Popular cryptocurrency company Galaxy Digital shares its opinion on Dogecoin price and market cap expectations for the year 2025.
The cryptocurrency market has seen significant advances over the past year. Some of them include a new peak for Bitcoin, the inaugural launch of US Bitcoin spot exchange-traded funds (ETFs) and the election of the first openly pro-crypto US president in history.
In the meantime, a new year is upon us, and with it new price prospects. Galaxy Digital, one of the largest crypto companies, has predicted what price the Shiba Inu Dogecoin themed meme coin will reach before the end of 2025.
Galaxy Research Provides Dogecoin Outlook
Alex Thorn, head of research at Galaxy Digital, said that Dogecointhe largest coin in terms of market capitalization, will finally reach a market capitalization of $100 billion. Notably, this valuation is unprecedented for the same coin, whose market capitalization peaked at $98.47 billion in 2021.
As a reminder, the $100 billion valuation will bring the price of Dogecoin to $0.678, 8% below its current all-time high of $0.739. Furthermore, Dogecoin would rise by 87% from the current market price to $0.678.
Meanwhile, Galaxy Research does not expect Dogecoin to peak there. According to his analysis, the meme coin will surpass its current ATH this year and finally reach a valuation of one dollar.
An increase to $1 will ensure that Dogecoin’s market cap trades at $147.47 billion, an impressive 176% from the current valuation. Its price would also experience a similar increase to reach $1.
Notably, Galaxy research also provided price expectations for other cryptocurrencies. The company affirmed that Bitcoin will reach $185,000 and Ethereum $5,550 by the end of the year.
Conservative or ambitious?
Galaxy Digital’s Dogecoin prediction followed speculation from other analysts. Notably, the company’s call appears conservative compared to existing predictions regarding the coin leader’s potential for a resurgence this year.
For context, Ali Martinez insisted that Dogecoin will target ranges between $4 and $23, citing several price catalysts. Some of these include a resurgence to the tip of its ascending channel and a possible repeat of its feat from the 2021 bull cycle.
Furthermore, a analysis from Tradigrade showed that Dogecoin will reach $11. The market speculator based his claim on a possible breakout of the Gaussian channel.
Meanwhile, Dogecoin is trading at $0.361, up over 6% in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.