Panelists from the product comparison platform Finder’s dogecoin price prediction report say that the popular meme-based cryptocurrency will reach $0.163 per unit in 2022. Finder’s recent poll concerning dogecoin’s forecasted price leverages 33 experts and by 2025, the panelists say dogecoin is expected to reach $0.316 per unit.
Finder’s Dogecoin Prediction Report Shows Lower Forecast Than Panel Prediction in July 2021
Product comparison site finder.com has published a new prediction report for the meme-based crypto-asset dogecoin (DOGE). The web portal has published a myriad of prediction reports in the past, covering cryptocurrencies like cardano (ADA), ethereum (ETH), and bitcoin (BTC).
Moreover, back in July 2021, Finder’s expert panelists predicted dogecoin’s value would reach $0.39 per unit by year-end 2021. This month’s DOGE prediction is a lot different and significantly lower than the July forecast.
In fact, by the end of 2022, panelists predict that dogecoin will only increase by 16.5% in value from its current price reaching $0.163 per unit. Currently, dogecoin is trading at $0.132, which is lower than when Finder researchers recorded the value as $0.14 by DOGE on February 2, 2022.
Finder’s report authors Tim Falk and Richard Laycock highlight that the future outlook of dogecoin’s value has changed a great deal among participating panelists. “Around the time of our last survey, many people thought that DOGE was going ‘to the moon’ and cresting the $1 mark, but our panel was fairly skeptical about the coin’s ability to hit that milestone,” Falk and Laycock’s report notes.
The Finder’s dogecoin prediction report continues:
Since then, their long-term outlook on the coin’s future has waned, expecting its value to hit $0.32 by 2025 and $0.54 by 2030, compared to its previous expectations of $0.57 by 2025 and $0.92 by 2030.
Finder Experts Explain Reasons Behind Latest Dogecoin Predictions
Dogecoin lost value, with the crypto asset losing 12.6% in the past seven days. Despite this, year-to-date metrics show dogecoin (DOGE) rising 147.9% against the US dollar. DOGE has a market valuation of around $17.5 billion, making it the 13th largest crypto market cap.
At the time of writing, the meme-coin’s market cap represents 0.96% of the $1.8 trillion crypto economy. Meanwhile, Finder’s panelists had various opinions concerning dogecoin’s future outlook in terms of value.
“This should not be underestimated in the world of cryptocurrency where breaking traditional methods of identifying value is a cherished pastime,” Finder founder Fred Schebesta said in a statement. Schebesta thinks DOGE will hit $0.25 by the end of 2022. “Investors can probably sit back knowing that while there will be more, and more will come and go, DOGE will forever be there. ‘original,” added Schebesta.
Joseph Raczynski, a technologist and futurist from Thomson Reuters, agrees with finder.com’s founder. Raczynski predicts that dogecoin can reach $0.50 by the end of 2022 and also tap $1 per unit by the end of 2025. “It is only worth something because people want to believe in it,” Raczynski remarked.
Despite some positive supporters of dogecoin, other panelists in the Finder poll believe that meme-based assets, in general, will become dull for investors going forward. Vanessa Harris, product manager at Permission, thinks it will and DOGE’s value will go down. However, she also noted that meme cryptocurrencies like dogecoin will likely survive.
“DOGE, SHIB, and others captured the imagination of first-time crypto investors. In 2022 we will see the luster wear off as meme coins’ lack of true utility causes investors to seek more fruitful investments. The 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 stated in the Finder’s report.
