DOGE to Hit $0.163 in 2022: Finder’s Dogecoin Price Predictions Report
Dogecoin Price Predictions
• DOGE is expected to end the year at $0.163 in 2022 before hitting $0.316 in 2025 and $0.541 in 2030.
• 18% of panellists think DOGE can rebrand itself from a meme coin to a utility coin.
• 45% of panellists say Dogecoin is the most likely meme coin to have more practical applications in future.
Dogecoin Price Predictions
According to Finder.com’s latest Dogecoin Price Predictions Report, Dogecoin (DOGE) is expected to jump to US$0.163 at the end of 2022.
Finder.com’s panel of fintech and cryptocurrency specialists predict that DOGE will end 2022 at $0.163 before hitting $0.541 in 2030 – roughly 400% higher than its price at the beginning of this year.
Finder’s founder Fred Schebesta predicts DOGE will be worth $0.25 by the end of 2022.
“It shouldn’t be underestimated in the world of cryptocurrency where breaking traditional methods for identifying value is a cherished past-time. Investors can likely sit tight knowing that while there will be more, and others will come and go, DOGE will forever be the original,” he said.
Technologist and futurist from Thomson Reuters Joseph Raczynski agree with Schebesta that DOGE will benefit from its first-mover advantage and predicts DOGE will hit $0.50 by the end of 2022 before reaching $1 by the end of 2025.
“It is only worth something because people want to believe in it,” he said.
The recent Dogecoin Trailmap Initiative details a proposed direction for DOGE to boost its utility but whether or not DOGE can successfully rebrand itself from a meme coin to a utility coin is up for debate.
54% of the panel think DOGE will remain a meme coin, 29% are unsure and just one in five (18%) believe DOGE can leave its meme coin status behind.
However, of all the meme coins, the panel thinks DOGE is the most likely to have more utility in future, with 45% of panellists saying it could have more practical applications moving forward, followed by Shiba Inu (23%) and Samoyedcoin (5%).
However many panellists were quick to note that meme coins have that name for a reason, and don’t expect any of the meme coins to have practical applications.
Permission’s Chief Product Officer Vanessa Harris says meme coins will lose their lustre over time and expects DOGE will shrink in value over the next decade.
“DOGE, SHIB and others captured the imagination of first-time crypto investors. In 2022 we will see the lustre 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,” she added.