Can $1000 Worth Of DOGE Become $1 Million in 2030?

Dogecoin (DOGE) has had a fair amount of success over its decade. Early investors made millions of dollars in profits after the asset’s price skyrocketed during the 2021 bull run. The asset has faced a number of challenges since its 2021 peak. Since reaching an all-time high of $0.7316 in May 2021, DOGE has fallen by over 83%.

Related article: Shiba Inu-like meme coin Dogecoin’s dominance falls to record low

If you buy $1,000 worth of DOGE today, you would receive approximately 8,333.33 tokens. For 8,333.33 coins to be worth $1 million, each coin would need to be worth approximately $120. For DOGE to hit $120, the price would need to rise 99,900%.

Can Dogecoin Reach $120 by 2030?

Shina dog SHIB Dogecoin DOGE Kabosu dog
Source: Twitter

Changely They expect Dogecoin to trade at a peak of $1.66 in 2030, well below their target price of $120.

Related article: Man invests $10,000 in cryptocurrency, makes $3 million in 30 minutes

Telegaon DOGE’s outlook for 2030 is more bullish. The platform expects the original meme coin to hit a peak price of $4.06 in 2030. Reaching $4.06 would be a significant price increase, but it’s still lower than the $120 target.

While a 99,900% rise is no easy feat, several crypto projects have seen bigger growth rates in the past, such as Shiba Inu, which rose by millions of percent within a year of launch.

Also read: Dogecoin: Analysts Predict $1 Dogecoin in 2025

Certain developments are needed for Dogecoin to experience similar growth. Elon Musk, one of the richest people in the world and a big proponent of DOGE, has said that Tesla may soon enable DOGE payments in its vehicles. Musk’s X social media platform is also rumored to include DOGE in its payment features. Such developments could very well push the price of DOGE above $100 in the future.

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