Dogecoin: How To Become a Millionaire When DOGE Hits $1.5?

Paigambar Mohan Raj
Dogecoin placed on a US dollar note
Image Source: Unsplash

Dogecoin (DOGE) is the original memecoin, launched in December 2013. DOGE has come a long way in its 11-year history. Many early investors made millions in profits when DOGE’s price went to the moon in 2021. However, DOGE’s price has fallen nearly 80% from its 2021 peak of $0.7316. Nonetheless, DOGE fans and investors are pursuing higher prices for the original memecoin.

Also Read: Dogecoin Metric Surges 582% as DOGE Whales May Drive a Rally.

If Dogecoin (DOGE) hits $1.5, you will need about 666666.66 coins to have one million dollars worth. The price of 666666.66 DOGE right now is about $98,000. The rise in value would translate to a growth of about 920.4%.

When will Dogecoin (DOGE) hit $1.5?

DOGE has faced a significant correction in the last few weeks. The asset is down by 1.3% in the daily charts, 2.5% in the 14-day charts, and 26.3% over the previous month. Nonetheless, DOGE is still up by 17.2% in the weekly charts and over 102% since May 2023.

Source: CoinGecko

According to Changelly, Dogecoin (DOGE) will breach the $1 mark in September 2028, over four years from now. Moreover, the platform predicts DOGE to hit $1.5 in September 2029. Reaching $1.5 from current levels would translate to a growth of about 971%.

Also Read: Is Shiba Inu Better Than Dogecoin? Analyst Explains

Telegaon, on the other hand, is more bullish on DOGE. The platform anticipates DOGE to breach the $1 mark in 2026, reaching a maximum price of $1.26 for the year. Moreover, Telegaon predicts DOGE to breach the $1.5 mark in 2027, reaching a maximum price of $1.67 that year.

There is also a possibility that Dogecoin (DOGE) will reach the $1.5 level much earlier than predicted. Elon Musk recently said that Tesla may begin DOGE payments for its cars soon. If so, the popular memecoin may see a sudden surge in price and adoption.