DOGE Price Forecast: Don't despise DOGE, there are some interesting predictions about its future.
Dogecoin (DOGE) is expected to reach $0.163 by the end of 2022, according to Finder.com's latest Dogecoin price predictions report.
The Fintech and Cryptocurrency Expert Panel at Finder.com made some predictions about everyone's favorite meme coin, DOGE. They predict the DOGE will end 2022 at $0.163. This is before reaching $0.541 in 2030. This value is approximately 400% higher than its price in early 2022.
DOGE price prediction: expert opinion
Fred Schebesta, Founder of Finder, predicts that DOGE will be worth $0.25 by the end of 2022. “Not to be underestimated in the world of cryptocurrencies, where breaking traditional methods for identifying value is a precious past. Investors can probably sit still knowing that while there are more, and others will come and go, DOGE will forever be the original.”
Joseph Raczynski, a technologist and futurist at Thomson Reuters, agrees with Schebesta. He thinks DOGE will benefit from his first move advantage. He predicts the DOGE will hit $0.50 by the end of this year, before hitting $1 by the end of 2025. “It's only worth something because people want to believe in it,” he said.
The Dogecoin Trailmap Initiative shows a proposed direction for DOGE to increase its usefulness. It is up for debate whether or not DOGE can successfully rename itself from memecoin to utility currency.
54% of the panel think DOGE will remain a memecoin. 29% are not sure. Only one in five (18%) believe the DOGE can leave its memecoin status.
Doge: King of memes
Of all the memecoins, however, the panel thinks DOGE is the most likely to have the most utility in the future. 45% of speakers say it could have more practical applications in the future. As well as Shiba Inu (23%) and Samoyedcoin (5%).
Many panelists were quick to note that memecoins are named for a reason. Many do not expect memecoins to have practical applications.
Vanessa Harris is Permission's Director of Products. She says that memecoins will lose their luster over time. She expects the DOGE to decline in value over the next decade. “DOGE, SHIB and others have captured the imagination of novice cryptocurrency investors. In 2022, we will see the glow fade as the lack of true utility of meme coins causes investors to seek out more fruitful investments. Dog coins may not survive in the top 100, but they will always have a place in our hearts for the memes and camaraderie they inspired.”
The most interesting thing about Dogecoin today is that it is the most talked about cryptocurrency on social media, after Bitcoin.
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