In a new prediction, Galaxy Digital has projected that Dogecoin (DOGE), the original meme-based cryptocurrency, could hit the $1 mark by 2025. This forecast comes amid renewed optimism in the market, fueled by a significant surge in DOGE’s price.
Dogecoin has been a subject of speculation for years, particularly during its meteoric rise in 2021 when many investors hoped it would reach the $1 milestone. While DOGE peaked just above $0.73 during that time, it eventually fell back, leaving some investors disappointed. However, Galaxy Digital, a major player in the cryptocurrency space, believes the coin may have another chance at reaching that coveted $1 price tag.
Bullish Outlook for Dogecoin in 2025
Currently trading at around $0.39, Dogecoin has seen an impressive 26% increase over the past week. At the start of 2025, DOGE was valued at just $0.317, positioning it as the second-highest gainer among the top 10 cryptocurrencies by market capitalization, following only Cardano (ADA), which experienced a 33% rise.
In its latest report, “2025 Crypto Predictions,” Alex Thorn, Head of Research at Galaxy Digital, shared an optimistic outlook for Dogecoin. He forecasts that DOGE could reach a market capitalization of $100 billion, which would push its price to approximately $0.68, assuming the current circulating supply. Thorn suggests that, after hitting this milestone, Dogecoin may continue its upward trajectory and eventually hit the $1 mark.
A New “DOGE” Contender
Despite this bullish prediction for Dogecoin, Thorn also raised the possibility of a new “DOGE” grabbing attention in 2025. He referred to the “Department of Government Efficiency” (DOGE), a government initiative co-led by Elon Musk and Vivek Ramaswamy. The department aims to streamline U.S. government operations and reduce spending, potentially increasing the value of its namesake acronym.
Thorn speculated that the market capitalization of this new DOGE initiative could outpace Dogecoin’s projected growth in the coming years.
Bitcoin’s Strong Performance
Alongside Dogecoin’s gains, Bitcoin also made waves in early 2025, topping $100,000 for the first time. Bitcoin briefly reached a high of $102,162, before retracing slightly. Despite the minor pullback, Bitcoin remains well below its all-time high of $108,239, continuing to be a dominant force in the cryptocurrency market.
As both Dogecoin and Bitcoin show signs of continued growth, the landscape of cryptocurrencies in 2025 promises to be one of significant volatility and opportunity.
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