Finder’s Experts: Majority See Dogecoin Losing All Value — ‘It’s Time to Get out of DOGE’

Finder’s Experts: Majority See Dogecoin Losing All Value — ‘It’s Time to Get out of DOGE’

A panel of crypto industry experts says now is the time to sell dogecoin. The majority of the experts expect DOGE to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” said one of the experts on the panel, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency.

Expert Panel on Dogecoin Losing All Value

Price comparison portal Finder updated its dogecoin (СОБАКА) price predictions Wednesday. The platform explained that it measures expert predictions of the future price of dogecoin using weekly and quarterly surveys. The latest quarterly survey, conducted in July, “asks a panel of 54 industry experts for their thoughts on how dogecoin will perform over the next decade.”

The panel was asked, “Do you think DOGE will completely lose its value?” 55% said yes, 21% believe the meme cryptocurrency will bounce back, а также 24% said they were unsure. Regarding when the price of dogecoin will lose all of its value, 3% said it will happen within the year, 12% said next year, 9% see it happening in 2024, а также 30% said the meme crypto will lose its value completely by 2025 or later.

Finder's Experts: Majority See Dogecoin Losing All Value — 'It's Time to Get out of DOGE'
Experts’ responses to the question: “Do you think DOGE will completely lose its value?” Source: Искатель dogecoin predictions.

“We’re a little ways removed from the days when people thought DOGE was going to the moon,” Finder described. “People are now more worried about it staying here on Earth (read: going to zero), something that over half the panel (55%) say will happen at some point in future. Just 1 в 5 (21%) see DOGE bouncing back.”

Dogecoin’s Price Predictions

While the majority of the experts on the panel do not have confidence in the long-term future of dogecoin, some of them remained optimistic. Например, Walker Holmes, co-founder and VP of Metatope, predicted that the price of dogecoin could reach $0.40 к концу года. “DOGE has a great community but little utility. DOGE has the ability to attract a culture of content creators and creatives,” he opined.

Bullish forecasts of dogecoin by some of the experts have pushed the average panel predictions upward. Finder detailed:

Dogecoin may see a modest increase in its value in 2022, with Finder.com’s panel of fintech specialists giving an average end of 2022 prediction of $0.08. Going forward, the panel projects DOGE to be worth around $0.19 в 2025 before rising to $0.64 от 2030.

“The panel’s July short-term predictions are down considerably compared to the January survey results when the panel saw DOGE closing out 2022 ценность $0.16 а также $0.32 by 2025,” Finder noted. На момент написания, the meme coin is trading at $0.070534.

A handful of experts on the panel said Tesla CEO Elon Musk is to blame for dogecoin’s popularity. Bitwave CEO Patrick White remarked: “DOGE was a meme coin that shouldn’t have really gotten to this point. Thanks, Elon.”

Regarding whether it’s time to buy, продавать, or hold dogecoin, Finder detailed:

The majority of the panel thinks it’s time to get out of DOGE, с 71% saying sell. Just shy of a quarter (24%) think you should hold onto what you’ve got and only 4% say it’s time to buy.

The panel includes university directors, crypto exchange executives, crypto research analysts, and executives of various firms with crypto-related products.

Finder’s experts also recently made predictions about several other cryptocurrencies, включая биткойн (BTC), эфир (ETH), кардано (ЕСТЬ), солана (СОЛЬ), а также монета binance (BNB). В мае, the panel predicted the death of DOGE rival, the meme cryptocurrency shiba inu (SHIB).

Теги в этой истории

What do you think about dogecoin’s price predictions by Finder’s expert panel? Дайте нам знать в комментариях ниже.

Кевин Хелмс

Студент австрийского экономического факультета., Кевин нашел биткойн в 2011 и с тех пор был евангелистом. Его интересы заключаются в безопасности биткойнов, системы с открытым исходным кодом, сетевые эффекты и пересечение экономики и криптографии.




Кредиты изображений: Шаттерсток, Pixabay, Викисклад

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