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Is Dogecoin a Millionaire Maker?

TheMotleyFool

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Dogecoin (CRYPTO: DOGE), which started out as a meme-based parody of Bitcoin (CRYPTO: BTC), turned its earliest investors into millionaires. It launched in 2013 with a trading price of $0.00026, but it now trades at about $0.19 per token.

That's well below its all-time high of $0.74 from May 2021, but it would still have turned a $2,000 investment into almost $1.5 million in just 12 years. Let's see why this meme coin became a millionaire-maker token, and if could churn a fresh $2,000 investment into $1 million again.

Image source: Getty Images.

Source Fool.com

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