Dogecoin (DOGE) is one of the most successful cryptocurrency projects on the market. The original memecoin has come a long way in its more than ten-year history. Early investors in DOGE have made millions of dollars in profits over the past few years.
DOGE has also won the favor of the world’s richest man, Elon Musk. Musk has never shied away from supporting memecoins. The tech billionaire said he likes the non-serious nature of the coin. Musk has also enabled DOGE payments for many of his businesses, such as Tesla merchandise.
$1,500 Dogecoin is now worth $1.57 million
If you had invested $1,500 in DOGE in 2013, that investment would have grown to $1.57 million today. The increase in value is equivalent to an increase of approximately 104,892.07%.
Dogecoin (DOGE) hit an all-time high of $0.7316 on May 8, 2021. If you had sold your tokens when DOGE peaked, you would have made $2.77 million. In this case, your investment would have grown by 184,998.5%.
When will $1,000 worth of Memecoin become $1,000,000?
If you buy $1,000 worth of DOGE today, you will get about 2,570.69 tokens. For 2,570.69 tokens to be worth $1 million, the price per token must reach about $389. For DOGE to reach $389, its price must increase by 99,900%.
A 99,900% increase may seem impossible, but it’s not something DOGE hasn’t done before. Reaching $389 isn’t going to be easy, either.
According to Changelly, Dogecoin (DOGE) will reach the $389 mark after 2050. The platform expects the memecoin to trade at a maximum price of $106.47 by 2050. If the adoption of the asset surges, we might reach the $389 mark sooner than expected.
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