Dogecoin (DOGE) has seen stellar growth in its 11-year history. The original memecoin’s price shot up during the 2021 bull run. DOGE has solidified itself as one of the most popular and rewarding memecoins in the market. Early investors have made millions of dollars in profit with minimal investments.
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Just $540 In Dogecoin Becomes $1 Million Today
DOGE was at its lowest on May 6, 2015. If you had invested just $540 in the memecoin when it was at its lowest point, the investment would have been worth more than $1 million today. Your money would have risen by 186,912.71%.
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Dogecoin (DOGE) hit an all-time high of $0.7316 on May 8, 2021. If you had sold your holdings when the memecoin was at its peak, the investment would have got you $4.08 million. In this scenario, your investment would have grown by 756,170.05%.
Can You Still Make It Big With The Memecoin?
Dogecoin (DOGE) has faced substantial hurdles over the last few years. The memecoin is down by 76.7% from its 2021 all-time high. While many believe the DOGE boat has sailed, others think there is still room for growth. Many are hopeful that DOGE will eventually breach the $1 mark.
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Elon Musk is probably the most significant DOGE supporter globally. The tech-billionaire has showered support for the memecoin on multiple instances. There is a lot of talk about Musk’s X social media platform incorporating DOGE in its payment feature. While there is no official confirmation, DOGE fans and supporters anticipate Musk to make the move. Musk has enabled DOGE payments for many of his ventures. There is a high probability that X will get the same treatment. If X includes DOGE in its payment platform, the memecoin could experience a massive surge in adoption. The move could lead to the asset hitting a new all-time high.