( NASDAQ: TSLA) CEO Elon Musk pumped up the prices of meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu. Prices of dubious altcoins soared as Tesla Inc. SafeMoon shares began to take off like a rocket following mentions by online influencers, including Barstool Sports founder Dave Portnoy and social media celebrity Jake Paul. In fact, SafeMoon has never traded below its initial price of $0.000000001 on March 9, 2021. Related Link: If You Invested $1,000 In Solana At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now By the end of March, the cryptocurrency had already risen to $0.0000006 as investors piled into cryptos, including leaders Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). In addition, cryptocurrency investing became extremely trendy in 2021, and SafeMoon was one of the most popular cryptos in the market. Younger Americans receiving three rounds of direct stimulus payments have poured a significant chunk of that cash into investments, including SafeMoon. The SafeMoon launch in March 2021 came during the middle of the COVID-19 pandemic, and the timing couldn't have been better for investors. Related Link: If You Invested $1,000 In SafeMoon At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now
SafeMoon's Big Run: As strong as the stock market has been since it bottomed on March 23, 2020, SafeMoon (CRYPTO: SAFEMOON) has been much stronger. But there is no question some big-name stocks performed better than others since the pandemic bottom - and cryptocurrencies as well. Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years.
If You Invested $1,000 In SafeMoon At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now
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