Dogecoin (DOGE) has turned many initial investors into millionaires. The original meme coin has also garnered support from global icons such as the owner of Tesla and SpaceX, Elon Musk.
Musk has repeatedly expressed his support for the dog-themed cryptocurrency, citing his appreciation for the project's non-serious nature. DOGE is also accepted as currency for Tesla's merchandise.
However, many investors and crypto enthusiasts believe they may have missed the boat with Dogecoin (DOGE). Nevertheless, DOGE could reach new heights in the future. Musk's rumored X platform is speculated to include DOGE in its payment feature. If X integrates DOGE into its platform, the token could see widespread adoption.
Increased adoption could lead to a significant surge in its price. The meme coin is currently down more than 87% from its all-time high of $0.731578 reached in May 2021, over two years ago. DOGE enthusiasts and investors are aiming for a $1 target in the next bull run.
How to become a millionaire when Dogecoin hits $1?
If DOGE reaches the $1 mark, it would represent a growth of over 1000%. To have a million dollars' worth of DOGE at $1, you would need 1 million tokens. The price of one million tokens currently stands at around $95,000.
However, achieving the $1 price is not an easy task. The token will need a significant boost in adoption. Nevertheless, integration with X could provide the necessary catalyst for the project.
Dogecoin (DOGE) has risen nearly 35% since January 2023. However, the token faces corrections in the weekly chart, experiencing a 4% decline. DOGE has also decreased by 4.9% in the last 14 days. Nevertheless, it still shows a 24% increase compared to the previous month.