Dogecoin (DOGE) has achieved tremendous success in its 11-year history. The price of the original memecoin skyrocketed during the 2021 bull market. Early investors made millions in profits with minimal investment.
A dogecoin worth $1000 has now appreciated to $3.85 million.
If you bought $1000 worth of DOGE at its lowest price on May 6, 2015, that investment would now be worth $3.85 million. Your portfolio value would have increased by 385,074.41%.
If you sold $1000 worth of DOGE when it peaked on May 8, 2021, you would have made $7.56 million. In this case, your investment would have grown by 756,170.05%.
Can you still become a millionaire with Memecoin?
If you buy $1000 worth of dogecoin (DOGE) today, you will receive approximately 3030.30 coins. For 3030.30 coins to be worth $1 million, the price per coin must reach about $330. To reach $330, the price of dogecoin would need to increase by about 99,900%. While this figure may seem large, it is not something memecoin has not achieved before.
Changelly analysts expect DOGE will not reach $330 before 2050.
DOGE has the potential to reach the $330 target before 2050. If we see another rebound like in 2021, this memecoin could create more new millionaires.
When President Donald Trump approved the establishment of the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy. The launch of DOGE could lead to a significant increase in memecoin prices. Musk is also one of the most vocal supporters of DOGE. His actions could lead to DOGE reaching unprecedented prices.
