had formed around DOGE, Vitalik joked about the lack of investment thesis informing his decision, stating: “At the beginning, people didn’t take it very seriously […] I just remembered thinking to myself, how am I going to explain to my mum that I just invested $25,000 into Dogecoin […] like the only interesting thing about this coin is a logo of a dog somewhere. But of course, that was one of the best investments I have ever made.”
Although Buterin stated that DOGE “did really well” over the following years, he recalled being caught off-guard by the speculative frenzy that resulted from Elon Musk’s fascination with the meme-coin. Musk’s interest in DOGE appeared to stem after a 2019 community vote that revealed the SpaceX founder to be the project’s most-desired hypothetical CEO in 2019 — four years after Dogecoin’s founder had abandoned the project.
Despite backing the project relatively early into its development, Buterin emphasized he did not anticipate that Dogecoin would capture the mainstream imagination and re-emerge as a leading crypto asset by capitalization: “DOGE becoming this big phenomenon, where there’s even a lot of people that have heard of DOGE that have not heard of Ethereum, is something that even I was not predicting.”
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 85.2% | 16 | $41 800.30 | 6.07% | 12.97% | $817 650 631 149 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 85.6% | 27 | $2 254.14 | 4.72% | 11.49% | $271 021 537 915 | ||
3 | ![]() |
Tether predictions | 92.4% | 1 | $1.000265 | 0% | -0.01% | $89 671 342 751 | ||
4 | ![]() |
Binance Coin predictions | 82.4% | 26 | $231.16 | 1.80% | 1.90% | $35 066 472 230 | ||
5 | ![]() |
XRP predictions | 84% | 30 | $0.623299 | -0.16% | 3.17% | $33 588 707 166 | ||
6 | ![]() |
Solana predictions | 65.6% | 67 | $61.88 | -1.23% | 12.69% | $26 257 579 897 | ||
7 | ![]() |
USD Coin predictions | 94.4% | 1 | $1.000124 | 0.04% | -0.01% | $24 497 048 556 | ||
8 | ![]() |
Cardano predictions | 82% | 28 | $0.406130 | 3.91% | 6.67% | $14 340 520 491 | ||
9 | ![]() |
Dogecoin predictions | 78.4% | 39 | $0.088204 | 4.68% | 11.59% | $12 533 317 054 | ||
10 | ![]() |
Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
TRON predictions | 83.6% | 19 | $0.103896 | 0.88% | -0.38% | $9 196 297 643 | ||
12 | ![]() |
Wrapped TRON predictions | 84.4% | 21 | $0.103677 | 0.55% | -0.65% | $9 176 826 999 | ||
13 | ![]() |
Chainlink predictions | 74.8% | 43 | $15.94 | 0.45% | 11.66% | $8 875 045 850 | ||
14 | ![]() |
Toncoin predictions | 84% | 22 | $2.39 | -0.69% | -0.72% | $8 206 328 944 | ||
15 | ![]() |
Avalanche predictions | 56.8% | 87 | $21.84 | 0% | 5.94% | $7 977 619 351 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.