Dogecoin (DOGE) has been a popular cryptocurrency since the 2021 bull run, with investors wondering if a $1,000 investment today could turn into $1 million this cycle.
Currently, DOGE is trading near $0.156, showing signs of stabilization after a period of decline.
To reach $1 million, DOGE would need to increase by 990x, reaching a market cap of over $22 trillion, which seems unlikely in the short term.
A more realistic target for DOGE would be reaching its previous all-time high of $0.73 or even $1 in 2025, resulting in returns of 4.7x or 6.41x respectively.