OG meme cryptocurrency Dogecoin (DOGE) is one of the earliest assets in the market. Despite never hitting $1, DOGE has managed to create several millionaires. The asset has even surged by more than 100,000% from its all-time low of $0.00008547. Following the overall market spike, DOGE has risen by nearly 4% over the past 24 hours. At press time, the asset was trading at $0.1042.
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How To Become A Millionaire With Dogecoin
Despite this rise, the asset continues to struggle to reach $1. The meme coin will have to rise by 859.63% to reach this milestone. However, the positive DOGE market was making bullish bets.
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How Much DOGE Should You Buy To Become A Millionaire?
According to Changelly, Dogecoin will take some time to hit the $1.2 mark. The asset will rise to this high only in the year 2030. In particular, DOGE will reach $1.2 in June 2030. Considering this, an investor will need to purchase a total of 833,333 DOGE at its current price to become a millionaire potentially.
With DOGE trading at around 10 cents, the purchase mentioned above will cost about 86,833 USD.
Telegaon, however, has a more optimistic approach. According to the platform, DOGE can attain the $1.2 mark as early as 2026. Despite this, the investment amount remains the same for becoming a millionaire.
How Can The Meme Coin Hit $1 Sooner Than Expected?
Dogecoin’s abundant supply and lack of utility are undoubtedly major shortcomings of the meme coin. This further decreases the chances of the asset moving towards the $1 mark.
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However, a major partnership or an endorsement from Elon Musk and other prominent figures could improve the price of DOGE.