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.
See related article: Ethereum price expected to hit $7,609 in 2022: report
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.
See related article: Cardano to close 2022 at $2.79, experts predict
