Majority Sees Dogecoin Losing All Its Value – ‘Time to Exit DOGE’ – Altcoins Bitcoin News

A panel of crypto-industry experts said it was time to sell Dogecoin. Most experts expect DOGE to lose its value completely. “Dogecoin was a meme coin that shouldn’t really get to that point,” said one expert on the panel, who blamed Tesla CEO Elon Musk for the popularity of the meme cryptocurrency.

The team of experts on Dogecoin lose all their value

Price comparison portal Finder updated its Dogecoin (DOGE) price forecast on Wednesday. The platform explained that it measures experts’ expectations of the future price of the Dogecoin using weekly and quarterly surveys. The most recent 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 committee was asked, “Do you think DOGE will lose its value completely?” 55% said yes, 21% believed the meme cryptocurrency would bounce, and 24% said they were not sure. Regarding when the Dogecoin price will lose all of its value, 3% said it will happen during the year, 12% say it will happen next year, 9% say it will happen in 2024, and 30% say the meme cryptocurrency will lose value completely by 2025 or latest.

Finder Experts: Majority Sees Dogecoin Losing All Value - 'Time to Exit DOGE'
Expert responses to the question: “Do you think DOGE will completely lose its value?” Source: Finder’s Dogecoin predictions.

The researcher described: “We’re a little far from the days when people thought DOGE was going to the moon.” “People are now more concerned about their survival here on Earth (read: going zero), which is something that more than half (55%) of respondents say will happen sometime in the future. Only 1 in 5 (21%) see DOGE and it is bounce back.”

Dogecoin Price Predictions

While the majority of experts on the panel are not confident about the long-term future of Dogecoin, some remain optimistic. For example, Walker Holmes, co-founder and vice president of Metatope, predicted that the price of Dogecoin could reach $0.40 by the end of the year. “DOGE has a great community but little benefit. DOGE has the potential to appeal to a culture of creators and content creators.”

Bullish expectations for the currency by some experts have pushed the average plate forecast higher. Detailed Finder:

Dogecoin may see a modest increase in its value in 2022, as the panel gives fintech professionals an average end-of- 2022 forecast of $0.08. Going forward, the committee expects DOGE to be worth about $0.19 in 2025 before rising to $0.64 by 2030.

“The panel’s short-term expectations for July are significantly lower compared to the results of the January survey when the team saw DOGE’s 2022 closing of $0.16 and $0.32 by 2025,” Finder noted. At the time of writing, the meme coin is trading at $0.070534.

A few experts on the panel said that Tesla CEO Elon Musk is responsible for the popularity of dogecoin. Patrick White, CEO of Bitwave, commented, “DOGE was a meme coin that shouldn’t really get to that point. Thanks, Elon.”

Regarding whether it is time to buy, sell or hold dogecoin, Finder detailed:

A majority of panelists believe it is time to exit DOGE, with 71% saying sell. Just shy of a quarter (24%) think you should hold on to what you have and only 4% say it’s time to buy.

painting includes University administrators, cryptocurrency exchange executives, crypto research analysts, and CEOs of many companies that have crypto-related products.

Finder experts have also recently made predictions about several other cryptocurrencies, including Bitcoin (BTC), ether (ETH), Cardano (ADA), solana (SOL) and binance currency (BNB). In May, the commission predicted the death of DOGE’s competitor, the shiba inu (SHIB) cryptocurrency meme.

What do you think of the Dogecoin price predictions by the Finder expert panel? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found bitcoin in 2011 and has been a missionary ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

photo credits: Shutterstock, Pixabay, Wikicommons

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