Comparison website Finder conducted a crypto industry panel for research. The majority of experts who attended the panel said that the price of a meme coin would go to zero. The name of this meme coin is Dogecoin. Experts predict that the altcoin’s price will likely go to zero and never return from there.
“This meme coin is going to zero”
According to the survey, the majority of experts are betting that DOGE will lose all its value in the future. The report explains the situation by saying, “We’re a little far from the days when people thought DOGE was going to the moon.” The panel’s final report states that people are now more concerned about DOGE staying on Earth. He then points out that 55% of experts participating in the Panel stated that Dogecoin will reach zero in the future. Meanwhile, 24% of respondents say they believe this will happen in 2024 or earlier. The remaining 3% even predicted that DOGE could go to zero by the end of this year.
The survey results are characteristic for DOGE, which is considered perhaps the most popular and original pseudo-breast money. As we reported as Kriptokoin.com, meme coins are very difficult to analyze. Also, traders who invest with hype set their prices. Therefore, 21% of all surveyed experts say that the DOGE price will rise at some point. The remaining 24% keep their neutrality by ticking the “I’m not sure” option. However, the majority of the panel (71%) said they felt it was time to exit DOGE and sell. 24% said investors should hold on to what they have. Only 4% shared that they thought it was time to buy.
“The birth of the Dogecoin project was actually a joke”
Kevin He, COO of fintech firm CloudTech Group, also spoke about Dogecoin. “The birth of DOGE was actually a joke,” Kevin said. He then said that the meme coin project is completely useless and its value is completely determined by the community. For this reason, he stated that they believe that cryptocurrencies like DOGE will have no importance in the future and will collapse. However, the average of panelists’ specific price estimates reveals different results. Accordingly, the meme coin, which is currently ranked 10th by market cap, is likely to survive in the next few years. However, there is even a possibility that its price will rise. At the end of the year, the average price expectation shows a DOGE price of $0.08. This is followed by expectations for the end of 2025 and 2030, respectively. Experts expect a price of around $0.19 for 2025 and $0.64 for 2030.
“DOGE has proven to be permanent here”
But not everyone thinks like the majority of panelists. Gavin Smith, general partner of crypto hedge fund Panxora, talks about the enduring popularity of the meme coin project. Smith said that when the project was released as a joke, it created a loyal community around it. He then stated that critics of the Token forgot that community is just as important as uniqueness in the crypto space. MetaTope co-founder Walker Holmes talked about new benefits like Dogecoin’s NFT project and praised the community support.
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