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.
DOGE has also attracted the love of the world's richest man, Elon Musk. Musk has never been shy about supporting memecoin. The tech billionaire has stated that he likes the coin's non-serious nature. Musk has also allowed DOGE payments for many of his projects, such as Tesla merchandise.
$1500 Dogecoin Would Be $1.57 Million Today
If you invested $1,500 in DOGE in 2013, your investment would be worth $1.57 million today. The increase in value represents a growth of approximately 104,892.07%.
Dogecoin (DOGE) reached an all-time high of $0.7316 on May 8, 2021. If you sold your coins when DOGE was at its peak, you would have made $2.77 million. In this case, your investment would have increased by 184,998.5%.
When Will $1000 Memecoin Become $1 Million?
If you bought $1,000 worth of DOGE today, you would get about 2,570.69 coins. For 2,570.69 coins to be worth $1 million, the price of each coin would need to be about $389. For DOGE to reach $389, its price would need to increase by 99,900%.
A 99,900% increase may seem like an impossible feat, but DOGE has never done this before. Reaching $389 is no easy task either.
According to Changelly, Dogecoin (DOGE) will hit $389 sometime after 2050. The platform predicts the memecoin will trade at a maximum price of $106.47 in 2050. If the asset gains widespread adoption, we could hit $389 much sooner than predicted.
