Dogecoin (DOGE) is one of the most successful cryptocurrency projects on the market. The original memecoin has come a long way in its decade-plus history. Early DOGE investors have made millions of dollars in profits over the past few years.
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DOGE has also won the affection of the richest person in the world, Elon Musk. Musk has never hesitated to support memecoin. The tech billionaire said he liked the non-serious nature of the piece. Musk has also authorized DOGE payments for many of his businesses, such as Tesla merchandise.
$1,500 in Dogecoin becomes $1.57 million today
If you had invested $1,500 in DOGE in 2013, the investment would have grown to $1.57 million today. The increase in value translates to a growth of approximately 104,892.07%.
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Dogecoin (DOGE) reached an all-time high of $0.7316 on May 8, 2021. If you had sold your coins when DOGE was at its peak, you would have made $2.77 million. In this scenario, your investment would have increased by 184,998.5%.
When will $1,000 worth of Memecoin become $1 million?
If you purchase $1,000 worth of DOGE today, you will receive approximately 2,570.69 coins. For 2,570.69 coins to be worth $1 million, the price of each coin must reach approximately $389. For DOGE to reach $389, its price must increase by 99,900%.
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Gathering 99,900% may seem like an impossible endeavor, but it’s not something DOGE has ever done before. Reaching $389 won’t be an easy task either.
According to Changelly, Dogecoin (DOGE) will reach the $389 mark after 2050. The platform predicts that memecoin will trade at a maximum price of $106.47 in 2050. If the asset sees strong adoption, we could reach the mark from $389 much earlier. than expected.
