There is no denying the success of Dogecoin (DOGE). The original memecoin has one of the most loyal fanbases. DOGE has also inspired a plethora of other dog-themed like Shiba Inu (SHIB), Bonk (BONK), dogwifhat (WIF), Floki (FLOKI), etc.
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Dogecoin Turns $1000 Into $4 Million
DOGE has turned several early investors into multi-millionaires. The memecoin’s price skyrocketed during the 2021 bull run. People who got into the project early made massive returns with small investments.
Dogecoin (DOGE) was at its lowest on May 6, 2015. If you purchased $1000 worth of DOGE at its lowest, the investment would have grown to more than $4 today. Your portfolio would have grown by 405,146.92%.
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DOGE was at its highest on May 8, 2021. If you had sold the $1000 worth of DOGE when it was at its peak, you would have made $7.56 million. In this scenario, your portfolio would have grown by 756,170%.
Can You Still Become A Millionaire With The Memecoin?
Many believe it is too late to make it big with DOGE. Others think there is still plenty of room for DOGE to grow.
There is a lot of talk about Dogecoin (DOGE) being included in X’s payment feature. Elon Musk, the owner of X, is one of the most vocal DOGE fans. There is a high probability that Musk will include DOGE in X’s payment platform. If the social media site enables DOGE payments, the memecoin may witness a sudden surge in adoption. This development could lead to another 2021-like price spike. In such a scenario, we may see the creation of many millionaires.
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President Donald Trump has created the Department Of Government Efficiency (D.O.G.E.) under Musk’s recommendation, with Musk at its head. The move shows the dedication with which Musk supports the memecoin.
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