Dogecoin (DOGE) is the first meme coin, launched in December 2013. The asset has seen considerable success over the past decade. When the price of DOGE surged in 2021, early investors made huge profits.

To hold $1 million worth of DOGE at $2 per coin, you would need 500,000 tokens. The current price of 500,000 DOGE is about $58,000. If DOGE reaches $2, your portfolio will grow by more than 1,620%.

A gain of more than 1,600 percent is not something Dogecoin hasn’t done before. Since its launch in 2014, Dogecoin’s price has risen by more than 20,000 percent.

When Will Dogecoin Reach $2?

According to Changelly researchers, DOGE will break the $2 mark in 2031 (about seven years from now).

The platform predicts that the price of DOGE will reach a peak price of $2.05 in August 2031.

Telegaon analysts are more bullish on Dogecoin (DOGE) than Changelly, predicting that the asset will reach $2.12 in about four years, in 2028.

DOGE is facing significant resistance after its rally in March this year. The rally in March was likely sparked by Bitcoin (BTC) hitting new all-time highs, sparking a rally across the market.

There is a chance that Dogecoin could reach the $2 mark sooner than Changelly and Telegaon predict. There has been a lot of talk about DOGE being included in X’s upcoming payment platform.

X owner Elon Musk is also an avid fan of DOGE. Musk has expressed his desire to enable DOGE payments for Tesla cars. If both platforms accept DOGE, its adoption and price could surge.