Recent Surveys Indicate Dogecoin’s Market Confidence Is Low
Price comparison portal Finder recently conducted a Dogecoin (DOGE) price prediction survey of a panel of 54 industry experts. The results show that most industry experts lack confidence in Dogecoin’s long-term future.
Panel members were asked, “Do you think DOGE will completely lose its value?” 55% said yes, 21% believe the meme cryptocurrency will bounce back, and 24% said they were unsure. Regarding when the price of Dogecoin will lose all of its value, 3% said it would happen within the year, 12% said next year, 9% see it happening in 2024, and 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,” Finder explained. “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. Just 1 in 5 (21%) see DOGE bouncing back.”