Dogecoin (DOGE) is the original memecoin that took off in 2021. However, the asset took almost eight years to reach its all-time high. DOGE went live in 2013 and has risen by many thousand percent since. In its decade-long history, DOGE has come a long way. Many early investors made millions in returns.
If you had invested $100 monthly in Dogecoin (DOGE) from December 2013 till the asset reached its 2021 peak in May 2021, you would have put in $8,000. However, the portfolio’s value would have skyrocketed to $13.34 million, increasing by around 151,521%.
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Moreover, if you had continued to invest $100 monthly in Dogecoin (DOGE) till today, you would have put in $12,200. The portfolio’s value, in this case, would have increased to $1.9 million, growing by about 15,987%.
In both instances, we see the power of dollar cost averaging, leading to high returns.
Can you still be a millionaire with Dogecoin (DOGE)?
Dogecoin (DOGE) is one of the most popular cryptocurrencies in the market. The project has a large community that almost always supports its initiatives. One of DOGE’s most significant supporters is tech billionaire Elon Musk. Musk’s X social media platform will soon launch a new payment feature. Many DOGE fans speculate that X may include DOGE as a form of payment. If so, we may see a sudden surge in DOGE’s adoption globally. The development could lead to a massive price spike.
Also Read: Dogecoin: How Much DOGE Does Elon Musk Have?
Moreover, Musk’s SpaceX program may launch a DOGE satellite for the Geometric Energy Corporation. However, there is no confirmation of when the mission may take off. The project is funded entirely with Dogecoin (DOGE). The satellite launch may also lead to a surge in DOGE’s price.
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