Dogecoin (DOGE)is one of the most successful and popular cryptocurrencies. The asset has turned several early investors into multi-millionaires. The asset’s price skyrocketed during the 2021 bull run, making waves in the crypto community.
Also Read: ADA Surges 25% in a Week: Ethereum Killer Gains Momentum with Whale Backing
How To Turn $1000 Worth Of Dogecoin Into $500,000?
If you buy $1000 worth of DOGE, you will receive about 2631.57 coins. For 2631.57 coins to become $500,000, each coin has to reach about $190. For DOGE to reach $190 from current price levels, it has to rally by 49,990%.
Also Read: Jio Financial Shares Dips Below 299: Best Time to Buy?
Although the figure may seem significant, it is not something Dogecoin (DOGE) has not achieved before. Since May 2015, DOGE’s price has rallied by 443,860.9%. The asset could very well deliver similar results in a faster time.
When Will The Memecoin Hit $190?
According to Changelly, DOGE will not hit the $190 mark soon. The platform anticipates the memecoin to breach the $190 mark sometime after 2050. According to Changelly, DOGE will trade at a potential maximum price of $106.47 in December 2050.
Telegaon also presents a similar picture for Dogecoin (DOGE). The platform predicts the memecoin will trade at a potential maximum price of $72.37 in 2040.
There is a possibility that DOGE will hit the $190 target sooner than predicted. The asset may take off after the Department Of Government Efficiency (D.O.G.E.) commences work under Elon Musk and Vivek Ramaswamy’s leadership. President-elect Donald Trump is a vocal supporter of the cryptocurrency industry. We may witness the creation of a pro-crypto environment in the US under Trump’s leadership.
Also Read: Vivek Ramaswamy’s Strive Files To Launch “Bitcoin Bond” ETF
There is also a lot of talk about Dogecoin (DOGE) being in X’s payment feature. The move could lead to a significant adoption of DOGE. An increase in adoption could lead to a substantial price rally for the memecoin.
