Ethereum
If You Bought Your Mom $100 in Bitcoin, Dogecoin, and Ethereum Last Mother’s Day, Here’s How Much She Would Have Today
Roses are red, violets are blue, flowers are overrated, does mom want crypto from you?
If you don’t know what to give your mother for Mother’s Day, a cryptocurrency donation is an option.
Here’s a look back at the historical returns of several cryptocurrencies on Mother’s Day last year.
What happened: THE approval of Bitcoin ETFs by the SEC earlier this year brought more attention to the cryptocurrency sector and led to a price rebound.
This means that if you bought your mom some cryptocurrencies for Mother’s Day last year, she might be very happy to see you this year.
Certainly, flowers and a card are always a thoughtful option for Mother’s Day and provide a more stable gift choice compared to periods of high volatility often seen in the cryptocurrency market.
Mother’s Day has been designated a public holiday by the President Woodrow Wilson in 1914 and is celebrated on the second Sunday in May. Last year, Mother’s Day was celebrated on May 14, 2023. Here’s a look at the current value of an investment and gift in three major cryptocurrencies at this time.
Related link: Mother’s Day 2024: Heartfelt Ways to Make Mother’s Day Special, No Matter the Distance
Invest $100 in Bitcoin, Dogecoin, Ethereum: Here’s how much it costs to invest $100 in each of the Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) And Ethereum (CRYPTO: ETH) could have purchased on May 14, 2023.
Bitcoin: 0.0037 BTC
Dogecoin: 1,377.75 DOGE
Ethereum: 0.0548 ETH
Investing $100 in each cryptocurrency last Mother’s Day would be worth the following, based on prices at the time of writing:
Bitcoin: $226.33
Dogecoin: $199.60
Ethereum: $160.67
A $300 gift of the three well-known cryptocurrencies would be worth $586.60 today, a gain of 95.5%.
Compare this return to a loss of 33.4% from Mother’s Day 2022 to Mother’s Day 2023 and a loss of 51% from Mother’s Day 2021 to Mother’s Day 2022.
Of course, those who redeemed their mother’s cryptocurrency on Mother’s Day 2020 would have a different story to tell.
An investment of $100 each in Bitcoin, Dogecoin, and Ethereum on Mother’s Day 2020 would have purchased the following amounts and would now be worth the following:
Bitcoin: 0.0104 BTC, $636.16
Dogecoin: 38,270.19 DOGE, $5,544.28
Ethereum: 0.4727 ETH, $1,385.89
The $300 investment or gift to mom for Mother’s Day 2020 would be worth $7,566.33 today, an increase of 2,422.1%.
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also receive the ultimate morning update from Benzinga AND a free $30+ gift card!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.