Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Our panel thinks Dogecoin (DOGE) will be worth US$0.13 by the end of 2023 before rising to US$0.33 by 2025. Finder analyses expert predictions and the latest survey was conducted in April 2023 where a panel of 32 industry specialists gave their thoughts on how DOGE will perform over the next decade. All prices mentioned in this report are in US dollars.
Dogecoin price predictions for 2023, 2025 and 2030
On average, our panellists feel that Dogecoin (DOGE) will be worth $0.13 by the end of 2023.
Looking further ahead, they predict that DOGE will be worth $0.33 by 2025 before rising to $0.75 by 2030.
The panel’s predictions for the price of DOGE by 2025 were up very slightly compared to our January 2022 survey results when the panel saw DOGE closing out 2025 at $0.32.
However, the panel was more bullish on the price of DOGE by 2030. Its April 2023 prediction of $0.75 is about 39% higher than its January 2022 prediction of $0.54.
“Despite the fact that most people think Dogecoin is a joke and should therefore have no value, humor has real market value, and Dogecoin is likely to thrive and survive because the community is having fun,” Ruadhan O, creator of Seasonal Tokens, said. “The sober experts who see no value in a joke are the ones who don't understand the market forces involved.”
Paul Levy, senior lecturer at the University of Brighton, also believes that the Dogecoin community may continue to drive the price of DOGE higher.
“There's a grassroots loyalty in some investors ideologically aligned to its community roots and origin story,” Levy said. “ If it does continue to marginally trend upwards it may be time to carefully invest.”
However, not all of our panellists are optimistic about the price of DOGE. A number of our panellists see DOGE as little more than an asset with no real value and think that it will ultimately fail.
“I am not convinced that any plan around Dogecoin could be successful in the long run,” Yves Renno, head of trading at Wirex Ltd, said.
Is now the time to buy, sell or hold Dogecoin (DOGE)?
46% of our panellists feel that it’s time to sell DOGE.
31% think it’s time to hold the asset, while only 23% say it’s time to buy it.
“This coin makes no sense,” Elvira Sojli said. The associate professor at University of New South Wales (UNSW) believes it’s time to sell DOGE. “It was started as a joke and it remains so.”
Jeremy Britton, CFO at Boston Trading.co, agrees that it’s time to sell DOGE.
“I believe that [because DOGE has] zero utility, zero store of value and [can be] infinitely inflated,” Britton said. “DOGE is worth zero.”
Shubham Munde, senior research analyst at Market Research Future, believes it’s time to hold DOGE, but not necessarily because the token is underpinned by good fundamentals.
“The popularity of DOGE is soaring on social media, and its low cost will attract more beginner investors during the upcoming years,” Munde said.
Aaron Rafferty, CEO and co-founder of StandardDAO, said DOGE is a buy based on the idea that the asset may have a use case in the future.
“People love to pump DOGE, and, who knows, maybe the network will gain utility,” Rafferty said.
Will Elon Musk always have a positive influence on DOGE's price?
38% of our panellists feel that Elon Musk will always have a positive influence on DOGE’s price, while 35% say that he’ll eventually lose influence over the price of DOGE.
19% feel that he’ll actually have a negative influence on the price of DOGE in the future.
A number of our panellists think that Elon Musk’s influence is the primary factor that keeps driving the price of DOGE higher.
“I don't see any fundamentals behind DOGE – only Musk influence,” Ilya Volkov, CEO of YouHodler, said.
Sathvik Vishwanath, CEO and founder of Unocoin Technologies Pvt Ltd., feels the same way.
“Its value has been heavily influenced by social media hype and the public statements of influential figures such as Elon Musk,” Vishwanath said.
“Any predictions or views on Dogecoin’s price should be taken with caution,” he said.
Bottom line
Dogecoin holds a unique and cherished place in cryptocurrency folklore. It was created as a joke back in 2013, and, to the surprise of many, its market cap rose from nothing to almost $90 billion at its peak in May 2021.
Its current market cap is over $10 billion, though, which provides some indication of just how volatile the asset is.
If you're thinking of buying any DOGE, make sure you carefully consider the factors that could drive its value up or down before making a purchase.
Meet our panel
Finder surveyed 32 fintech specialists in April 2023. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 17 panellists gave their price forecast for DOGE. Panellists may own some cryptocurrencies, including DOGE. All prices are listed in USD per DOGE.
Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Frank Corva is the senior analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the States to teach at universities in New York City. He spent years as a publicist and graphic designer in the music industry, working for record labels like Warner Music Group and Triple Crown Records, and he's also a former music journalist whose writing and photography has been in published in Alternative Press, Spin and other outlets.
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