- $1,500 invested in Dogecoin (DOGE) in 2013 would be worth over $1.57 million today, a growth of around 104,892%.
- For a $1,000 investment in DOGE today to become $1 million, the price of DOGE needs to reach around $3.89, which would require a rally of 99,900%.
- According to Changelly, Dogecoin is predicted to hit a maximum price of $10.647 in 2050, but a surge in adoption could potentially drive the price to $3.89 much sooner.
Dogecoin (DOGE) has witnessed an incredible rally this month. $1500 worth of the memecoin has become more than $1.57 million today. Let’s take a look at the meteoric rise of this popular cryptocurrency.
A Small Investment Yields Huge Returns
If you invested $1500 in DOGE back in 2013, that investment would have grown to $1.57 million by today. That’s a staggering increase of over 10,000,000%!
The rise in DOGE’s value means that an investment of just $1500 made someone a multimillionaire. Even selling DOGE at its all-time high of $0.7316 on May 8, 2021 would have turned $1500 into $277 million – a return of over 18,000,000%.
When Will $1000 in DOGE Become $1 Million?
If you buy $1000 worth of DOGE today, you’ll get around 257,069 coins. For those coins to be worth $1 million, each DOGE coin would need to reach a price of $3.89.
That requires the price to increase by 99,900% from current levels. While seemingly unlikely, DOGE has achieved massive percentage gains before, so hitting $3.89 someday isn’t impossible.
According to one prediction, DOGE could hit $3.89 sometime after 2050, when it’s forecast to trade at $10.647. However, if adoption surges, we could see DOGE hit that milestone much sooner.
Conclusion
Dogecoin’s incredible gains have made some investors very wealthy over the years. While more upside is expected in the future, there’s no guarantee DOGE will replicate its past returns. However, its loyal following makes DOGE one of the most interesting cryptocurrencies to watch.
