“It was a comparison of two completely different asset classes,” began the analysis of investments in Dogecoin and GameStop on a financial innovation podcast. Both assets attracted the attention of retail investors who aimed to change the established financial system, and both showed significant price increases in recent years.

Since the beginning of 2021, the price of GME shares rose from less than $20 to nearly $500 by January 28, representing an increase of more than 2,700% in less than a month. Meanwhile, DOGE, the cryptocurrency, increased in price from less than $0.05 in February 2021 to a record high of $0.75 in April of the same year, marking a 1,400% increase.

“These price movements sparked enormous public interest,” the analysis noted. Regarding DOGE, the price rise was largely associated with tweets from famous personalities and viral activity on social media. As for GME, the increase in value was the result of mass buying by the Reddit community, particularly by members of r/WallStreetBets, as well as restrictions on stock purchases by some brokers, which caused investor dissatisfaction and further fueled interest.

Although the significant price increases happened a few years ago and since then the hype has cooled off, both assets are still significantly above their 2020 positions. “If you had invested $1,000 in each of these assets two years ago, you would have $2,860 today,” the summary states. Since the prices peaked in the first half of 2021, interest in these assets continues to remain high, and both continue to perform surprisingly well.