Dogecoin (DOGE) has had a lot of success in its 11-year history. The asset’s price skyrocketed during the 2021 bull run. Early investors made millions in profits with minimal investments. While DOGE has struggled to regain its 2021 momentum, many believe that a spot DOGE ETF could be the spark that takes the original memecoin “to the moon.”
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Here’s How To Become A Millionaire When Dogecoin Hits $5
To have a million dollars worth of coins at $5 per coin, you will need about 200,000 coins. The price of 200,000 DOGE right now is about $51,600. If the trade is successful, your portfolio’s value will increase by around 1837.98%.
While the increase is commendable, it still falls short of the gains enjoyed by people who invested in DOGE in 2015.
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Will The Memecoin Get A Spot ETF In 2025?
According to a report by Bloomberg ETF analysts Eric Balchunas and James Seyffart, Dogecoin (DOGE) has the second-highest chance of ETF approval. According to a poll, DOGE has a 75% chance of getting an ETF this year. Litecoin (LTC) leads the list, with a 90% odds of getting an ETF this year.
Elon Musk is one of the most significant DOGE supporters globally. His proximity to US President Donald Trump could further push DOGE’s chances of an ETF approval.
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Crypto-based ETFs have taken center stage among financial institutions. The US SEC made headlines when it approved 11 spot Bitcoin (BTC) ETFs in January 2024. The move led to BTC hitting a new all-time high. The SEC also approved Ethereum (ETH) ETFs but the underlying asset did not hit a new peak. A Dogecoin (DOGE) ETF could go either way.
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