People keep coming back to crypto for its purported ability to make one rich overnight. The enduring tale is that a modest pile of coins bought today will swell into a life-changing fortune tomorrow. Two of the perennial crowd-pleasers in that genre are Dogecoin (DOGE 0.11%) and Cardano (ADA 0.09%).
Both have fan bases that are convinced they hold the ticket to seven-figure wealth. Yet markets, like gravity, enforce limits. Before stuffing money into either coin, investors should ask what has to happen, in cold numeric terms, for a fresh buyer of either of these assets today to become a millionaire.
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The arithmetic spoils the fantasy here
Let’s start with discussing the scale involved with either of these coins making anyone into a millionaire.
Dogecoin’s market cap hovers near $24 billion. Cardano’s is about $19 billion. Neither of these assets are in their freshman year…
