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Cryptocurrency Dogecoin (CRYPTO: DOGE) is having a moment once again with the meme crypto soaring over 80% in the last week, helped by increased interest in the cryptocurrency after Donald Trump's ...
Dogecoin currently has a market cap of $18.5 billion, but that figure would need to soar to $154 billion (assuming its supply remains constant) for its price to hit $1.
Dogecoin hit a high of $0.05109 on March 4, 2021, when the Mavericks started accepting it as payment. A $1,000 investment at the time could have purchased 19,573.30 Dogecoin. ... This Free Money ...
Dogecoin was officially launched on December 6, 2013, and within the first 30 days, there were over 1 million visitors to Dogecoin.com. [13] Palmer is credited with making the idea a reality. At the time, he was a member of the Adobe marketing department in Sydney , Australia. [ 14 ]
In more than a decade, Dogecoin has never once hit the $1 mark. That brief period in May 2021, when Dogecoin hit a price of $0.74, was the only time it ever came close.
As a result, Dogecoin's price soared to an all-time high of $0.73 on May 8, 2021 -- which represented a 47,279% gain from its earliest trading price of $0.001540753 on Jan. 23, 2014.
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Simple math suggests that a price per token of $1 would give Dogecoin a market capitalization of $147.1 billion. That isn't entirely impossible considering Bitcoin now has a market cap of $2 trillion.
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