Will Investing $100 In Dogecoin Make You A Millionaire? Investing $100 in Dogecoin can make you a millionaire only if you hold onto your DOGE investment for the long term and the price of DOGE rises to more than $2,000. For understanding, let us use simple mathematics in our analysis of a $100 DOGE investment turning into a millionaire maker. At $100, you can purchase 637 coins. You could become a millionaire if DOGE trades for $2,500 in the future. Although there isn’t any fundamental or technical analysis-backed research to back up such a price forecast, Dogecoin has a huge following which can propel the cryptocurrency to such milestones. At $2,500 and 637 coins in holdings, multiplication will provide the millionaire statistics. $2,500 multiplied by (×) 637 totals $1,592,500 (1 million). If DOGE tests $5,000, your $100 investment could turn to $3,185,000 (multi-millionaire). Dogecoin continues to form a substantial part of the current crypto revolution called decentralized finance (DeFi). Although built on an independent blockchain, Wrapped Dogecoin (WDOGE) is an ERC20 token that can interact with DeFi protocols and applications on Ethereum. Therefore, Dogecoin continues to gain mileage as Ethereum dominates the DeFi space. Dogecoin is one of the highly volatile digital currencies on the market. With that said, DOGE has become too popular to trade in extinction zones, and it’s an asset that must be researched upon due to the massive returns it could add to your portfolio.

Leave a comment

Design a site like this with WordPress.com
Get started