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Dogecoin Price Prediction is soon going to hit US$1 in the year 2023 more details below
A group of specialists has predicted the price of dogecoin at the end of the year, as well as in 2025 and 2030. Individual experts are divided on the meme cryptocurrency's potential price. Some have pointed out that the price of dogecoin is heavily reliant on Tesla CEO Elon Musk's promotion of it.
Experts Share Dogecoin Price Predictions Last week, Finder, a large product comparison website, announced the results of its July 2021 survey on Dogecoin price prediction. To see if the meme cryptocurrency is "about to jump in price, or has this joke finally reached its use-by date... we asked our 42-expert panel what's in store for the coin," according to the business.
The experts were asked to anticipate dogecoin prices between 2025 and 2030. According to the panel, Doge's worth should reach an average of US$1.21 by 2025 and US$3.60 by 2030, according to the firm.
Finder, on the other hand, pointed out that the high price was due to "one outlier pulling the average price way up." The forecast for December 2030 ranges from US$0 to US$50, with an average of US$3.60.
The forecast for December 2025 ranges from US$0 to US$10, with an average of US$1.21.
Some experts are pessimistic about the price of dogecoin in the future. "Dogecoin will eventually go to US$0," said Joseph Raczynski, a Thomson Reuters technologist and futurist. There should be at least 100 to 200 more crypto projects worth more than DOGE." He stated, "It's amazing to witness what [one] celebrity can do."
Dogecoin has grown in popularity in recent months, thanks largely to celebrity endorsements such as Tesla CEO Elon Musk, often known as the "Dogefather." Musk just announced that he is a Dogecoin owner. Many new investors jumped into dogecoin as the price more than doubled during April and May, from around US$0.06 to more than US$0.72. At the time of writing, the price is about US$0.20.
Finder summarised the 2021 price prediction for Dogecoin as follows: "While the once-hot coin may have seen some high highs in 2021, the future doesn't look as bright, with Doge's value expected to end the year nearly half its ATH at US$0.42."
Dogecoin price forecasts for the end of the year range from US$0 to US$1, with US$0.42 being the average. Finder discovered that around 15% of its expert panel, or three out of twenty panelists, who made dogecoin price forecasts "expect the coin to crest at the elusive US$1 mark."
Ajay Shrestha, a Ph.D. candidate at the University of Saskatchewan, is a panel member who believes the meme coin's price might hit US$1, but only "if dogecoin has constant backing from the Elon Musk... Otherwise, it would not have received such attention." Julian Hosp, CEO of Cake Defi, believes that dogecoin will be worth US$1 in the future. Regardless, he stated: It will be a pump and dump.
Some of the experts on the panel were less optimistic. According to John Hawkins, a senior academic at the University of Canberra, the price of dogecoin will be US$0.15 by the end of 2021. He elaborated:
Dogecoin appears to be heavily reliant on Elon Musk's wild tweets. It is rarely utilized as a payment instrument and has shown to be an ineffective store of value.