Here’s how much your $100 dogecoin investment will be worth if it reaches $1.

Dogecoin, the first meme currency, is currently considered “King” meme cryptocurrencies. The creators of Dogecoin envisioned it as a fun, lightweight cryptocurrency that would appeal to people outside of Bitcoin’s core audience because it’s based on a dog meme.

Billy Markus and Jackson Palmer developed this open-source cryptocurrency, which branched off from Litecoin, in December 2013. Today, DOGE has many followers, including Elon Musk, and a few companies are exploring the possibilities of making it usable in real life.

Tracking Patterns (Bitcoin – Dogecoin)

As we saw earlier, in 2014-15 the price of bitcoin was below the $500 mark and it was predicted to reach $1000-2000 in the coming years. Some have even predicted that bitcoin will reach $3,000-4,000 in the coming years.

And we all know how that happened. The Bitcoin price broke through $4000 in 2017 and hit an all-time high of $16,000 in 2018 (only 3 years later).

OG Dogecoin is currently going through the same phase. At first, no one took DOGE seriously. Most investors never thought it could become mainstream. But surprisingly, it happened.

Not only did it catch the eye, but it also hit an all-time high of $0.73 on May 8, 2021. Since then, it has fallen due to the crypto winter and the recent FTX-Alameda crisis, and is now worth $0.096 per share. dogecoin.

Most Dogelovers as well as many investors have predicted from time to time that it will hit the $1 mark in the coming years. And the self-proclaimed “Doge father“, Elon Musk, has mentioned several times that he accepts DOGE as payment.

It would be huge if Elon Musk adopted this cryptocurrency as a payment option for one of his companies or one of his products! Suppose you buy $100 of DOGE today at a rate of $0.09631 per share. DOGE. So in total you will have 1038.3137 DOGE coins.

If Dogecoin reaches $1 in the next few years, your 100 dollars turns into 1038 dollars, which is a return on investment of more than 10 or 1000%.

Similarly, if you invest $1000 in DOGE coins today, you will have approximately $10,383 when DOGE reaches $1.

Leave a Comment