Dogecoin (DOGE) is the original memecoin, launched in December 2013. The asset has also turned several early investors into muti-millionaires. DOGE reached an all-time high of $0.7316 in May 2021. The popular memecoin is currently down by over 80% from its 2021 peak. However, the asset has presented multiple opportunities to reap millions of dollars in profit.
If you had invested $100 every month since its launch in December 2013, you would have invested $12,500 till now. However, the portfolio’s value would have risen to $4.40 million. The rise in profit translates to a growth of about 35,154%.
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However, if you had invested $100 monthly in Dogecoin (DOGE) from its launch till its all-time high in May 2021, you would have invested $9000. However, the portfolio would have grown to $7.50 million, a rise of about 83,302%.
Furthermore, if you had a higher budget and invested $1000 monthly in Dogecoin (DOGE) since its launch, you would have put in $125,000. However, the portfolio would have been worth $44.06 million.
On the other hand, if you invested $1000 monthly till May 2021, you would have put in $90,000. However, the portfolio’s value would have skyrocketed to over $75 million.
Can Dogecoin reclaim its all-time high?
DOGE is undoubtedly one of the most popular cryptocurrencies in the world. However, the asset has had a rough couple of years after its 2021 peak. Nonetheless, DOGE still has a few tricks up its sleeve.
Also Read: Dogecoin Forming Head and Shoulders: Can DOGE Hit New ATH in May?
Tech billionaire Elon Musk is one of the most avid Dogecoin (DOGE) fans. He recently said Tesla may soon enable DOGE payments for its cars. The company already accepts DOGE for its merchandise. Expanding DOGE payments to Tesla vehicles might give DOGE another boost.
Moreover, there are a lot of rumors about Dogecoin (DOGE) playing a part in X’s upcoming payment feature. The move may lead to a significant rise in DOGE’s adoption, which would consequently impact its price.