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Dogecoin became a ‘millionaire maker’ between 2020 and 2021 rewarding buyers with astronomical returns. The earnings have been unexpected within the cryptocurrency markets and a number of other holders made life-changing positive factors in a brief interval. On this article, we’ll spotlight some outstanding examples of Dogecoin’s meteoric rise that allowed buyers to stroll away with $1 million and extra. Let’s stroll down reminiscence lane of early 2021 the place DOGE made buyers millionaires with a minimal of $8,000 funding.
Additionally Learn: Shiba Inu: Can You Be a Millionaire by Owning Just 1,000 SHIB Tokens?
Dogecoin: From An Funding of $8,000 to Making $1.2 Million in 150 Days
Dogecoin was buying and selling at $0.0047 on Jan. 1, 2023, and buyers bought to build up 1.7 million DOGE throughout that interval. A number of weeks later, Tesla CEO Elon Musk introduced that he invested in Dogecoin and commenced relentlessly tweeting about it. The dog-themed coin turned the discuss of the city and skyrocketed in value thereafter.
Also Learn: Shiba Inu: You Can Become a SHIB Millionaire With Only $8.5
On Could 8, 2021, DOGE touched an all-time excessive of $0.73. Due to this fact, between January to Could 2021, Dogecoin spiked by 13,900% producing stellar wealth in a short while. The $8,000 funding made on Jan. 1, 2023, may have ballooned to $1.2 million in Could of the identical yr.
Additionally Learn: The 1 Cent Dream: Shiba Inu To Reach $0.01? See What Google Bard Says
1000’s of buyers made $1 million or extra by DOGE in 2021 by using the bull market. Its competitor Shiba Inu additionally delivered mind-blowing positive factors throughout this era and have become the discuss of the city. Each DOGE and SHIB attracted thousands and thousands of latest and first-time buyers into the crypto fold by their value rises.
Additionally Learn: Dogecoin: Elon Musk Loses Key Lawyer in $258 Billion DOGE Suit
Nonetheless, the ‘millionaire-making machine’ stopped working as Dogecoin is steadily heading south in 2023. Nearly all of holders are affected by losses and a repeat of 2021’s rally appears to be off the desk.
The hype for DOGE has fizzled out making the meme foreign money appear nugatory with out the limelight. The boat that made $8,000 into $1 million in 5 months appears to have sailed with no indicators of return.
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