Galaxy Digital Predicts Dogecoin to Hit $1 by 2025

Dogecoin investors had hoped to see the meme-inspired coin reach $1 during its price surge in 2021, but it fell short, peaking at just over $0.73 before declining.

Now, Galaxy Digital, a prominent cryptocurrency firm, predicts that DOGE may reach that coveted $1 price target by 2025. This is based on expectations of further growth for Dogecoin.

Galaxy Digital Prediction on Dogecoin, Source: X

The meme coin has seen significant gains recently, trading at around $0.39 after a 26% increase in the past week. At the beginning of the year, DOGE was priced near $0.317, making it the second-biggest gainer among the top 10 cryptocurrencies by market capitalization, behind only Cardano (ADA), which has gained 33%.

In a recent report, Galaxy Digital's Head of Research, Alex Thorn, predicted that DOGE's market cap could reach $100 billion by 2025. This would push its price to around $0.68, based on the current circulating supply. Thorn anticipates that the coin will continue rising to hit the $1 milestone after reaching this level.

Despite this optimistic outlook for DOGE, Thorn suggested that another "DOGE" might steal the spotlight. He was referring to the "Department of Government Efficiency" (DOGE), a new initiative co-led by Elon Musk and Vivek Ramaswamy. This department aims to streamline US government agencies and cut budgets under President Donald Trump. Thorn believes the market cap of this DOGE could potentially surpass Dogecoin's projected value in 2025.

In addition to Dogecoin's gains, Bitcoin also experienced significant movement, reaching $100,000 for the first time in 2025. Bitcoin hit a high of $102,162 before retracing slightly, but it remains below its all-time high of $108,239.

Also Read: Dogecoin Whales Buy 140 Million DOGE, Anticipating 30% Gains Soon