A panel of crypto industry experts says now is the time to sell dogecoin. The majority of the experts expect DOGE to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” said one of the experts on the panel, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency.
Expert Panel on Dogecoin Losing All Value
Price comparison portal Finder updated its dogecoin (DOGE) price predictions Wednesday. The platform explained that it measures expert predictions of the future price of dogecoin using weekly and quarterly surveys. The latest 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 panel was 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 will 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 described. “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.”
Dogecoin’s Price Predictions
While the majority of the experts on the panel do not have confidence in the long-term future of dogecoin, some of them remained optimistic. For example, Walker Holmes, co-founder and VP of Metatope, predicted that the price of dogecoin could reach $0.40 by year-end. “DOGE has a great community but little utility. DOGE has the ability to attract a culture of content creators and creatives,” he opined.
Bullish forecasts of dogecoin by some of the experts have pushed the average panel predictions upward. Finder detailed:
Dogecoin may see a modest increase in its value in 2022, with Finder.com’s panel of fintech specialists giving an average end of 2022 prediction of $0.08. Going forward, the panel projects DOGE to be worth around $0.19 in 2025 before rising to $0.64 by 2030.
“The panel’s July short-term…
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