Dogecoin could reach historic $1 mark in 2025

Mike Smith Jan 7

Memcoin Dogecoin (DOGE) already in the first days of 2025 became one of the growth leaders among digital assets. Over the past week, its value has increased by 20.5%, strengthening its position in the market.

According to forecasts from Galaxy Digital analysts, DOGE has a chance to overcome the landmark $1 mark in the next two years, which will be a new stage in its development.

According to CoinMarketCap, DOGE is currently trading at $0.386. Over the week, the coin has shown noticeable growth, approaching the $0.40 mark. This success makes Dogecoin the second most profitable asset among the top 10 cryptocurrencies by capitalization, second only to Cardano (ADA), which has risen in price by 33% over the same period.

Galaxy Digital's Head of Research Alex Thorne predicts that Dogecoin's market cap could reach $100 billion, which would translate into a coin price of about $0.68 at its current supply. After that, experts predict further growth to $1, which would be a new all-time high.

One of the key reasons for Dogecoin's success is the support of influential people like Elon Musk. His actions have repeatedly been a catalyst for the coin's growth in value.

Thorne also noted that DOGE could gain symbolic significance amid reforms initiated by the Department of Government Efficiency (D.O.G.E.), led by Musk and politician Vivek Ramaswamy. The main objective of this structure is to optimize budgets and reduce government spending. According to experts, the department's success could further strengthen the market position of the memecoin.

Galaxy Digital analysts also highlighted several key trends that, in their opinion, will determine the dynamics of the crypto market in 2025:

- The price of Bitcoin (BTC) will rise to $150 thousand in the first quarter and cross the $185 thousand mark by the end of the year.
- The amount of assets under management of spot Bitcoin ETPs in the US will exceed $250 billion.
- Several companies from the Nasdaq100 and countries will add Bitcoin to their reserves.
- Ethereum (ETH) will reach a value of $5,500, and the share of staking will increase to 50%.
- New stablecoins supported by the largest financial institutions will appear on the market.
- Tether (USDT) market share will fall below 50%.