2021 saw a surge in Dogecoin‘s price, leading some investors to speculate that the humorous digital currency could reach a value of $1. However, Dogecoin didn’t quite meet this prediction and instead peaked slightly above $0.73 before experiencing a subsequent drop.
According to Galaxy Digital, a prominent player in the crypto world, there’s a possibility that the price of Dogecoin (DOGE) could climb all the way up to $1 by 2025, assuming that Dogecoin experiences further growth during that year.
The meme-based cryptocurrency has experienced substantial growth and is now valued at approximately $0.39, following a 26% surge over the past week. At the beginning of this year, Dogecoin (DOGE) was priced around $0.317. Among the top ten digital currencies by market capitalization, DOGE ranks as the second-highest gainer, with Cardano (ADA) being the sole coin that has seen a 33% increase.
Alex Thorn, Galaxy Digital’s Head of Research, forecasted his “2025 Crypto Predictions” in the report recently published by their firm. He envisions Dogecoin (DOGE) potentially reaching a market capitalization of $100 billion, which translates to approximately $0.68 per coin given the current supply. After surpassing this level, Thorn expects DOGE to keep climbing and achieve the $1 mark as its ultimate goal.
Although there’s an optimistic outlook for DOGE (Dogecoin), Thorn cautioned that another entity named “DOGE” could potentially overshadow it. This other “DOGE” is actually the “Department of Government Efficiency” (DOGE), a joint venture led by Elon Musk and Vivek Ramaswamy.
Aim of this department: To assist President Donald Trump in making U.S. government departments more efficient and reducing their budgets.
Thorn hypothesized that the market capitalization of this DOGE might exceed Dogecoin’s predicted value by the year 2025.
Besides Dogecoin’s price increase, Bitcoin experienced substantial fluctuations as well, surpassing the $100,000 mark for the first time in 2025. It peaked at $102,162 before slightly pulling back, still below its all-time high of $108,239.
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2025-01-07 00:20