Dogecoin hit an all-time high of $0.7376 in May 2021. At its peak, these $100 investments in Dogecoin based on Musk’s tweets would have been worth $28,902.86 and $23,916.68 respectively. How much is 1000 Dogecoin worth if it hits 1 Because of this difference, "I see most people trading dogecoin on a short-term basis," with investors hoping to make a quick profit, "and choosing to hold bitcoin over a longer duration," Demirors says.
But as always, before you go all-in on Dogecoin or any other cryptocurrency, keep in mind that the cryptocurrency market can be volatile. It is critical to conduct thorough research and only invest what you can afford to lose. If you make a solid transaction, withdraw your initial investment and gamble with the gains; that way, it doesn’t matter what occurs! Is Dogecoin a good investment in 2024? Aside from exchange listings, the valuation of the digital coin continues to benefit from support from high profile celebrities such as the self-proclaimed DogeFather, Elon Musk, Snoop Dogg, Mark Cuban, Kevin Jonas, Gene Simmons, Angela White, Mia Khalifa, Ben Phillips, Jake Paul, and Marques Brownlee among others. 🌟