As we all know, Dogecoin cryptocurrency is the favorite digital currency of famous billionaire Elon Musk. During 2021, the CEO of Tesla and SpaceX had sold the merits of this blockchain on his favorite playground, the social network Twitter.
While the crypto market has been in decline since the end of 2021, an industry panel claims that Dogecoin is heading towards zero. Let’s see together their proposals and their explanations in this blog post!
Why is the Dogecoin (DOGE) cryptocurrency heading towards zero?
According to many people on an industry panel, Dogecoin is likely heading towards zero and never rising again. These people were directly surveyed by a comparison site called finder.com.
These people in question strongly believe that cryptocurrency will crash in the future, here is their explanation:
“We are a bit removed from the days when people thought DOGE was going to go to the moon,” the report states. “People are now more worried about the possibility of her remaining here on Earth, which according to more than half of the panel (55%), destined for some time in the future. “.
According to this questionnaire, more than 24% of respondents think this scenario will happen before 2024and 3% think it will happen before the end of 2022.
Here is what Kevin He, chief operating officer of the fintech company CloudTech Group, expresses: “The birth of Dogecoin was originally a joke“.
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He also added: “We believe that cryptocurrencies like Dogecoin, which are completely useless and whose value is supported by the community, will not increase in value in the future. »
So do you think this scenario will happen?