Galaxy Digital Reveals Bold Dogecoin Price Prediction For 2025
Every year-end, some of the top crypto analysts and crypto firms reflect on the industrys performance, and look forward to the next year. Traditionally, the top digital assets, like Dogecoin, are subject to market analysis and price predictions.
Galaxy Digital, a leading blockchain company, has joined the conversations and offers its price prediction for Dogecoin, the markets leading meme coin.
According to the Galaxy Digital team, Dogecoin will finally breach $1 this year and top a $100 billion market cap. In its Crypto Predictions Report, the team expects that Dogecoins potential performance and market cap may be affected by the new Department of Government Efficiency (D.O.G.E.) operations, which they expect to call for cuts, impacting Dogecoins market capitalization.
Dogecoin On Track To Hit $1 Soon?
As part of this years wrap-up, Galaxy Digital has published its predictions for top digital assets and the industry in general. In a report published on its official website on December 31st, the company offers its teams take on Bitcoin, Ethereum, stablecoins, and meme coins like Dogecoin.
According to an opinion by Alex Thorn of the Galaxy Digital team, they see the worlds top meme coin finally hitting the $1 mark and its market cap finally reaching $100 billion. The target of $100 billion as a market cap is surprising since no other meme coins have achieved this feat. In 2021, Dogecoin surged in price and, for a moment, hit $98.7 billion, but its price immediately retreated.
What To Expect From Dogecoin, According To Galaxy Digital
If Dogecoins market cap finally reaches the $100 billion valuation, the tokens price will have hit $0.678, still below its all-time high of $0.739. If Dogecoins price surges to $0.678 to finally hit the $100 billion mark, it means that the price will have jumped by 87%.
However, the Galaxy Digital team believes that $0.678 isnt the price peak for Dogecoin this year. According to their estimates, Dogecoin will finally surpass its current all-time high and top $1. If this scenario happens, Dogecoins market cap will be $147.47 billion, an increase of 176% from its current valuation.
Galaxy Digital Team Also Offers Predictions For BTC, ETHIn the same report, the Galaxy Digital team also offered their insights and price predictions for other digital assets. According to Thorn, Bitcoin will trade past $150k during the years first half and may test $185k by the last quarter. Thorn adds that the top digital asset will get support from increasing institutional adoption.
The team expects Ethereum to trade over $5,500, adding that the second-best blockchain will benefit from favorable regulatory conditions for staking and DeFi. Ethereum will also benefit from the growing number of companies that will test their Layer 2 networks using Ethereums technology.
Featured image by Anna Shvets from Pexels, chart from TradingView
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Text source: NewsBTC
