Find out how the $5000 Dogecoin investment grew to one million in a few years. Is this still okay?

OG Meme Cryptocurrency Dogecoin (Doge) has become one of the most popular assets of the year. From the recognition gained by the world's richest person to climbing the cryptocurrency ladder, Doge has seen it all. Although meme coins have gained all the admiration, their assets have not yet reached $1. However, this did not prevent investors from becoming millionaires.

Analyze the current market of Dogecoin
Dogecoin entered the market solely through memes. But its price increase is not a joke. Since its introduction, assets have grown by 44982.41%. As early as February 7, 2014, the trading price of meme coins was below $0.00130. After a massive increase, Doge rose to a historic high of $0.7376 in May 2021.

Despite achieving a 220% growth, Dogecoin is still far from its peak. At the time of writing, after a sustained decline of 4.42% in the past 24 hours, the price of the asset was $0.252.

Source: CoinMarketCap

Although it may not seem ideal at the moment, a delicate investment from the past could turn into today's profitable feat. According to Changelly, Doge's investment of $5000 on this day in 2014 could potentially turn into one million. To be precise, the company revealed that the profit from this investment is currently $1010069.62. This marks a surge of 1.39% in 2010.

Source: Changelly

Is becoming a millionaire still on the card?
The victory of Donald Trump and his recent victory as the President of the United States is a bullish feat for the entire cryptocurrency market. In the Trump administration, the addition of fervent Dogecoin supporter Elon Musk is a huge advantage for meme coins. Some people believe that Musk will ensure the inclusion of the door in the US government. In addition, it is expected that better cryptocurrency regulations will become the game rules for the industry.