Investors in Dogecoin are said to have predicted that the meme coin would reach $1 when prices skyrocketed in 2021, but DOGE did not achieve that 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 growing in 2025.
The meme coin has seen significant growth, now priced at nearly $0.39 after a 26% increase in just one week. At the beginning of the year, DOGE was priced around $0.317, becoming the second-largest gainer among the top 10 cryptocurrencies by market capitalization, only behind Cardano (ADA), which increased by 33%.
Galaxy Digital's head of research, Alex Thorn, predicted the company’s report “Cryptocurrency Predictions 2025,” which was published last week. He believes that DOGE could reach a market capitalization of $100 billion, which would bring its price to around $0.68, based on the current circulating supply. After reaching that level, Thorn predicts that the coin will continue to rise to reach the $1 mark.
Despite this optimistic forecast for DOGE, Thorn mentioned that another “DOGE” could take all the attention. This refers 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 U.S. government agencies and cut the budget. Thorn believes that the market capitalization of DOGE could surpass the projected value of Dogecoin by 2025.
In addition to Dogecoin's increase, Bitcoin also witnessed significant volatility, first surpassing the $100,000 mark in 2025. Bitcoin reached a high of $102,162 before a slight drop, but still remains far below its all-time high of $108,239.
DYOR! #Write2Earn #Write&Earn $DOGE