Roses are purple, violets are blue, flowers are overrated, does Mother need crypto from you?
When you’re combating what to get your mother for Mom’s Day, a present of cryptocurrency is an choice. Right here’s a take a look at whether or not a present of crypto on Mom’s Day final 12 months would have been funding.
What Occurred: Mom’s Day is being celebrated at the moment. Whereas many will get their mothers flowers and a card, another choice is shopping for shares of a number of the most useful and most well-known public companies. Others would possibly contemplate gifting their mothers cryptocurrency as a long-term wager on a rebound over the approaching years.
Mom’s Day was designated an official vacation by then President Woodrow Wilson in 1914 and is well known on the second Sunday of Could. Final 12 months, Mom’s Day was celebrated on Could 8, 2022. Right here’s a take a look at how an funding and reward in three main cryptocurrencies at that time can be price now.
Associated Hyperlink: Here’s How Much $100 In Dogecoin Today Could Be Worth If DOGE Returns To All-Time Highs
Bitcoin: .0028 BTC
Dogecoin: 781.25 DOGE
Ethereum: .0379 ETH
Investing $100 in every cryptocurrency final Mom’s Day can be price the next primarily based on costs on the time of writing:
A $300 reward consisting of the three prime cryptocurrencies can be price $199.79 at the moment, a decline of 33.4%.
Whereas the decline is steep, it’s truly an enchancment over the 51% decline seen in the identical three cryptocurrencies between Mom’s Day 2020 and Mom’s Day 2021.
Those that purchased their mothers cryptocurrency for Mom’s Day in 2020 would have a distinct story to inform.
A $100 funding every in Bitcoin, Dogecoin and Ethereum on Mom’s Day 2020 would have been in a position to purchase the next quantities and now be price the next:
Bitcoin: 0.0104 BTC, $279.14
Dogecoin: 38,270.19 DOGE, $2,755.45
Ethereum: 0.4727 ETH, $852.99