The Dogecoin (DOGE) market has been making headlines throughout the past month. The meme coin went from being sidelined to the biggest gainer of the month. The asset rose by a staggering 155% spike over the past month. Considering this growth, the community was looking back at 2013, the year that DOGE made its debut. A dainty investment back in the day would have turned into a fortune at its current price.
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Dogecoin’s Status Quo
Dogecoin has surged by 65973.99% since its origin back in 2013. Billy Markus and Jackson Palmer created the asset. Originally intended as a satirical token to parody Bitcoin (BTC), the coin has grown in popularity over time thanks to a devoted following.
At press time, DOGE was trading at $0.3697 following a 6% surge over the past 24 hours. In addition, Dogecoin saw a 32% rise throughout last week. With a price of $0.4359, Dogecoin reached a one-month and one-year high. Over the last year, the cryptocurrency has fluctuated between $0.07028 and $0.4359.
In addition, through recent years, the meme coin has been unable to reach its peak. It should be noted that the current rise is the closest it has been since then. DOGE is nearly 50% below its all-time high of $0.7376.
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$100 To A Million?
It should be noted that the price of Dogecoin on December 15, 2013, was $0.0002993 per DOGE. A $100 investment in the meme coin market would have fetched 334,896 DOGE. Considering this growth over the years, the above investment would have brought about a major profit.
Given that Dogecoin is currently selling at $0.3697, a $100 investment made in 2013 when it was trading at $0.0002993 would now be worth $123,873.16.
Several believe that DOGE has the potential to surge to a high of $1 sooner than later. If this plays out, the meme coin could witness returns of a much higher magnitude.
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