Elon Musk’s favorite cryptocurrency won’t cost even $ 1

Crypto analysts have predicted that the value of Elon Musk’s favorite token Dogecoin will not rise above $ 0.32 over the next three years.

According to a survey of 33 crypto and Web-3 industry experts, DOGE will cost no more than $ 0.16 by the end of this year and no more than $ 0.32 by the end of 2025. Interestingly, back in January, Dogecoin was predicted to cost $ 0.57 for the next 3 years. At the time of writing, Dogecoin is trading at $ 0.06.

According to Vanessa Harris, a representative of the Web3 platform Permission, such cryptocurrencies as DOGE and SHIB are useless, so they are facing an inevitable collapse in the future.«We will soon see their popularity decline as the lack of real utility of DOGE and SHIB forces investors to look for more stable and valuable investments,» Vanessa Harris said.

Billionaire Elon Musk, who has repeatedly stated his commitment to Dogecoin, would definitely disagree with such forecasts and opinions. Thus, in early July, the parent company SpaceX announced the start of accepting payments in Dogecoin. Also earlier this month, Tesla CEO announced that he would send Dogecoin cryptocurrency to the moon. «The DOGE-1 mission to the Moon, as Elon Musk called it, will take place later this year.