Study predicts Dogecoin reaching historic milestone, DeFi and TradFi partnerships and ETH staking reaching a worrying 50% of supply.
Galaxy Research, the research division of asset manager Galaxy Digital, released its forecast for the cryptocurrency market in 2025 on Friday (27) at X, with highlights for Bitcoin, Ethereum and Dogecoin.
According to the team, the study predicted that Bitcoin could reach a price of $150,000 in the first half of 2025, reaching and even surpassing $185,000 in the following months, starting in the fourth quarter.
For this boost in the price of the main cryptocurrency on the market to occur, the company considered several necessary factors, the main one being the “combination of institutional, corporate and nation-state adoption”.
“Throughout its existence, Bitcoin has appreciated faster than all other asset classes, particularly the S&P 500 and gold, and this trend will continue into 2025. Bitcoin will also reach 20% of the market value of gold” , wrote Galaxy Research.
As of Saturday morning, Bitcoin is trading at $94,694.88, down 2.3% in the last 24 hours.
For Ethereum, the study predicts that the second-largest cryptocurrency on the market could surpass $5,500 by 2025 due to the easing of regulatory headwinds for decentralized finance (DeFi) and staking and new partnerships between DeFi and TradFi (traditional finance).
“Corporations will increasingly experiment with their own second-layer networks, mostly based on the Ethereum network. Some games using public blockchains will find product-market fit, and NFT trading volumes will rebound significantly,” the team said.
The study also predicts that demand for staking will continue to increase next year and will likely exceed half of Ethereum's circulating supply by the end of 2025, prompting Ethereum developers to more seriously consider changes to the network's monetary policy.
As of Saturday morning, Ethereum is trading at $3,353.50, down 1.8% in the last 24 hours.
Finally, Elon Musk's favorite cryptocurrency, Dogecoin (DOGE), may finally reach the $1 price milestone and a market cap of $100 billion.
“However, Dogecoin’s market cap will be eclipsed by the Department of Government Efficiency successfully identifying and enacting caps at amounts that exceed Dogecoin’s peak market cap by 2025,” Galaxy noted.
Dogecoin is trading at $0.31, down 1.3% over the past 24 hours, according to data from Coingecko on Saturday.
