A panel of experts has shared their price predictions for Dogecoin at the end of the year as well as in 2025 and 2030. Individually, experts are divided on the future price of the meme cryptocurrency. Some noted that the price of Dogecoin is largely dependent on the promotion of Tesla CEO Elon Musk.
Experts share price predictions for Dogecoin
Finder, a leading product comparison website, published The results of its July 2021 survey on Dogecoin’s price forecast last week. To determine whether the meme cryptocurrency “is about to jump in price, or whether the joke has finally reached its use date… we asked our 42-expert panel what the coin has in store for,” the company said. explained in detail.
The experts were asked about their price predictions for Dogecoin for 2025 and 2030. The company reported that according to the panel:
According to the panel average, Doge should see its value hit an average of US$1.21 by 2025 and US$3.60 by 2030.
However, Finder reported that the higher price was due to “the average price being pulled upward”. Forecasts for December 2030 range from $0 to $50, with an average of $3.60.
Forecasts for December 2025 range from $0 to $10 with an average of $1.21. The highest prediction came from Paul Levy, senior lecturer at Brighton Business School, who valued DOGE at $10. By comparison, “the average prediction for Doge by December 2025 is US$0.15,” the company said, adding that “30% of the panel sees a value of Doge at US$1 or more in 2025.”
Some experts are pessimistic about the future price of Dogecoin. Thomson Reuters technologist and futurist, Joseph Razinski, said: “Dogecoin will eventually go to $0. There are at least 100 to 200 other crypto projects that should be priced higher than DOGE.” He added: “It’s amazing to see whether [one] Celebrities can.”
Dogecoin has gained immense popularity over the past months, mainly due to celebrity endorsements, such as Tesla CEO Elon Musk, also known as the “Dogfather”. Musk recently revealed that he personally owns Dogecoin. Many new investors jumped into Dogecoin as the price jumped more than 10-fold from around $0.06 to over $0.72 during April and May. The price is around $0.20 at the time of writing.
For Dogecoin 2021 price prediction, Finder described:
While the one-time hot coin may have seen some higher highs in 2021, the future does not look as bright, with Doge’s value expected to end the year at around halving ATH at US$0.42.
Dogecoin price predictions for the end of the year range from $0 to $1, with an average of $0.42.
Finder found that about 15% of its expert panel, or 3 out of 20 panelists who provided price forecasts for Dogecoin, “expect the coin to peak at the elusive US$1 mark.”
University of Saskatchewan’s Ph.D. The candidate, Ajay Shrestha, is a panel member who believes that the price of Meme Coin could reach $1, but “only if Dogecoin receives continued support from Elon Musk… otherwise, it should not be promoted as such.” will get.” Cake DeFi CEO Julian Hosp also believes that Dogecoin will cost $1. However, he said:
It will be a pump and dump.
Some experts on the panel were not as optimistic. John Hawkins, a senior lecturer at the University of Canberra, predicted that the price of Dogecoin would be only $0.15 by the end of 2021. he explained:
Dogecoin is largely dependent on Elon Musk’s erratic tweets. It is hardly used as a payment instrument and has proven to be a very poor store of value.
Furthermore, the panel detailed: “It is safe to say that the panel is out on Doge. 80% of the panels say Dogecoin is bubble, while 10% say Doge is not a bubble, the remaining 10% are uncertain.”
The panel includes representatives from Gallia Digital, Allnodes, Wave Financial, Morpher, CryptoCompare, Coinsmart, Benz Capital, Arcane Crypto, Rouge International and Rouge Ventures, Celsius Network, Coingeco, Coinflip, Token Metrics, Thomson Reuters, Finder, Morgan Creek Digital . Zebpay, Amber, Decred, UCL, University of New South Wales, City University of Hong Kong, and University of Western Australia.
What do you think the price of Dogecoin will be at the end of the year and in 2025? Let us know in the comments section below.
image credit: Shutterstock, Pixabay, WikiCommons
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