Galaxy: Dogecoin price will conquer the $1 barrier in 2025
According to analysts at Galaxy Research, the price of Dogecoin will finally reach the milestone of $1 per coin next year. Thus, the largest of the memecoins by market capitalization would fulfill a long-held dream of its community. The favorable environment in U.S. political life would be the main driver of optimism towards the token.
In a recent report, the firm affiliated with Galaxy Digital Holdings released 23 predictions for digital currencies, including BTC and ETH. The analysts responsible for drafting the report emphasized the enormous potential of DOGE for 2025.
It is important to highlight that this coin is the favorite of the eccentric magnate Elon Musk. In fact, a government consulting firm led by Musk and Vivek Ramaswamy for government efficiency adopted the name DOGE. This, combined with more general factors such as regulation and the mass adoption of crypto trading, ensures the token a bright future in the short term.