Sure, DOGE could ride another massive wave of social-media hype and skyrocket 525% in a short period of time, which would get it to $1 per token. But this extremely unlikely scenario can't be predicted with any level of certainty because it's not based on fundamentals.Dogecoin is expected to close this year at US$0.163, a fraction of a penny less than the memecoin’s February peak of US$0.168, according to Finder’s panel of 33 cryptocurrency and fintech experts.
Fast facts
The panel predicted Dogecoin’s price to double to US$0.32 by 2025 and US$0.54 by 2030 — down from last year’s prediction of US$0.57 by 2025 and US$0.92 by 2030.
Dogecoin, regarded as the original memecoin, is the 13th largest cryptocurrency with a market cap of US$15.5 billion and was trading at US$0.116 at press time.
In December 2021, the Dogecoin Foundation released a roadmap aimed at boosting Dogecoin’s utility, as well as collaborating with Ethereum co-founder Vitalik Buterin to shift the system to a proof-of-stake consensus mechanism.
But 53.6% of Finder’s panel don’t think the memecoin can be rebranded as a utility coin and only 17.9% believe Dogecoin can successfully do it.