Will Dogecoin to $1? Galaxy Research Shares Optimistic 2025

• The cryptocurrency market has seen numerous forecasts for 2025, with one of the newest from Galaxy Research predicting that Dogecoin will hit the $1 mark.
• Galaxy also put forth additional predictions, forecasting that the total supply of stablecoins will double to exceed $400 billion by 2025 and that Tether’s long-held market dominance will fall below 50%.

Bold predictions for 2025 are making headlines, with Galaxy Research’s forecast for Dogecoin (DOGE) garnering particular attention. In a post on X dated December 27, Galaxy Research projected that Dogecoin could reach $1 by 2025, supported by a broader recovery in the crypto industry and renewed investor interest. The firm shared with Galaxy Digital’s clients that it anticipates Dogecoin’s market capitalization to soar to $100 billion next year. 

Several factors suggest that Dogecoin could finally reach the $1 mark. Its volatility and growth potential are enhanced by increasing institutional and corporate adoption. As we look ahead to Donald Trump’s pro-crypto administration expected in 2025, coupled with Elon Musk’s role as co-leader of the Department of Government Efficiency (D.O.G.E.), interest in Dogecoin is definitely on the rise. However, to achieve lasting success and break through the $1 barrier, it will require more than just fleeting excitement from Musk’s endorsements; robust fundamentals must be established.

As of this writing, DOGE is trading at $0.3156, which represents a decline of 0.37% in the last 24 hours. The trading volume has also dropped by 12.17%, totaling $2 billion. Over the past week, it has seen a decrease of 8.70%, underperforming the overall cryptocurrency market, which is down by 1.10%. Notably, DOGE needs to soar by 216.5% to reach the coveted $1 mark, making it a focal point of interest amidst the current market fluctuations.

Galaxy’s Market Predictions for 2025

In addition to Dogecoin, Galaxy Research has provided optimistic projections for other cryptocurrencies. Bitcoin, in particular, is projected to undergo significant growth, with expectations of surpassing $150,000 in the first half of 2025 and potentially reaching $185,000 by the end of the year. Furthermore, the firm predicts that U.S. spot Bitcoin ETFs could amass over $250 billion in assets under management by 2025. Additionally, the ETH/BTC ratio is expected to trade below 0.03 in 2025 but will finish the year above 0.06.

Ethereum is similarly positioned for substantial gains, with Galaxy forecasting its value could exceed $5,500. This projected growth is largely attributed to the easing of regulatory pressures on decentralized finance (DeFi) and staking, which is expected to drive greater adoption and use of the Ethereum network.

There are also expectations of partnerships emerging between more than half of the top 20 publicly traded Bitcoin miners and hyperscalers or AI firms. These collaborations aim to balance hash rate growth with the increasing demand for high-performance computing. Moreover, at least one major asset management firm is anticipated to allocate 2% or more of its portfolio to Bitcoin by 2025, further enhancing institutional adoption.

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