According to Finder’s panel of 33 cryptocurrency and fintech experts, Dogecoin will end the year at US$0.163, a fraction of a penny less than the memecoin’s February peak of US$0.168.
Dogecoin’s price is expected to double to US$0.32 by 2025 and US$0.54 by 2030, according to the panel, down from US$0.57 by 2025 and US$0.92 by 2030 forecast last year.
Dogecoin, dubbed “the original memecoin,” is the 13th most valuable cryptocurrency, with a market capitalization of $15.5 billion and a price of $0.16 as of press time.
The Doge Foundation published a plan in December 2021 with the goal of increasing Dogecoin’s utility and partnering with Ethereum co-founder Vitalik Buterin to move the system to a proof-of-stake consensus method.
However, 53.6 percent of Finder’s panel believes the memecoin cannot be rebranded as a utility coin, while only 17.9% feel Dogecoin can.
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