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Dogecoin ($DOGE) Could Hit $1.2 by 2025, Expert Panel Suggests

Dogecoin ($DOGE) Could Hit $1.2 by 2025, Expert Panel Suggests


The price of Dogecoin (DOGE) could surpass the elusive $1 mark by 2025 and hit a $1.21 high by that year, before reaching a $3.6 high by 2030, according to a panel of cryptocurrency experts surveyed by Finder.

According to the expert panel, the price of the cryptocurrency is set to surge in the future, although most expect it to close this year at about $0.42, well below its current all-time high of over $0.72.

The panel’s bullishness for DOGE over the next few years is partly related to Elon Musk’s involvement in the cryptocurrency space, although the 2030 prediction is skewed by a massive outlier, as an expert predicted DOGE will be at $50 by that year.

For December 2025, the predictions range from $0. To $10, with the average being at $1.21. The highest prediction for that year came from Brighton Business School’s senior lecturer Paul Levy, who said DOGE will trade at $10. By comparison, the median price prediction for that year was just $0.15.

Joseph Raczynski, a technologist and futurist for Thomson Reuters, was bearish on the cryptocurrency, and said:

Dogecoin will eventually go to $0. There are at least 100 to 200 other crypto projects that should be worth more than DOGE.

The price of DOGE experienced a massive 10,000% price rally, at about the same time its average of 135,000 monthly searches jumped to 16.5 million. As CryptoGlobe reported, data shows the cryptocurrency’s price started jumping over a Reddit-fueled surge meant to help it get to $1.




In Finder’s panel Julian Hosp, CEO of Cake DeFi, said he believes the price of the cryptocurrency will indeed hit $1, but it “will be a pump and dump.” Senior lecturer at the University of Canberra John Hawkins said the cryptocurrency will end the year at $0.15, and explained Dogecoin “seems largely dependent on Elon Musk’s erratic tweets. It is barely used as a payment instrument and has proved a very poor store of value.”

About 80% of the panel called DOGE a bubble, while 10% said it isn’t and 10% said they were unsure of whether it’s a bubble or not.

As reported, Finder’s panel on Ethereum found the cryptocurrency could outperform bitcoin this year to surge to $4,596, and its performance could be such that by 2025 one ether would be worth $17,810.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Featured image via Pixabay



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