Dogecoin Investors called for the original meme coin to hit $1 when its price soared in 2021, but DOGE then faltered, topping out just above $0.73 before falling.
But now that Dogecoin is back on the rise and booming in the new year, popular crypto company Galaxy Digital is calling for DOGE to reach this milestone in 2025.
DOGE is still far from this potential benchmark, but it approached the $0.40 mark earlier Monday, currently priced near $0.39 after climbing 26% in the past week. It started the year priced around $0.317, but was the second biggest gainer among the top 10 cryptocurrencies by market cap, behind Cardano (ADA) with a 33% gain.
Galaxy projected the long-awaited price of $1 in its “2025 Crypto Predictions” report released late last week, with the call made by the company’s head of research, Alex Thorn. He expects a market cap of $100 billion for DOGE, which would occur at a price of almost $0.68 based on the current circulating supply, followed by a continued rise until milestone price.
But Thorn thinks that this DOGE will be eclipsed by another: the Ministry of Government Effectiveness (DOGE), co-led by Elon Musk and Vivek Ramaswamy, which aims to help President-elect Donald Trump streamline government agencies and cut budgets.
“Dogecoin’s market cap will be eclipsed by the Department of Government Effectiveness, which will successfully identify and enact reductions in amounts exceeding Dogecoin’s peak market cap in 2025,” Thorn wrote.
In December, Dogecoin reached $0.48, marking a three-year high for the meme coin. DOGE is up about 1.5% on the day, according to CoinGecko data, while Bitcoin jumped 4% to a current price of $102,162. It reached $102,482 earlier Monday morning, surpassing $100,000. for the first time in 2025.
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