Dogecoin (DOGE) has welcomed early investors into their millionaire club, due in part to its immense popularity and the overwhelming support from Michael X and Tesla founder, Elon Musk. He’s praised its unique approach and DOGE can now be used to purchase some of Tesla’s Online Store merchandise. As its memecoin sounds, many investors feel they have missed out on its historic highs, which peaked in May 2021 at 0.731578.
However, some crypto and DOGE fans have high hopes that when X finally lists DOGE and brings it to mass adoption, the memecoin will shoot up to its target price of $1. With the current DOGE value around $0.095000, that would equate to a gain of more than a 1000%. To total 1 million of #Dogecoin (DOGE) at that price, it would cost just under $95,000 at the current cost.
Since January 2023, Dogecoin has seen the value firmly on an increasing history with a modest 35% gain. However, as it did strongly like other cryptocurrencies in mid February, it has since taken an abrupt 4% dive in the weekly charts and carries a 4.9% loss in the last 14 days. Moreover, despite the shortfalls, DOGE is still up by 24 percent monthly.
