The Dogecoin (CCC:DOGE-USD) paw patrol is surely out in full force today. Recent news from Ethereum (CCC:ETH-USD) co-founder Vitalik Buterin suggests the transition to a proof-of-stake network will be all encompassing, especially for DOGE. Dogecoin price predictions are everywhere today as the coin trends up on the news.
What’s going on with Dogecoin lately?
In a recent interview with UpOnly, Buterin revealed an exciting update as cryptos pivot to the proof-of-stake protocol. In addition to acknowledging how many cryptos are making the pivot, he also appeared to confirm that he will be helping Dogecoin on its path.
“Every major cryptocurrency except for one has an active plan to switch to Proof-of-Stake. I guess the arguments will be even easier to make once you know Ethereum is Proof-of-Stake and once you know Dogecoin’s plans are further along and Zcash plans further along.”
This is in reference to an announcement from the Dogecoin Foundation of a “community staking” model for proof-of-stake. The initiative would allow more individuals to contribute to and influence the DOGE network.
Buterin is actually an advisor to the Dogecoin Foundation, and has facilitated much of its recent technological advancement. As such, Buterin’s interest proof-of-stake, and in an ETH-DOGE bridge, should be no surprise.
With Dogecoin up nearly 2% to 14 cents per coin, let’s see what the experts think about DOGE’s future.
Dogecoin Price Predictions
- Wallet Investor sees DOGE as a one-way ticket to the moon. The site has set a one-year forecast of 32 cents, more than double its current price. For 2027, it believes Dogecoin will break the one-dollar barrier, for a more than 600% gain.
- CryptoNewsZ is similarly bullish on DOGE. The site set a 2022 price target of 30 cents. For 2025, it believes Dogecoin can reach an average price of 54 cents per coin.
- Coin Quora clearly believes DOGE is the coin of the future. It is betting the pupcoin will reach $1.20 by the end of 2022, for a 757% increase. And it doesn’t see the Dogecoin train falling off track any time after that. For 2025, it has a price target of $3.50.
On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
