Dogecoin investors reportedly predicted that the original humor coin would reach $1 when it surged in price in 2021, but DOGE fell short, peaking just above $0.73 before plunging.
Galaxy Digital, a significant cryptocurrency company, is now predicting that DOGE might eventually reach the much anticipated $1 price target by 2025, given that Dogecoin is expected to grow once more in 2025.
The meme coin has seen significant gains, currently priced at nearly $0.39 after a 26% increase in just one week. At the start of the year, DOGE was priced at around $0.317, making it the second-biggest gainer among the top 10 cryptocurrencies by market cap, only trailing Cardano (ADA), which gained 33%.
Galaxy Digital’s Head of Research, Alex Thorn, predicted the firm’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 that level, Thorn anticipates the coin will continue rising to hit the $1 milestone.
Despite this optimistic forecast for DOGE, Thorn mentioned that another “DOGE” might steal the spotlight. This refers to the “Department of Government Efficiency” (DOGE), a new initiative co-led by Elon Musk and Vivek Ramaswamy.
The goal of this department is to help President Donald Trump streamline U.S. government agencies and cut budgets. Thorn suggested that the market cap of this DOGE could surpass Dogecoin’s projected value in 2025.
In addition to Dogecoin’s gains, Bitcoin also saw significant movement, topping $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.
Also Read: Dogecoin Whales Buy 140 million DOGE, 30% Gains Expected Soon
