Dogecoin (DOGE) is the first memecoin project in the crypto realm. The dog-themed coin is not only one of the most popular cryptocurrencies but also one of the most successful. DOGE’s value skyrocketed during the 2021 bull run. The asset has turned several investors into multi-millionaires. DOGE also has a very robust fanbase. Tech billionaire Elon Musk is one of the most significant DOGE fans globally. He has never shied away from praising the coin.

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$500 Worth Of Dogecoin Becomes $2.1 Million

DOGE was at its lowest on May 6, 2015. If you purchased $500 worth of DOGE when it was at its lowest point, the investment would have been worth $2.11 million today. Your holdings would have risen in value by 421,909%

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Dogecoin (DOGE) hit an all-time high of $0.7316 on May 8, 2021. If you had sold the $500 worth of coins when the asset was at its peak, you would have made $3.78 million. In this scenario, your investment would have risen by 756,170%.

Can You Still Become A Millionaire With The Memecoin?

Dogecoin (DOGE) may still have a long way to go. The asset has reentered investors’ minds after Donald Trump greenlit the creation of the Department Of Government Efficiency (D.O.G.E.) on Musk’s request. The department will be headed by Musk and Vivek Ramaswamy. The memecoin may witness a stellar rally once the upcoming department commences work.

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There is also a lot of talk about DOGE being included in X’s payment feature. If the memecoin is accepted on X, the project may experience a sudden surge in adoption. An increase in adoption may lead to DOGE hitting never-before-seen price levels. Despite the hype, we still do not have any official word on whether the memecoin will make it into the social media platform or not.