Dogecoin investors reportedly predicted the original humorous coin would hit $1 when its price soared in 2021, but DOGE failed, peaking just above $0.73 before plunging.
Galaxy Digital, a major cryptocurrency company, is now predicting that DOGE could possibly reach the much-anticipated price target of $1 by 2025, given that Dogecoin is expected to grow again in 2025.
The meme coin has seen significant gains, with its price currently sitting at almost $0.39 after a 26% increase in just one week. At the start of the year, DOGE’s price was around $0.317, making it the second biggest gainer among the top 10 cryptocurrencies by market cap, behind Cardano (ADA), which gained 33 %.
Galaxy Digital’s head of research, Alex Thorn, predicted the company’s “2025 Crypto Predictions” report, released last week. He believes DOGE could reach a market cap of $100 billion, which would put its price around $0.68, based on the current circulating supply. After reaching this level, Thorn predicts that the coin will continue to rise towards the $1 mark.
Despite these optimistic predictions for DOGE, Thorn mentioned that another “DOGE” could steal the spotlight. This is the “Department of Government Efficiency” (DOGE), a new initiative co-led by Elon Musk and Vivek Ramaswamy.
The department’s goal is to help President Donald Trump streamline U.S. government agencies and cut budgets. Thorn suggested that the market capitalization of this DOGE could exceed the projected value of Dogecoin in 2025.
In addition to Dogecoin gains, Bitcoin too saw a significant movementsurpassing $100,000 for the first time in 2025. Bitcoin reached a high of $102,162 before retracing slightly, still well below its all-time high of $108,239.
Read also: Dogecoin whales buy 140 million DOGE, 30% gains expected soon