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A $100 investment in Dogecoin at the time of writing could buy 346.2604 DOGE, based on a price of $0.2888. If Dogecoin can return to all-time highs, the $100 investment today would be worth $255.40.
Enter Dogecoin (CRYPTO: DOGE), whose price has skyrocketed by 376% in 2024. At a price of roughly $0.43, can Dogecoin's momentum continue and propel the token to a price of $1 by the end of the year?
In January 2021, Dogecoin went up over 800% in 24 hours, reaching $0.07, as a result of attention from Reddit users, partially encouraged by Elon Musk and the GameStop short squeeze. [39] In February 2021, Dogecoin hit a new high price of $0.08 following Twitter encouragement from Musk, Snoop Dogg and Gene Simmons. [40]
Not even Musk can help Dogecoin sustain a price above $1. Based on Dogecoin's current supply of 146.8 billion tokens and its current price of $0.40 per token, it currently has a market ...
But, at any moment, the hype bubble could collapse, and the price of Dogecoin could fall to zero. Consider what happened in 2021. In early January, Dogecoin was trading for just $0.01. After a ...
Since the creation of bitcoin in 2009, the number of new cryptocurrencies has expanded rapidly. [1]The UK's Financial Conduct Authority estimated there were over 20,000 different cryptocurrencies by the start of 2023, although many of these were no longer traded and would never grow to a significant size.
With its price up by about 340% year to date at the time of writing, Dogecoin (CRYPTO: DOGE) is an excellent example of this explosive, millionaire-making potential.
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