Galaxy Digital Reveals Bold Dogecoin Price Prediction For 2025
At the end of each year, some of the top cryptocurrency analysts and crypto companies reflect on the industry’s performance and look ahead to the year ahead. Traditionally, crypto’s top digital assets, such as Dogecoin, are subject to market analysis and price predictions for the next year.
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Leading blockchain company Galaxy Digital has joined the conversation and provided its Dogecoin Price Predictionthe market-leading meme coin.
According to the Galaxy Digital team, Dogecoin will eventually exceed $1 this year, with a market value exceeding $100 billion. In its cryptocurrency forecast report, the team predicts that Dogecoin’s potential performance and market capitalization may be affected by the new Department of Government Efficiency (DOGE) operations, which they expect will require spending cuts, thus affecting Dogecoin’s market capitalization.
Is Dogecoin expected to break $1 soon?
As part of its wrap-up for the year, Galaxy Digital has released predictions for the top digital assets and the industry as a whole. In a report published on its official website on December 31, the company provided its team’s views on Bitcoin, Ethereum, stablecoins, and meme coins, such as Dogecoin.
According to Alex Thorn of the Galaxy Digital team, they believe that the world’s top memecoin will eventually break through the $1 mark, and its market value will eventually reach $100 billion. The $100 billion market cap target is surprising as no other meme coin has been able to achieve this feat. In 2021, the price of Dogecoin soared, reaching $98.7 billion at one time, but the price immediately fell back.
Galaxy Digital says what to expect from Dogecoin
If Dogecoin’s market capitalization eventually reaches its $100 billion valuation, the coin’s price will reach $0.678, still below its all-time high of $0.739. If the price of Dogecoin surges to $0.678 and eventually hits the $100 billion mark, it would mean a price increase of 87%.
However, the Galaxy Digital team believes that $0.678 is not Dogecoin’s price peak this year. According to their estimates, Dogecoin will eventually surpass its current all-time high and break above $1. If this happens, Dogecoin’s market capitalization will reach $147.47 billion, a 176% increase from its current valuation.
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The Galaxy Digital team also provides predictions for BTC and ETH
In the same report, the Galaxy Digital team also provides their insights and price predictions Other digital assets. Thorn said that Bitcoin transaction volume will exceed $150,000 in the first half of this year and may test $185,000 by the final quarter. Thorne added that the top digital assets will be supported by growing institutional adoption.
The team expects Ethereum to trade above $5,500, adding that the second-best blockchain will benefit from favorable regulatory conditions for Stake and DeFi. Ethereum will also benefit from more companies testing their layer 2 networks using Ethereum technology.
Featured image by Anna Shvets from Pexels, chart from TradingView
