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 (TE MAU NOTA) price predictions Wednesday. The platform explained that it measures expert predictions of the future price of dogecoin using weekly and quarterly surveys. Te titorotororaa hopea roa ' ' e, conducted in July, " Ua ani i te hoê pŭpŭ taata no te 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, e 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, e 30% said the meme crypto will lose its value completely by 2025 or later.
“We’re a little ways removed from the days when people thought DOGE was going to the moon," Te feia e farii nei, a faaite mai.. “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. Parau-ti'a 1 i roto 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. Ei hi'oraa, Walker Holmes, co-founder and VP of Metatope, predicted that the price of dogecoin could reach $0.40 by year-end. “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. Ma'imi i te mau rave'a:
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 tohuraa no te $0.08. Going forward, the panel projects DOGE to be worth around $0.19 i roto 2025 hou a ti'a ai i ni'a i te $0.64 na 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 faufaa $0.16 e $0.32 by 2025,” Finder noted. I te taime no te papa'iraa, 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, sell, or hold dogecoin, Ma'imi i te mau rave'a:
The majority of the panel thinks it’s time to get out of DOGE, e te 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, tae noa'tu i te Te mau mana'o tauturu no te (FEIA apîî no te Mau Mahana Hopea Nei), etera (Eth), cardano (ADA), solana (TE huru o te taata i roto i), e binance coin (BNB). In May, the panel predicted the death of DOGE rival, the meme cryptocurrency shiba inu (SHIB).
What do you think about dogecoin’s price predictions by Finder’s expert panel? E mata na tatou i te ite i roto i te tuhaa no te mau mana'o i raro nei.
Te mau hoho'a: Shutterstock, Pixabay, Wiki Commons
Te mau mana'o tauturu no te: Teie tumu parau no te mau opuaraa haamaramaramaraa ana'e ïa. E ere i te hoê aniraa e aore râ, te hoê aniraa ia hoo mai e aore râ, ia hoo atu, e aore râ, te hoê parau faati'a e aore râ, te hoê parau faati'a no te mau huru tao, te mau, e aore râ, te mau taiete. Maximumhorrors.com eita te reira e horo'a mai i te faufaa, Te mau nota, ti'a no te ture, e aore râ, a'oraa no te numeraraa. E ere na te taiete e aore râ na te taata papa'i te hopoi'a, na roto noa e aore râ, ma te ore e tu'ati noa, ni a vakacacani se yali e dua na ka e vakavuna se veibeitaki ni ra vakayagataki se duavata kei na kena vakayagataki se na vakanuinui ki na lewe ni dua ga na ka, Te mau materia e aore râ, te mau tauturu i faahitihia i roto i teie parau papa'i.
Tai'o Te mau mana'o tauturu no te