Here’s how much $100 in Dogecoin could be worth today if DOGE hits new highs

On By Littum

Cryptocurrency Dogecoin (CRYPTO: DOGE) is once again having a moment with the meme crypto rising over 80% in the last week, helped by increased interest in the cryptocurrency after Donald Trump2024 election victory and Elon Musk‘s expected role as head of the Department of Government Efficiency, or DOGE too short.

Despite the rising valuation of Dogecoin over the past few weeks, the meme crypto is still trading significantly lower than its May 2021 all-time high.

Here’s a look back and how much $100 invested in DOGE today will be worth if new highs are reached.

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What happened: Dogecoin hit a new one-month high at $0.3011 in the past 24 hours as the cryptocurrency sector remains hot and traders speculate on further gains with Trump as president and Musk involved in government.

Dogecoin increased in popularity in 2021leading to an increase in the value of the meme cryptocurrency.

The crypto began trading at $0.0047 to start 2021 and quickly rose in value after becoming a trending topic on social media and Google. The price of the coin was also boosted with prominent figures such as Mark Cuban and Musk tweets about Dogecoin.

An appearance by Musk on “Saturday Night Live” proved to be the ultimate event for Dogecoin. It brought new fans to the cryptocurrency and marked an all-time high before falling.

After a forgettable 2022, when the price of many cryptocurrencies fell due to the bankruptcy of crypto-related companies and falling interest rates, Dogecoin saw a resurgence in 2023.

Helping the coin was the acquisition of the social media platform Twitter by Musk, who led Twitter to change its logo to the Dogecoin log short, sending the price significantly higher.

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The logo change fulfilled a promise Musk previously made and also sparked speculation that the addition of payments to X, formerly known as Twitter, could include the integration of Dogecoin.