Dogecoin (DOGE) Investors With Over 500K Tokens Could Become Multi-Millionaires if the Coin Reaches the Double-Digit Range

This article estimates the potential worth of wallets containing between 500K and 1 million DOGE tokens.

Dogecoin price has slid 23% over the past 30 days and 46% since January. At press time, DOGE is trading at $0.1703, down 2% over the past 24 hours.

While many are optimistic about the possibility of seeing 1 DOGE trade in the double-digit range, The Crypto Basic estimates the potential worth of wallets with 500K and 1 million DOGE tokens if the coin hits $10, $20, or $50.

Value of 500K Dogecoin if DOGE Hits $10, $20, or $50

At press time, an investment of 500,000 DOGE is currently valued at $85,150. However, if the price of 1 DOGE were to rise to $10, this holding would expand to $5,000,000. This represents an incredible 5,772% upside from today’s value.

However, if the price of Dogecoin continues to rise further to $20, wallets holding 500K DOGE would become worth $10 million.

Meanwhile, if the price continues to surge, reaching $50, the value of 500K DOGE holdings would skyrocket to $25 million. This would translate to an astonishing 14,580% gain from the current investment.

Value of 1M Dogecoin if DOGE Hits $10, $20, or $50

If you have 1 million tokens, currently valued at $170K, and the price of DOGE reaches $10, then your investment would expand to $10 million. In the case of $20 per coin, the portfolio would be worth $20 million.

If the price of Dogecoin were to rise to $50, then 1 million DOGE holdings would be valued at an astounding $50 million.

Indeed, the prospects of substantial returns from Dogecoin are enticing. However, the likelihood of the meme coin reaching such lofty heights and the timeframe for it to happen if it does are topics of discussion.

Can Dogecoin Reach $10, $20, and $50?

Several analysts have used technical patterns and historical data to argue that Dogecoin could soar to between $10 and $30 this year. However, the coin remains far from this target, currently trading under $0.20.

Many disagree with these short-term predictions, highlighting market cap implications. At $10, Dogecoin’s market cap would be $1.48 trillion, and approximately $3 trillion at $20 per coin. Additionally, at $50 per DOGE, its market valuation would skyrocket to $7.4 trillion.

As a result, crypto platform Telegaon analysts have set a 25-year timeline for Dogecoin to reach $50 per coin and a 20-year outlook for it to reach $20. As for $10, they believe it could potentially reach that level within the next three years.