- The OG meme cryptocurrency Dogecoin (DOGE) has been on the market for quite some time, experiencing periods of sluggish growth as well as bullish rallies.
- At the time of writing, a $100 investment in Dogecoin would acquire 23,256 DOGE, and if DOGE reaches its all-time high of $0.7376, that $100 investment would be worth $17,151.
- The majority (87%) of the CoinMarketCap community is bullish on Dogecoin’s potential for a price surge in the near future.
Cryptocurrencies like Dogecoin (DOGE) have seen extreme highs and lows over the years. While DOGE has stagnated at times, the last 12 months have been a particularly strong period for the meme coin. Let’s take a look at how much your $100 DOGE investment today could be worth if the asset sees renewed interest and hits new all-time highs.
Recent DOGE Price Action
Dogecoin has surged 219% over the past month. At the time of writing, DOGE was trading at $0.04302 following a nearly 2% spike in the last 24 hours. Despite this price increase, the meme coin’s daily trading volume has dipped to $1.065 billion.
The community is optimistic that DOGE can reach $0.50 in the near future. For reference, DOGE hit an all-time high of $0.07376 back in 2021. That’s about 41% higher than today’s price. While it may seem far off, DOGE has already seen significant gains in recent days. It wouldn’t be surprising to see the asset test new highs soon.
Potential Returns on a $100 Investment
As of writing, a $100 investment would buy 23,256 DOGE at the current $0.04302 price. If Dogecoin recovers to its all-time high of $0.07376, that $100 investment would be worth $1,715. This may not seem like much, but it’s important to note that many DOGE investors have invested far more than $100.
According to CoinMarketCap, 87% of the Dogecoin community feels bullish about the asset’s potential for further gains in the coming days. Only 13% were unsure about an upcoming DOGE rally.
Conclusion
While risky, cryptocurrencies like DOGE can see explosive growth during hype cycles. If the meme coin sees a renewed surge of interest, a small investment today could bring impressive returns. Even if DOGE simply retests its former all-time high, early investors stand to make gains.
