Dogecoin (DOGE) has experienced incredible success in its 11-year history. The original memecoin has turned numerous early investors into multi-millionaires. The memecoin has also garnered the support of the world’s richest person, Elon Musk. Musk is one of the most significant DOGE supporters. The tech billionaire has even enabled DOGE payments for many of his ventures.
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How To Be A Millionaire When Dogecoin Hits $3.2?
To have a million dollars worth of DOGE at $3.2 per coin, you will need about 312,500 DOGE tokens. The price of 312,500 DOGE right now is about $120,000. If successful, your portfolio will grow by 733.33%.
Although a 733.33% rally may seem substantial, it is not something the memecoin has not done before. DOGE’s price has risen by 442,134% since May 2015, about nine years ago. From December 2020 till DOGE hit an all-time high of $0.73 in May 2021, The asset witnessed a rally of about 24,286%.
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When Will The Memecoin Hit $3.2?
According to the analyst at Changelly, DOGE will breach the $3.2 mark in March 2033, about eight years from now. The platform anticipates the memecoin to trade at a maximum price of $3.27 in March 2033.
Telegaon analysts are a lot more bullish on Dogecoin (DOGE). The platform anticipates the memecoin to breach the $3.2 mark as soon as 2026, about a year from now. The platform predicts DOGE will trade at a maximum price of $3.26 in 2026.
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Both forecasts are on two other sides of the spectrum. How the memecoin performs is yet to be seen. There is a lot of talk about Elon Musk enabling DOGE payments on X. If successful, the asset may witness a massive surge in adoption. The development could lead to a significant price spike.