Dogecoin (DOGE) is hesitant in its rise to recovery. Is it time to sell your DOGE?
A panel of crypto scholars and analysts nods to this idea and says this is your signal to sell Dogecoin. Most crypto experts claim that DOGE will completely lose its value and now is the time to sell the coin meme.
Finder, a price comparison platform, commissioned this quarterly survey in July. They asked for the predictions of over 54 crypto experts on where DOGE price will go over the next decade.
55% of 54 crypto experts say DOGE is screwed
Finder asked “Do you think DOGE will completely lose its value?”
Around 55% of experts agreed that DOGE will lose value while 21% say the coin itself will recover. About 24% were unsure of the DOGE result.
Around 3% of experts say DOGE will lose value within the year, 12% believe it will happen next year, 9% see it coming in 2024, while the remaining 30% are confident the meme coin will raze fully worth it by 2025 or later.
DOGE, the meme coin popularized by Tesla CEO Elon Musk, started off with a bang, but it may not work as expected.
More and more people are worried about DOGE and are convinced that it might not go to the moon or as planned when it was created, especially after around 55% or half of the panel said that the fall of DOGE will perform in the future. And only 21% say there is a slim chance DOGE can bounce back and reclaim lost glory.
71% say it’s time to sell DOGE
The majority of crypto experts lost faith in the future value of Dogecoin, but some remained positive like Walker Homes, VP and co-founder of Metatope, who predicted that DOGE price could rise to $0.40 d by the end of 2022.
Holmes says the token has a “big community but little utility,” adding that it has the ability to draw “a culture of content creators and creatives.”
DOGE is expected to show a slight increase in value in 2022 and could be worth an average of $0.19 in 2025 before climbing to $0.64 by 2030.
Around 71% of the expert panel consisting of crypto analysts, crypto exchange owners or executives, and administrators believe it is time to sell DOGE.
A quarter or around 24% think people should keep the DOGE they have now while the remaining 4% are convinced it’s time to buy.
DOGE total market cap at $9.4 billion on the daily chart | Source: TradingView.com Featured image from The Coin Republic, chart from TradingView.com