Dogecoin Hits Zero Soon, According to a Survey.

Dogecoin (DOGE) price may drop to zero and never rise again, predicted the majority of crypto industry panel members polled by comparison website Finder.com. According to the survey, most of the panelists believed that Dogecoin would lose all of its value at some point in the future. The survey results are attributed to DOGE, considered the most popular and original so-called meme coin. Meme coins are notoriously difficult to analyze and are driven mainly by hype trader sentiment. Most panel experts are not confident in the long-term future of Dogecoin, but some are optimistic.

For instance, Walker Holmes asserts that Doge has a great community but little utility. Doge has the potential to attract a culture of content creators. In addition, a handful of experts on the panel believe that Tesla CEO Elon Musk is to blame for Dogecoin’s popularity. DOGE was a meme coin that should not have gotten to this point. Thanks, Elon, says Bitwave CEO, Patrick White. The panelists also recently made predictions for several other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Binance Coin (BNB). In May, the panel predicted the death of DOGE’s rival, the meme cryptocurrency Shiba Inu (SHIB).

Source: The Pipsafe Team