If You Bought 1,000 DOGE A Year Ago, You’d Now Be Up Over 120%
The price of meme coin pioneer Dogecoin (CRYPTO: DOGE) continues its steady climb, posting 122.7% gains over the past year, driven by optimism around the newly launched DOJE ETF and increasing corporate treasury accumulation of the token.
What Happened: A $1,000 investment in Dogecoin made on Oct. 10, 2024, would have purchased 9,267.84 DOGE. At the current price of $0.2450, that same investment would now be worth $2,270.62, more than doubling in value.
While Dogecoin may never again deliver the astronomical returns seen in its early years, the meme coin’s resilience continues to surprise skeptics.
Despite repeated predictions of its decline due to limited real-world utility, Dogecoin remains the undisputed leader of the meme coin sector, boasting a market capitalization near $37 billion.
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