Experts predict that DOGE will only reach $0.163 this year and rise to $0.316 in 2025

According to Finder’s DOGE price prediction report, the popular meme-based cryptocurrency will reach $0.163 by 2022. A recent Finder poll on DOGE price prediction included 33 experts and participants. DOGE is expected to reach $0.316 by 2025.

DOGE Price Prediction

The website finder.com published one report New cryptocurrency predictions based on DOGE meme. The portal has published countless prediction reports in the past, including ADA, ETH and BTC.

Furthermore, in July 2021, Finder experts predict that DOGE price will reach $0.39 by the end of 2021. However, this month’s forecast is quite different and significantly lower than the July forecast.

In fact, experts predict that by the end of 2022, DOGE’s value will increase by only 16.5% from current levels and reach $0.163. At the time of writing, DOGE is trading at $0.11, lower than when Finder researchers recorded it as $0.14 on February 2, 2022.

The authors of the Finder report, Tim Falk and Richard Laycock, emphasized that the future value prospects for DOGE are very different.

“At around the time of the last survey, many thought DOGE would ‘moonen’ and hit the $1 mark, but our board is quite skeptical about their ability to reach that mark.

As their long-term prospects for the coin’s future gradually fade, expect its value to reach $0.32 in 2025 and $0.54 in 2030, compared to previous expectations, $0.57 in 2025 and $0 $.92 in 2030.”

Reason for the discount

DOGE is down 14.4% over the past 7 days. Despite this, the figures show an increase of 147.9% since the beginning of the year. The token currently has a market cap of around $16.9 billion, making it the 13th largest cryptocurrency in the world.

At the time of writing, the market cap of this meme coin accounts for 0.96% of the nearly $1.8 trillion crypto economy. Meanwhile, Finder panelists had mixed opinions about DOGE’s future value.

Finder founder Fred Schebesta said in a statement:

“It shouldn’t be underestimated in the crypto world because the aim of this sector is to disrupt traditional methods.”

Schebesta believes DOGE will reach $0.25 by the end of 2022.

“Investors should wait patiently as there is more to come. Others will come and go, but DOGE will remain as it was forever,” added Schebesta.

Thomson Reuters technologist and futurist Joseph Raczynski agrees with the founder of finder.com. Raczynski predicts that DOGE could reach $0.50 by the end of 2022 and also $1 by the end of 2025.

“It has value because people want to believe it.”

While some believe in DOGE, other Finder poll panelists suggest that meme-based assets in general will look weak to investors going forward. Vanessa Harris, Product Manager at Permission, believes this will happen and DOGE’s value will go down. Despite this, she also noted that coin memes like DOGE will likely still exist.

“DOGE, SHIB and others have captured the imagination of first-time crypto investors. In 2022, the coin meme will be eclipsed by a lack of real utility, leading investors to look for more productive investments. These coins may not survive the top 100, but they will always have a place in our hearts for the memes and camaraderie they inspired,” Harris said in the Finder report.

What is the current DOGE price?

DOGE continues to decline and tends to make a new lower low. Out of all major cryptocurrencies, DOGE is by far the most recent long bearish coin close to 300 days (291 to be exact).

Memecoins could go into major shock on February 28th or March 1st. One of the “magic” in technical analysis is that prices often move with time. An example of this would be merging. The longer a consolidation pattern, the more dramatic and longer the breakout lasts. The converse of this relationship is also true.

Since the all-time high on May 8, 2021, DOGE has continuously slipped down. The pre-ATH spike started in early November 2020 and corresponds to the DOGE range from December 2018 to May 2021.

The period corresponding to the rally from November 2020 to May 8, 2021 reached an equilibrium from February 28 to March 1. Thus, DOGE price is nearing the end of the period to start a new bullish phase – but first it needs to break above some key resistance clusters.

Ichimoku Kinko Hyo DOGE/USDT daily chart | Source: Trade View

The large group of Fibonacci and Ichimoku resistances above DOGE price stretches between the $0.145 and $0.175 value range. Therefore, if the bulls are to confirm the timing and price action to start a fresh rally, they need to close at or above $0.175 on the daily chart. From there, DOGE will have an easier time moving up with $0.25 as the primary target.

The downside risk remains significant. DOGE could very easily (without warning) crash towards the $0.09 value area in the current range due to the near non-existent trading volume between 0.12 and 0.09.

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