The Dogecoin (DOGE) market has been making headlines all through the previous month. The meme coin went from being sidelined to the most important gainer of the month. The asset rose by a staggering 155% spike over the previous month. Considering this development, the group was wanting again at 2013, the 12 months that DOGE made its debut. A dainty funding again in the day would have changed into a fortune at its present value.
Dogecoin’s Status Quo
Dogecoin has surged by 65973.99% since its origin again in 2013. Billy Markus and Jackson Palmer created the asset. Originally supposed as a satirical token to parody Bitcoin (BTC), the coin has grown in recognition over time due to a loyal following.
At press time, DOGE was buying and selling at $0.3697 following a 6% surge over the previous 24 hours. In addition, Dogecoin noticed a 32% rise all through final week. With a value of $0.4359, Dogecoin reached a one-month and one-year excessive. Over the final 12 months, the cryptocurrency has fluctuated between $0.07028 and $0.4359.
In addition, by latest years, the meme coin has been unable to achieve its peak. It needs to be famous that the present rise is the closest it has been since then. DOGE is sort of 50% under its all-time excessive of $0.7376.
$100 To A Million?
It needs to be famous that the worth of Dogecoin on December 15, 2013, was $0.0002993 per DOGE. A $100 funding in the meme coin market would have fetched 334,896 DOGE. Considering this development over time, the above funding would have caused a significant revenue.
Given that Dogecoin is at present promoting at $0.3697, a $100 funding made in 2013 when it was buying and selling at $0.0002993 would now be price $123,873.16.
Several imagine that DOGE has the potential to surge to a excessive of $1 before later. If this performs out, the meme coin might witness returns of a a lot increased magnitude.
