Dogecoin: How to Be a Millionaire If DOGE Hits $1?

Paigambar Mohan Raj
Dogecoin on a rocket
Image Source: Watcher Guru

Dogecoin (DOGE) has turned many early investors into multi-millionaires. The original memecoin is one of the most popular cryptocurrencies in the market and has seen a significant rally in March.

Despite a 1.9% correction in the daily charts and a 1.4% correction in the weekly charts, DOGE’s price is still up by over 46% in the 14-day charts and over 12% in the previous month. Moreover, DOGE has risen by over 137% since April 2023.

Source: CoinGecko

Also Read: Dogecoin: Doge is Forecasted to Hit This Critical Milestone Soon!

However, DOGE fans and investors continue to pursue higher prices, especially the $1 mark.

How to be a millionaire if Dogecoin (DOGE) hits $1?

You will need one million DOGE tokens to have $1 million worth of DOGE at $1 per coin. The price of one million DOGE right now is about $180,000. The rise in the portfolio’s value would translate to a growth of about 455.5%.

However, the journey to $1 is not an easy task. According to Changelly, Dogecoin (DOGE) won’t hit $1 till at least December 2027, about three-and-a-half years from now. Telegaon, on the other hand, anticipates DOGE to breach the $1 mark in 2026, reaching a maximum price of $1.26 for the year.

Also Read: Did Elon Musk Sell 250 Million Dogecoin Worth $49.5 Million?

However, there is a possibility that Dogecoin (DOGE) will hit $1 sooner than predicted. Avid DOGE fan and tech billionaire Elon Musk recently said that Tesla may enable DOGE payments for their vehicles. The company currently only accepts DOGE for its merchandise. If Tesla enables DOGE payments for its cars, the asset may see a sudden price spike. Moreover, Musk’s X social media platform may also include DOGE payments in its upcoming payments feature. Both developments may lead to DOGE hitting new highs.