Dogecoin (DOGE) has achieved incredible success in its 11-year history. Since its launch in December 2013, the original memecoin has turned several early investors into millionaires. Many might argue that due to its meme influence, DOGE is even more popular than Bitcoin (BTC).
Dogecoin worth $550 is now valued at $1 million.
Almost a decade ago, DOGE's price hit a low on May 6, 2015. If you bought $550 worth of DOGE at its lowest price, that investment would now be worth over $1 million. Your investment has grown by 183,398.52% over ten years.
On May 8, 2021, DOGE hit an all-time high of $0.7316. If you sold tokens worth $550 at the peak of the memecoin, you would have made $4.15 million. In this case, your investment would have grown by 756,170.05%.
Can you still make a fortune with Memecoin?
Many believe that the Dogecoin (DOGE) ship has sailed and that it is too late to make a fortune with memecoin. Others think that the token still has a lot of room for growth. The price of DOGE skyrocketed during the bull market in 2021. Memecoin has failed to regain the same momentum.
There has been much discussion about Elon Musk incorporating DOGE into the X payment platform. Musk is one of the most outspoken fans of memecoin. If X integrates DOGE into its payment features, the adoption rate of memecoin could surge. This move could lead to a significant price increase. We might see many new DOGE millionaires emerge in the process.
DOGE may also launch an ETF. Such a development could also help the asset's price reach new heights.
