The OG cryptocurrency, Dogecoin (DOGE) has become one of the most popular assets of this year. From obtaining approvals from the richest man in the world to climb the scale of the cryptocurrency, DOGE has seen everything. Despite all the worship that the memes piece obtains, the asset did not reach the $ 1 bar. However, this did not prevent investors from becoming millionaires.
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Analyze the current Dogecoin market
Dogecoin entered the market as a simple meme. But its price growth was not a joke. The asset has increased by 4,4982.41% since its introduction. Back on February 7, 2014, the memes piece was negotiated at a hollow of $ 0,00130. After a massive increase, DOGE reached a summit of $ 0.7,376 in May 2021.
Despite an annual growth of 220%, Dogecoin continues to stay far from its peak. At the time of the press, the asset was at a price of $ 0.252 after having dropped 4.42% in the last 24 hours.
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Although this does not seem ideal for the moment, a rather delicate investment in the past could have become a profitable feat today. According to Changelly, an investment of $ 5,000 in Doge that day in 2014 could have become one million today. To be precise, the company has revealed that the profits on this investment are currently amounted to $ 1,010,069.62. This marks an overvoltage of 20101.39%.
Become still millionaire on cards?
Donald Trump’s victory and his recent catch as President of the United States is a bullish feat for the entire cryptocurrency market. The addition of Elon Musk, a passionate supporter of Dogecoin, in the administration of Trump is a huge advantage for the memes play. Several believe that Musk will make sure to include Doge in the American government. In addition, better cryptocurrency regulations should change the situation for the industry.
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