Finder’s Dogecoin Price Predictions Report – BlockPublisher
Dogecoin (DOGE) is expected to completely lose its value, according to the majority of fintech and cryptocurrency specialists on Finder.com’s latest Dogecoin Price Predictions Report.
55% of Finder’s panel think DOGE will completely lose its value; 15% say it’ll happen by 2023, an additional 9% by 2024 and the remaining 30% by 2025 or later.
However one in five (21%), including Panxora Hedge general partner Gavin Smith, think DOGE will bounce back.
“While DOGE was launched as a joke coin it has subsequently developed a large and loyal community. Detractors of the token forget that community is at least as important as uniqueness in the crypto space.”
MetaTope cofounder Walker Holmes echoed a similar sentiment and thinks DOGE could be worth $1 by 2025.
“This is with the foresight of Elon sticking with the project, Doge has a great community but little utility. Doge has the ability to attract a culture of content creators and creatives.”
Given the panel expects DOGE to be worth just $0.08 by the end of the year on average it’s not surprising that 71%, including University of Canberra senior lecturer John Hawkins, think now is the time to sell DOGE.
“It is interesting that the ability of Elon Musk to pump up the Dogecoin price with his tweets seems to be diminishing over time. The coin was created as a joke and that is what it [will] end up,” he said.
Meanwhile nearly a quarter (24%) of the panel suggested it’s time to hold DOGE.
“No team, no developers, no use case: DOGE is like a pog or a Pokemon. It may be fun to collect, but how are your Beanie Babies doing as an inflationary hedge?” said Boston Trading CFO Jeremy Britton who is in the ‘hold’ camp.
31% think the v.1.14.6 update will have a positive impact on the price of DOGE – 10% a significant impact. However 45% don’t think there will be any impact and 24% are unsure.