U.Today – 2024 has been a monumental year for digital assets. New price highs, record inflows, policy changes, and increased institutional adoption marked 2024.
As the crypto market looks towards 2025, Galaxy Research has revealed its predictions for the year ahead. In its report, the investment management firm, led by crypto enthusiast Mike Novogratz, highlighted the key drivers and potential targets of major cryptocurrencies Bitcoin (BTC), (ETH), and (DOGE).
These projections provide insight into Galaxy’s optimistic outlook for the year ahead, driven by anticipated developments in blockchain technology, market adoption, and macroeconomic changes.
As the curtain closes on 2024, crypto enthusiasts and investors are closely watching developments that could shape the market in the coming year, laying the groundwork for what could be an explosive 2025.
Bitcoin, Ethereum and Dogecoin Price Predictions for 2025
In a recent report, the Galaxy Research team revealed its price targets for three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Galaxy predicts that Bitcoin will cross $150,000 in the first half of the year and test or exceed $185,000 in the fourth quarter of 2025. “A combination of institutional, corporate, and nation-state adoption will propel Bitcoin to new highs in 2025. All Throughout its existence, Bitcoin has appreciated faster than any other. other asset classes, including the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of the value of gold. market capitalization,” wrote Alex Thorn, head of research at Galaxy.
Ethereum, the second-largest cryptocurrency by market cap, is expected to trade above $5,500 in 2025 as regulatory hurdles to DeFi and staking are expected to ease, propelling Ethereum to new all-time highs .
Thorn predicts that new partnerships between DeFi and TradFi, possibly undertaken in new regulatory sandbox environments, will finally allow traditional capital markets to seriously experiment with public blockchains, with Ethereum and its ecosystem receiving the lion’s share of attention. Companies will increasingly experiment with their own Layer 2 networks, primarily based on Ethereum technology. Some games that use public blockchains will discover product-market fit and NFT trading volumes will increase significantly.
Galaxy predicts that Dogecoin will finally hit $1, with the world’s largest and oldest meme coin reaching a market cap of $100 billion.