As the crypto crash continues, some investors are wondering if is Dogecoin (DOGE-USD) dead. Experts don’t believe it to be.
While it’s true the past several months haven’t been kind to DOGE, that doesn’t mean it’s out of the race. The meme crypto still has a loyal fanbase that believes it will fight the torrent against it, even if it has to doggy paddle to the moon.
Take Dogecoin advocate Matt Wallace for example. Wallace operates popular Twitter (NYSE:TWTR) and YouTube accounts covering the crypto. Today he stated he will delete his YouTube channel if DOGE doesn’t reach $1 by the end of the year.
That’s an incredibly bullish argument against the “Dogecoin is dead” crowd, but let’s see what the experts have to say.
Dogecoin Price Predictions
- Starting off our price estimates is a one-year prediction of $0.18448759863596 for the token from Gov Capital.
- WalletInvestor is next with the website holding a one-year forecast of $0.151 for DOGE.
- The final of our Dogecoin price predictions comes from DigitalCoinPrice and it has an average estimate of $0.0771 for 2023.
Considering DOGE was trading for about $0.054 as of this writing, this seems to answer the question of whether or not Dogecoin is dead. The crypto will likely recover, but it doesn’t seem likely to reach that $1 price point Wallace is hoping for.
DOGE is down 4.1% as of Wednesday morning.
There’s more recent crypto news for traders to look over below!
We’re offering up all the latest crypto coverage to get traders through Wednesday! Among that is a stark warning about Terra (LUNA-USD), cryptos to watch in a bear market and price predictions for Ethereum (ETH-USD). You can find all of that news at the following links!
More Wednesday Stock Market News
- Terra Is Done, But Hopefully Investors Learned Something
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- Ethereum Price Predictions: Will the ETH Crypto Fall Below $1,000?
On the date of publication, William White did not have (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.