How much is Dogecoin worth today compared to its value of 100 five years ago

Coin World Reports:
Dogecoin (DOGE) has become a news focus due to its recent price and network activity surge. In the past seven days, DOGE has skyrocketed by nearly 15% and 27% respectively throughout the month. Over the years, this asset has indeed grown. Looking back, investing a substantial amount in DOGE several years ago would have translated into significant profits.
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Dogecoin’s growth over the years
As of the time of writing, DOGE’s trading price is $0.1395 after a 2% surge in the past 24 hours. Despite the recent surge, the OG meme coin is still down 81% from its all-time high of $0.7376.
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Despite being seen as a joke, Dogecoin has witnessed tremendous growth. Looking back, around five years ago in 2019, a small investment of $100 would have brought life-changing profits for many. Based on calculations, $100 would have turned into $5,400. The annual return rate was 122%, with a total return of 5,300%.
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While Dogecoin may not make millionaires, the growth seen above is certainly significant. This also proves that holding assets for the long term can bring significant returns.
Is it too late to buy Meme Coin now?
In 2024, Dogecoin may still be a wise investment. However, it is worth noting that it should only be part of an investment portfolio when investors are fully aware of all potential risks in the cryptocurrency industry.
Some continue to see the potential of OG meme coin supported by Tesla’s Elon Musk. However, some point out that DOGE lacks utility, which is a major drawback of the network.
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However, considering all factors, Dogecoin is a decent choice in the cryptocurrency asset space due to its large and loyal community, good reputation, significant market capitalization, and listings on multiple cryptocurrency exchanges. It has strong fundamentals and prospects for future price growth.