How Much Profit Would You Have Made If You Invested $1,000 in Dogecoin in 2018?

Altcoins

Dogecoin may have started as a meme, but its journey from internet joke to multi-billion-dollar asset has been nothing short of extraordinary.

Dogecoin Profit: With celebrities like Elon Musk boosting its visibility and a passionate online community fueling momentum, Dogecoin reached mainstream status during the 2021 bull run. But just how profitable would an early investment have been?

Let’s travel back to 2018—well before the hype, tweets, and moon missions.

Dogecoin in 2018: A Hidden Gem?

In early 2018, Dogecoin was trading at an average price of around $0.002. For many, it was an overlooked altcoin used mostly for tipping and small transactions within online communities. But for those who believed in its potential—or simply held on for fun—those cheap tokens would become life-changing.

If you had invested $1,000 in Dogecoin at $0.002 per coin, you would have received 500,000 DOGE.

At Its Peak: May 2021 ATH

Fast forward to May 2021, when Dogecoin hit its all-time high of $0.74. Your 500,000 DOGE would have been worth an astonishing $370,000.

That’s a 37,000% return on your original investment—one of the most impressive gains in the history of crypto.

What About Today?

Even with Dogecoin’s price cooling off from its peak, the meme coin remains a major player in the market. As of now, Dogecoin is trading at $0.2373 (based on the latest price data from CoinMarketCap).

That puts the value of your 2018 investment at $118,650. In other words, you’d still be sitting on a 11,765% gain, turning your $1,000 into nearly $119,000—even after the hype has died down.

Key Takeaways

2018 Price: $0.002
Investment: $1,000 → 500,000 DOGE
Peak Value (May 2021 @ $0.74): $370,000
Current Value (July 2025 @ $0.2373): $118,650
Return on Investment Today: +11,765%

Is There Still Room for Growth?

Dogecoin remains a top-10 cryptocurrency by market cap, with a loyal following and active development. While the massive returns of the past may not repeat, many traders still keep an eye on DOGE as part of their altcoin portfolios.

One thing is certain – those who laughed at Dogecoin in 2018 aren’t laughing now.

Author

Alexander Stefanov

Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.