Dogecoin (DOGE): Finder’s Experts Predict ‘Joke’ Coin Will Hit $0.16 This Year

Christian Encila

Last Updated: February 24, 2022 4:13 pm

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Dogecoin (DOGE) is expected to reach $0.163 a unit this year, according to a top product comparison site.

In a survey, some 33 analysts predicted the value of DOGE to reach $0.316 per unit by 2025.

By the end of 2022, DOGE is predicted to reach a price of $0.25, the analysts said.

According to Fred Schebesta, Finder’s CEO, investors can likely “sit tight knowing that although there will be more, others will come and go, DOGE will forever remain the original.”

Analysts feel meme-based assets, in general, will lose their appeal to investors in the future, notwithstanding a few Dogecoin supporters.

Dogecoin (DOGE) Will Also Drop After Rising

But many analysts also predict that DOGE’s value will plummet as a result, as such is the nature of crypto.

DOGE, SHIB, and many more cryptocurrencies have attracted the attention of newcomers to the crypto space.

By 2022, the novelty of meme coins will have worn off as investors seek more valuable assets.

Dogecoin Working Mechanism Explained

The mining code for Dogecoin was initially taken from LuckyCoin, another cryptocurrency project.

For creating new blocks, miners in LuckyCoin — a fork of Litecoin, itself a fork of Bitcoin – were rewarded with a random number between 0 and thousands of free coins.

As the Dogecoin community evolved, Jackson Palmer and Billy Markus, two of Dogecoin’s co-creators, made the decision, in March 2014, to switch to a fixed block reward schedule.

It’s estimated that 5.2 billion Dogecoins are produced each year under the current timetable.

DOGE total market cap at $14.846 billion in the daily chart | Source: TradingView.com

While Bitcoin’s mining difficulty is adjusted every 2,016 blocks, Dogecoin’s mining difficulty is adjusted every block.

Charlie Lee, the developer of Litecoin, came up with merging Dogecoin with Litecoin mining in 2014.

Dogecoin’s network security would be improved via “merged mining,” which would allow miners to mine both Dogecoin and Litecoin concurrently.

Since blocks on Dogecoin are generated far more quickly than on Bitcoin (one minute vs. 10 minutes), transactions on DOGE are much more rapid.

Meme Coin To Gain Only 16.5%

Dogecoin is expected to gain just 16.5% of its current value by the end of 2022, at $0.163 per unit.

The meme coin is now trading at $0.11, with a 24-hour low of $0.11 and a high of $0.14.DOGE posted a 24-hour volume of $650.45 million.

Dogecoin’s value has dropped by 12.6% in the previous seven days, according to data from CoinMarketCap.

However, it has risen by 147% versus the US dollar so far this year, despite this.

DOGE has a market value of around $17.5 billion, making it the 13th biggest cryptocurrency.

Currently, the meme coins market cap is 0.96% of the $1.8 trillion crypto ecosystem.

Analysts expressed a variety of viewpoints on the value prospects for Dogecoin in the future.

One such aspect is the Bitcoin market’s current downward trajectory as a result of the deteriorating crisis in Ukraine.

Since Russia’s mobilization and deployment of troops yesterday, the crypto market has fallen, hurting all stable coins, including Dogecoin.

Featured image from Laptop Mag, chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.