Dogecoin (DOGE) is the original memecoin, launched in December 2013. In its 11-year history, DOGE has come a long way from being just a fun project. The asset is now among the top 10 biggest cryptocurrencies by market cap.
Early DOGE investors made millions in profits when the asset surged after 2020. If you had invested $1000 weekly in DOGE since December 2013, you would have put in $540,000. However, the portfolio’s value would have risen to over $181 million, a growth of 33,464.7%.
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However, if you had invested $1000 weekly till Dogecoin (DOGE) hit its all-time high of $0.7316 in May 2021, you would have put in $388,000. In this scenario, the portfolio’s value would have skyrocketed to a whopping $328.2 million, a growth of 84494.4%.
Can you still make it big with Dogecoin (DOGE)?
DOGE is one of the most popular cryptocurrencies in the market. However, one of the most significant downsides to the project is its lack of utility. But this could soon change.
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Elon Musk, chief of SpaceX, Tesla, and X, is an avid Dogecoin (DOGE) fan. Tesla accepts DOGE as payment for its merchandise, while SpaceX is working on a DOGE satellite, paid for entirely with DOGE. Furthermore, Musk recently said that Tesla may soon enable DOGE payments for its vehicles as well. There is also a lot of talk about DOGE being included in X’s upcoming payment feature. These developments could lead to a massive rise in DOGE’s adoption and, consequently, its price.
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There is a possibility that Dogecoin (DOGE) will eventually surpass the $1 mark, which could lead to the emergence of many new DOGE millionaires.
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