The Dogecoin (DOGE) market has been making headlines over the past month. The meme coin went from being on the sidelines to being the biggest winner of the month. The asset has surged 155% over the past month. Considering this growth, the community looked back to 2013, the year DOGE debuted. At current prices, a fine investment back then could have turned into a fortune.
The Current State of Dogecoin
Dogecoin has surged 65,973.99% since its creation in 2013. Billy Marcus and Jackson Palmer created the asset. Initially launched as a satirical token that mimicked Bitcoin (BTC), the coin grew in popularity over time due to a loyal following.
At press time, DOGE is trading at $0.3697 after surging 6% in the past 24 hours. Moreover, Dogecoin has gained 32% in the last week. The price of Dogecoin is $0.4359, which marks a new one-month and one-year high. Over the past year, the cryptocurrency has fluctuated between $0.07028 and $0.4359.
Moreover, the memecoin has been unable to reach its peak in recent years. It should be noted that the current increase is the closest it has come since then. DOGE is nearly 50% below its all-time high of $0.7376.
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$1 to $1 million?
It is worth noting that on December 15, 2013, the price of Dogecoin was $0.0002993 per DOGE. Investing $100 in the memecoin market would have yielded 334,896 DOGE. Considering the growth over the years, the above investment would have brought a considerable profit.
Given that Dogecoin is currently selling for $0.3697, a $100 investment when it was trading at $0.0002993 in 2013 would now be worth $123,873.16.
Some believe that there is a chance that DOGE could surge to highs of $1 sooner or later. If that happens, the memecoin could witness even higher returns.
