In February, Dogecoin hit a high of USD 0.168. Finder’s panel of 33 cryptocurrency and fintech experts thinks the memecoin will end the year at USD 0.126, which is a fraction of a penny less than that.
Dogecoin’s price is expected to double to USD 0.32 by 2025 and USD 0.54 by 2030, down from USD 0.57 by 2025 and USD 0.92 by 2030 predicted last year. There is a lot of money invested in Dogecoin, which is known as the “original memecoin.” At the time this article was written, the cryptocurrency had a value of USD 15.5 billion and was worth about USD 0.116 at that time.
In December 2021, the Dogecoin Foundation released a plan to make Dogecoin more useful and work with Ethereum co-founder Vitalik Buterin to move the system to a proof-of-stake consensus mechanism.
However, 53.6 percent of the Finder’s panel believes memecoin cannot be effectively rebranded as a utility coin, whereas only 17.9 percent believes Dogecoin can.