Galaxy Research, a subsidiary of Galaxy Digital Holdings, has released an optimistic forecast for Dogecoin 
$0.351319 (DOGE) for the upcoming year. This prediction is part of a broader report containing 23 significant projections for the digital currency ecosystem by 2025. The research also addresses Bitcoin 
$94,184, Ethereum 
$3,337, and other major cryptocurrency events.
Dogecoin’s Bright Future
The firm notes that the leading memecoin has the potential to reach $1 next year as it finally achieves its targets. Galaxy Research informed its clients that DOGE’s market capitalization could reach $100 billion in the coming year.
This forecast indicates that the price must increase by over 100%, given Dogecoin’s current price of $0.3133 and its market cap of $46.25 billion. Although Dogecoin has fundamental characteristics like sustainable whale accumulations, significant growth is required to meet this target.
Overall Status of the Crypto Market
Galaxy Research clarifies that Dogecoin will not be the only asset benefiting from the market boom expected in 2025. Following the recent surpassing of the $100 billion Asset Under Management (AUM) threshold in the spot Bitcoin ETF market, projections estimate it will reach $250 billion by 2025.
Ethereum also received a positive forecast from the research firm. They predict that Ether will trade above $5,500 by 2025, with Ethereum staking rates expected to exceed 50%.
“Dogecoin will be the largest and oldest memecoin, reaching a market cap of $100 billion,” stated Galaxy Research.
The Future of Bitcoin and Other Cryptocurrencies
Galaxy Research anticipates that Bitcoin could rise to $150,000 in the first quarter of 2025 and reach $185,000 by the fourth quarter. These predictions are more modest compared to recent forecasts by Robert Kiyosaki, author of “Rich Dad Poor Dad,” who suggested a Bitcoin price of $350,000.
The research firm also indicated that at least one major asset management firm would allocate more than 2% of its AUM to Bitcoin purchases. Other market elements such as Ethereum Layer-2 scaling solutions and DeFi are also expected to undergo significant changes in the coming year.
Moreover, according to Galaxy Research, the correlation between Elon Musk and the Department of Government Efficiency (D.O.G.E) will impact the memecoin’s valuation.
In the following years, a broader acceptance of cryptocurrencies and an increase in institutional investors are expected. These developments could support the appreciation in value for Dogecoin and other cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
