Dogecoin (DOGE) is one of the most successful cryptocurrency projects in the market. The original memecoin has come a long way in its over a decade-long history. Early investors of DOGE have made millions of dollars in profit over the last few years.
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DOGE has also garnered the affection of the world’s richest person, Elon Musk. Musk has never shied away from supporting the memecoin. The tech billionaire has stated that he loves the non-serious nature of the coin. Musk has also enabled DOGE payments for many of his ventures, such as Tesla merchandise.
$1500 In Dogecoin Becomes $1.57 Million Today
If you invested $1500 in DOGE in 2013, the investment would have grown to $1.57 million today. The rise in value translates to a growth of about 104,892.07%.
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Dogecoin (DOGE) hit an all-time high of $0.7316 on May 8, 2021. If you sold your coins when DOGE was at its peak, you would have made $2.77 million. In this scenario, your investment would have grown by 184,998.5%.
When Will A $1000 Worth Of The Memecoin Become $1 Million?
If you buy $1000 worth of DOGE today, you will receive about 2570.69 coins. For 2570.69 coins to be worth $1 million, the price of each coin has to reach about $389. For DOGE to hit $389, its price has to rally by 99,900%.
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Rallying by 99,900% may seem like an impossible endeavor but it is not something DOGE has not done before. Hitting $389 will not be an easy task either.
According to Changelly, Dogecoin (DOGE) will hit the $389 mark sometime after 2050. The platform anticipates the memecoin to trade at a maximum price of $106.47 in 2050. If the asset experiences a surge in adoption, we may hit the $389 mark much sooner than predicted.
