Finder’s Panel Predicts DOGE Price To Hit $1.21 by 2025 and $3.60 by 2030
A panel of experts in comparison website Finder shared their price prediction for dogecoin for the end of the year as well as in 2025 and 2030. Individually, the experts was very divided on the future price of the meme cryptocurrency. Some pointed out that the price of dogecoin is heavily dependent on Tesla CEO Elon Musk promoting it.
Finder, a major product comparison website, recently published the result of its July 2021 survey on the price prediction of dogecoin. To determine if the meme cryptocurrency is “about to jump in price, or has this joke finally reached its use-by date … we asked our 42-expert panel what’s in store for the coin,” according to Finder.
The experts were asked about their price forecasts for dogecoin for 2025 and 2030. The panel reached the following verdict:
“Doge should see its value hit an average value of US$1.21 by 2025 and US$3.60 by 2030, according to the panel average.”
Finder explained that the high value was due to “one outlier pulling the average price way up.” The predictions for December 2030 range from $0 to $50, with the average being $3.60.
December 2025 predictions range from $0 to $10 with the average being $1.21. The highest prediction came from Brighton Business School’s senior lecturer, Paul Levy, who valued DOGE at $10. By comparison, “The median prediction for Doge by December 2025 is US$0.15,” Finder noted, adding that ”30% of the panel sees Doge’s worth at US$1 or more in 2025.”
Some experts are very pessimistic about the future price of dogecoin. Technologist and futurist for Thomson Reuters, Joseph Raczynski, said: “Dogecoin will eventually go to $0. There are at least 100 to 200 other crypto projects that should be worth more than DOGE.” He opined: “It’s amazing to witness what [one] celebrity can do,” referring to Tesla CEO, Elon Musk.
Many have attributed Dogecoin’s popularity largely due to celebrity endorsements, mainly from Elon Musk, who is also known as the “Dogefather.” Musk recently revealed that he personally owns dogecoin. Many new investors jumped into dogecoin as the price soared more than 10x during April and May from about $0.06 to over $0.72. The price at the time of writing is near $0.20.
As for dogecoin’s 2021 price prediction, Finder described:
“While the one-time hot coin may have seen some high highs in 2021, the future doesn’t look as bright, with Doge’s value expected to end the year almost half its ATH at US$0.42.”
The dogecoin price predictions for the end of 2021 range from $0 to $1, with the average being $0.42.
Roughly 15% of Finder’s expert panel, or 3 out of 20 panelists, who provided price predictions for dogecoin “expect the coin to crest at the elusive US$1 mark.”
University of Saskatchewan’s Ph.D. candidate, Ajay Shrestha, is a panel member who believes the price of the meme coin could reach $1 but “only if dogecoin receives continuous support from the Elon Musk … Otherwise, it wouldn’t get such hype.” Cake Defi CEO Julian Hosp also believes that dogecoin will be worth $1. Nonetheless, he said:
“It will be a pump and dump.”
Some experts on the panel were not as optimistic. Senior lecturer at the University of Canberra John Hawkins predicted that the price of dogecoin will only be $0.15 by the end of 2021. He 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.”
Furthermore, the panel detailed:
“It’s safe to say that the panel is out on Doge. 80% of the panel calls dogecoin a bubble, whereas 10% says that Doge isn’t a bubble, with the remaining 10% unsure.”
The panel includes representatives from Galia Digital, Allnodes, Wave Financial, Morpher, Cryptocompare, Coinsmart, Banz Capital, Arcane Crypto, Rouge International and Rouge Ventures, Celsius Network, Coingecko, Coinflip, Token Metrics, Thomson Reuters, Finder, Morgan Creek Digital, Zebpay, Amber, Decred, UCL, the University of New South Wales, City University of Hong Kong, and the University of Western Australia.
