A group of experts in the encryption industry has stated that it is time to sell dog coins. Most experts predict that DOGE will completely lose its value
A group of experts in the encryption industry has stated that it is time to sell dog coins. Most experts predict that DOGE will completely lose its value. Dogcoin "is a meme coin and should not truly achieve this," said an expert in the group, accusing Tesla CEO Elon Musk of promoting the popularity of meme cryptocurrencies.
Expert Group on Dog Coin Losing All Its Value
The price comparison portal Finder updated its price forecast for Dogcoin (DOGE) on Wednesday. The platform explains that it measures experts' predictions about the future price of dog coins through weekly and quarterly surveys. The latest quarterly survey was conducted in July, asking a group of 54 industry experts their views on the performance of Dogcoin over the next decade.
The group was asked, Do you think the governor will completely lose its value? 55% of people say yes, 21% believe that meme cryptocurrencies will rebound, and 24% say they are unsure. Regarding when the price of Dogcoin will lose all its value, 3% say it will happen within the year, 12% say it will happen next year, 9% think it will happen in 2024, and 30% say that meme cryptocurrencies will completely lose their value before 2025 or later.
We are a bit far from the day when people think that DOGE is going to the moon, "Finder described. People are now more concerned about it staying on Earth (reading: heading towards zero), with over half of the group (55%) indicating that this situation will happen at some point in the future. Only one fifth (21%) of people have seen a rebound in DOGE.
Price prediction of dog coins
Although most of the experts in the group do not have confidence in the long-term future of Dogcoin, some of them still hold an optimistic attitude. For example, Walker Holmes, co founder and vice president of Metatope, predicts that the price of dog coins may reach $0.40 by the end of the year. DOGE has a great community, but it's almost useless. DOGE has the ability to attract a culture of content creators and creatives, "he believes.
Some experts' bullish predictions about dog coins have driven the upward trend of average panel predictions. Finder Details:
The value of dog coins may increase moderately in 2022, with Finder.com's fintech expert group predicting an average of $0.08 by the end of 2022. Looking ahead, the team predicts that the value of DOGE will be approximately $0.19 in 2025, and will rise to $0.64 by 2030
The team's short-term forecast for July significantly decreased compared to the survey results in January, when the team saw that DOGE would end in 2025 with a value of $0.16 and $0.32 in 2022, "Finder pointed out. At the time of writing, the transaction price of memes was $0.070534.
Several experts from the group stated that Tesla CEO Elon Musk should be responsible for the popularity of dog coins. Patrick White, CEO of Bitweave, commented, "DOE is a meme coin and should not truly achieve this. Thank you, Elon
Regarding whether to buy, sell, or hold dog coins, Finder provides a detailed introduction:
Most members of the group believe it is time to withdraw from DOGE, with 71% indicating a sale. Less than a quarter (24%) of people believe that you should keep what you have, and only 4% believe it's time to buy
This group includes university directors, crypto exchange executives, crypto research analysts, and executives from various companies with crypto related products.
Finder experts have recently made predictions for several other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Coincoin (BNB). In May of this year, the team predicted the death of DOGE's competitor, the cryptocurrency Shibainu (SHIB).
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