tl;dr
Dogecoin is experiencing a resurgence, with Galaxy Digital predicting it could reach $1 by 2025. The firm's report, led by Alex Thorn, projects a $100 billion market cap for DOGE, potentially hitting nearly $0.68 before reaching the milestone price. However, Thorn suggests that another entity, the D...
Dogecoin is experiencing a resurgence, with Galaxy Digital predicting it could reach $1 by 2025. The firm's report, led by Alex Thorn, projects a $100 billion market cap for DOGE, potentially hitting nearly $0.68 before reaching the milestone price.
However, Thorn suggests that another entity, the Department of Government Efficiency (DOGE) co-led by Elon Musk and Vivek Ramaswamy, may overshadow Dogecoin's market cap.
In December, Dogecoin hit a three-year peak at $0.48. Currently, DOGE is priced at nearly $0.39, showing a 26% increase in the last week and is the second-biggest gainer among the top 10 cryptocurrencies, following Cardano with a 33% gain.
Dogecoin investors famously called for the original meme coin to surge to the price of $1 back when it skyrocketed in price in 2021, but DOGE fell short then, topping out just above $0.73 before plummeting.
Galaxy projected the long-anticipated $1 price point in its "2025 Crypto Predictions" report published late last week, with the call made by the firm's Head of Research, Alex Thorn. He expects a $100 billion market cap for DOGE, which would happen at a price of nearly $0.68 based on the current circulating supply, followed by a continued rise to the milestone price.
"The Dogecoin market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully enact cuts in amounts exceeding Dogecoin’s 2025 high-water mark market cap," Thorn wrote.
In December, Dogecoin blasted as high as $0.48, marking a three-year peak for the meme coin. DOGE is up about 1.5% on the day, per data from CoinGecko, while Bitcoin has jumped 4% to a current price of $102,162. It rose as high as $102,482 earlier Monday morning, topping $100,000 for the first time in 2025.