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Dogecoin: A Fun Ride, but Can It Really Make You a Millionaire?

TheMotleyFool

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Dogecoin: A Fun Ride, but Can It Really Make You a Millionaire?: https://g.foolcdn.com/editorial/images/735236/sad-child-investor.jpg

At the peak of Dogecoin (CRYPTO: DOGE) hysteria in 2021, it seemed that millionaires were being minted overnight. But since its peak of nearly $0.75, much has changed.

Today Dogecoin trades for about $0.07, and most of the hype that helped propel it to its all-time high has worn off. Despite losing momentum, Dogecoin still has a loyal community led by the self-proclaimed "Dogefather" Elon Musk himself, leading some to believe that the meme coin might still have the potential to create future millionaires. However, this optimism might be greatly misplaced.

Image source: Getty Images.

Source Fool.com

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