Dogecoin, the meme cryptocurrency has been around for some time now. It was quite popular back in the day and kind of forced on the crypto market and the rest of the crypto enthusiasts by the likes of Mark Cuban and Elon Musk, but it failed to stick. Did you know that Musk tried repeatedly to push the price of Dogecoin all the way to $1 but failed time and again now according to a recently conducted survey Dogecoin is a goner?
Dogecoin will not Survive
Finder platform which is a price comparison platform did an autopsy on many cryptocurrencies that happen to be altcoins. And according to the report, Dogecoin is not going to survive any longer, the crypto has not seen any price climbs for many months now and it seems futile now to assume that it will come to the end of the year.
There are no signals nor markers that point toward Dogecoin seeing the light at the end of the tunnel and most importantly it has lost the support of many digital creators and public celebrities who used to preach about Dogecoin from the top of their lungs. The report read that 54% of the professionals on the survey panel think that Dogecoin is already gone and there is nothing that can be done for it. Others believe that there is still hope but it would have to be a miracle to help Dogecoin pull through.
If you hold Dogecoin and have bought it in the golden era when the hype was intense that eventually, Dogecoin is going to become a market success then you need to reassess your position.
At present Dogecoin is still worth something than being absolutely nothing, while it might not reach that stage for quite some time now but you need to make up your mind. Do you want to stick with Dogecoin still or should you be selling your position? The professionals would argue that you choose the latter and you do it fast because Dogecoin is almost gone.