Galaxy Research, a subsidiary of Galaxy Digital Holdings, has announced its major cryptocurrency predictions for 2025. The report includes Dogecoin (DOGE)$DOGE
A very optimistic assessment was made for and it was stated that there could be a big increase in the market value and price of memecoin. The research expects Dogecoin to reach $ 1 by the end of 2024. It was also stated that DOGE's market value could reach $ 100 billion. It was emphasized that Dogecoin, which currently has a market value of $ 46 billion, needs to grow by more than 100 percent to reach this level.
Galaxy Research noted that these estimates are based on fundamental data such as DOGE accumulation by whales, but the report added that the memecoin needs to gain wider acceptance in order for these goals to be realized.
The report was not limited to Dogecoin alone, but also made important predictions about the general cryptocurrency market. It was predicted that Bitcoin could reach $150,000 in the first quarter of the year and $185,000 in the fourth quarter throughout 2025. In addition, it is estimated that the Spot Bitcoin ETF market will reach a size of $250 billion in 2025.
Ethereum is another cryptocurrency with positive predictions. The research stated that Ether could exceed the $5,500 level by 2025 and its staking rate will exceed 50 percent. In addition, Ethereum is expected to gain a stronger position in the Layer-2 solutions and DeFi space.
The expansion of memecoins and the general cryptocurrency market was also included in the report. Elon Musk’s relationship with DOGE stands out as a factor affecting the value of memecoin. Musk’s support for social media platforms and DOGE is considered an important factor that increases memecoin’s performance in the market.
While increasing institutional interest in cryptocurrency markets contributes to the growth of the ecosystem, it was stated that the recognition of Dogecoin and other cryptocurrencies will increase rapidly. These developments give signals that a new era may begin in the market.