OG meme cryptocurrency Dogecoin (DOGE) is one of the oldest assets on the market. Despite never reaching $1, DOGE has managed to create several millionaires. The asset has even surged more than 100,000% from its all-time low of $0.00008547. DOGE is up nearly 4% in the past 24 hours as the overall market surges. At press time, the asset is trading at $0.1042.

How to Become a Millionaire with Dogecoin

Despite the price increase, the asset is still struggling to reach $1. To reach this milestone, the meme coin must rise by 859.63%. However, the positive DOGE market is making bullish bets.

How much DOGE do you need to buy to become a millionaire?

According to Changelly, it will take some time for Dogecoin to reach the $1.2 mark. The asset will rise to this high point only in 2030. Specifically, Dogecoin will reach $1.2 in June 2030. Taking this into account, an investor would need to buy a total of 833,333 Dogecoins at the current price to become a millionaire.

Since DOGE is trading at around 10 cents, the above purchase would cost about $86,833.

However, Telegaon takes a more optimistic approach. According to the platform, DOGE could reach the $1.2 mark as early as 2026. Despite this, the investment amount required to become a millionaire remains the same.

Why Meme Coin Could Reach $1 Faster Than Expected

Dogecoin’s ample supply and lack of utility are undoubtedly a major drawback for the meme coin. This further reduces the likelihood of the asset making its way towards the $1 mark.

However, significant collaboration or support from Elon Musk and other prominent figures could boost the price of DOGE.