Galaxy Digital Predicts Dogecoin Will Reach 1 USD by 2025

Dogecoin investors are believed to have predicted that the original meme coin would reach $1 when it skyrocketed in 2021, but DOGE did not meet the target, only reaching just above $0.73 before plummeting. Galaxy Digital, a large cryptocurrency company, is currently predicting that DOGE could eventually reach a target price of $1 by 2025, as Dogecoin is expected to continue to grow in 2025.

Meme coin has witnessed a significant increase, now priced at nearly $0.39 after a 26% increase in just one week. At the beginning of the year, DOGE was priced at around $0.317, becoming the second largest gainer among the top 10 cryptocurrencies by market capitalization, second only to Cardano (ADA), which increased by 33%. Galaxy Digital's Head of Research, Alex Thorn, has predicted the company's "Cryptocurrency Predictions for 2025" report, which was released last week. He believes that DOGE could reach a market capitalization of $100 billion, which would put its price at around $0.68, based on the current circulating supply. After reaching that level, Thorn predicts that this currency will continue to rise to reach the $1 milestone. Despite this optimistic forecast for DOGE, Thorn has mentioned that another "DOGE" could steal all the attention. This alludes to the "Department of Government Efficiency" (DOGE), a new initiative co-led by Elon Musk and Vivek Ramaswamy. The goal of this department is to help President Donald Trump streamline US government agencies and reduce the budget. Thorn believes that the market capitalization of DOGE may exceed the expected value of Dogecoin by 2025. In addition to the rise of Dogecoin, Bitcoin also witnessed significant volatility, surpassing $100,000 for the first time in 2025. Bitcoin reached a peak of $102,162 before easing back, but still well below the all-time high of $108,239. DYOR! #Write2Earn #Write&Earn $DOGE (DOGEUSDT)