Panelists from Finder’s report on predicting dogecoin prices on a product comparison platform say the popular meme-based cryptocurrency will reach $ 0.163 per unit in 2022. Finder’s recent survey on projected dogecoin prices includes 33 experts, and panelists say dogecoin is expected to reach 0.31 per unit.
Finder’s Dogecoin forecast report shows a lower forecast than the panel’s July 2021 forecast.
The product comparison website finder.com published a new forecast report in connection with meme-based crypto-active dogecoin (DOGE). The web portal has published countless predictive reports in the past, covering crypto coins such as cardan shaft (ADA), ethereum (ETH)i bitcoin (BTC).
Moreover, back in July 2021, Finder’s expert panelists predicted that the value of dogecoin would reach $ 0.39 per unit by the end of 2021. This month’s DOGE forecast is much different and significantly lower than the forecast for July.
In fact, by the end of 2022, panelists predict that dogecoin will collect only 16.5% of its value compared to the current price, which will reach $ 0.163 per unit. Currently, dogecoin is trading at $ 0.132, which is lower than when Finder researchers recorded a value of $ 0.14 per DOGE on February 2, 2022.
Authors of the Finder report, Tim Falk and Richard Laycock, point out that the future view of the value of dogecoin has changed greatly among panelists. “Around the time of our last survey, many people thought DOGE was going‘ to the moon ’and reaching a $ 1 peak, but our panel was quite skeptical about the coin’s ability to reach that milestone,” Falk and Laycock note in the report.
Finder’s dogecoin prediction report continues:
Since then, their long-term outlook on the coin’s future has plummeted, expecting its value to reach $ 0.32 by 2025 and $ 0.54 by 2030, compared to previous expectations of $ 0.57 by 2025 and 0 , $ 92 by 2030.
Finder’s experts explain the reasons behind the latest predictions of Dogecoin
Dogecoin has fallen in value as crypto assets have fallen 12.6% in the last seven days. Nevertheless, year-to-date metrics show that dogecoin (DOGE) rose 147.9% against the US dollar. DOGE has a market value of about $ 17.5 billion, making it the 13th largest crypto market capitalization.
At the time of writing, the market capitalization of meme-coins represents 0.96% of the $ 1.8 trillion crypto economy. Meanwhile, Finder’s panelists had differing views on the future prospects of dogecoin in terms of value.
“This should not be underestimated in a world of cryptocurrencies where breaches of traditional value identification methods have been valued in the past,” Fred Schebesta, founder of Finder, said in a statement. Schebesta believes DOGE will spend $ 0.25 by the end of 2022. “Investors can sit back knowing that DOGE will forever be the original, though there will be more, and others will come and go,” Schebesta added.
Joseph Raczynski, a technologist and futurist at Thomson Reuters, agrees with the founder of finder.com. Raczynski predicts that dogecoin could reach $ 0.50 by the end of 2022, and also use $ 1 per unit by the end of 2025. “It’s only worth it because people want to believe in it,” Raczynski noted.
Despite a few positive dogecoin believers, other panelists in Finder’s poll believe meme-based assets will generally fade for investors in the future. Vanessa Harris, product director of Permission, thinks this will be the case and the value of DOGE will sink. Although she also noted that cryptocurrency meme coins like dogecoin are likely to survive.
“DOGE, SHIB and others have won the imagination of beginners in crypto investors. In 2022, we will see that brilliance is lost as the lack of true utility of mem coins causes investors to seek 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,” Harris said in Finder’s report.
What do you think of Dogecoin’s predictions by Finder’s expert panelists? Let us know in the comments section below.
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