Research: Dogecoin will lose all value
“It’s time to get out of DOGE,” says the study in which experts believe that Dogecoin will lose all value.
Spicy outcome. A panel of crypto industry experts say now is the time to sell Dogecoin. The majority of experts expect DOGE to lose its value completely.
Expert panel on Dogecoin losing all value
Price Comparison Portal Finder updated its price predictions for Dogecoin (DOGE) last week. The platform explained that it measures expert predictions of the future price of Dogecoin using weekly and quarterly surveys. The latest survey, conducted in July, “asks a panel of 54 industry experts for their thoughts on how Dogecoin will perform over the next decade.” The panel consists of university directors, crypto exchange executives, crypto research analysts and executives from various companies with crypto-related products.
The panel was asked, “Do you think DOGE will lose its value completely?”. 55% said yes, 21% believe the meme cryptocurrency will bounce back and 24% said they weren’t sure. As for when the price of Dogecoin will lose all its value, 3% said it will happen within the year, 12% said next year, 9% see it happening in 2024 and 30% said the meme crypto will lose its value in full losses by 2025 or later.
Stepping out
While the majority of the experts on the panel are not confident in the long-term future of Dogecoin, some remained optimistic. A handful of experts on the panel said Tesla CEO Elon Musk is responsible for the popularity of dogecoin. Bitwave CEO Patrick White noted, “DOGE was a meme coin that shouldn’t really have gotten to this point. Thank you, Elon.”
The majority of the panel thinks it is time to get out of DOGE, with 71% saying they are selling. Only a quarter (24%) think you should hold on to what you have and only 4% say it’s time to buy.
