Finder’s Experts Predict Dogecoin Price to Hit $1.21 by 2025 and $3.60 by 2030
Finder, a major product comparison website, published the result of its July 2021 survey on the price prediction of dogecoin last week. The company provided details of the 42-member panel’s predictions on the future price of the meme cryptocurrency to determine whether it is going to rise in value or if this joke has reached its end.
Experts were asked to provide their forecasts on the price of dogecoin in 2025 and 2030. According to the panel,:
According to the panel average, Doge’s value should reach an average of US$1.21 in 2025 and US$3.60 in 2030.
Finder said that the high value of the property was due to a single outlier driving the average price up. The December 2030 predictions range from $0 up to $50 with an average of $3.60.
The December 2025 predictions ranged from $0 to $10, with the average at $1.21. Paul Levy (a senior lecturer at Brighton Business School), valued DOGE at $10. This was the highest prediction. The company stated that the median prediction for Doge by 2025 is US$0.15. It also noted that 30% of the panel believes Doge will be worth US$1 or more by 2025.
Some experts are pessimistic regarding the future price for dogecoin. Joseph Raczynski (technologist, futurist at Thomson Reuters) said that dogecoin will eventually reach $0. Joseph Raczynski, a futurist and technologist at Thomson Reuters, stated that DOGECOIN will eventually reach $0. He said, “It’s incredible to see what [one] celebrity can accomplish.”
Dogecoin gained much popularity in the last months largely because of celebrity endorsements like Elon Musk, Tesla CEO, and the ‘Dogefather’. Musk recently revealed that he personally owns dogecoin. Dogecoin’s price soared over 10x between April and May, from $0.06 to $0.72. At the time of writing, it is close to $0.20.
As for dogecoin’s 2021 price prediction, Finder described:
The once-hot coin may have reached some new highs in 2021 but the future is not looking so bright. Doge’s expected value to end the year at US$0.42 will be almost half of its ATH.
Dogecoin prices predictions for the end-of-the year range from $0.0 to $1 with an average of $0.42.
Finder discovered that approximately 15% of its experts, or 3 of 20 panelists who made price predictions for Dogecoin, ‘expect it to crest at US$1’.
Ajay Shrestha (University of Saskatchewan) is a panel member. He believes that the price of the meme currency could reach $1, but only if the Elon Musk continues to support dogecoin. It wouldn’t be as popular otherwise. Julian Hosp, Cake Defi CEO, believes that dogecoin is worth $1. He said, however:
It will serve as a pump-and-dump.
Others on the panel weren’t as optimistic. John Hawkins, a senior lecturer at the University of Canberra, predicted that dogecoin’s price would be $0.15 by 2021. He explained:
Dogecoin appears to be heavily dependent on Elon Musk’s unpredictable tweets. It’s not used much as a payment instrument, and it has been a poor store of value.
The panel also stated: “It’s safe for us to say that the panel has decided against Doge.” The panel identifies dogecoin as a bubble for 80%, 10% of which calls Dogecoin a bubble and 10% disagree.
Representatives from Galia Digital and Wave Financial are part of the panel.