Dogecoin (DOGE) To Finally Hit Major Milestone in 2025, Predicts Galaxy Research – Here Is the Target
The research arm of Galaxy Digital is predicting Dogecoin (DOGE) will hit a major milestone in 2025.
In a new thread on the social media platform X, Galaxy Research’s Alex Thorn predicts that top memecoin DOGE will soar more than 170% from its current value this year and hit a psychological price point for the first time in its history.
“Dogecoin will finally hit $1, with the world’s largest and oldest memecoin touching a $100 billion market cap.”
DOGE is trading for $0.37 at time of writing, up 11.7% in the last 24 hours. With a market cap of $55.47 billion, DOGE is the seventh-largest crypto project.
Meanwhile, Galaxy Research’s Charles Yu is predicting a decline in market dominance by Tether’s stablecoin USDT as other stablecoins, like Circle’s USDC, gain more market share due to attractive yields.
“Tether’s long-standing market dominance will drop below 50%, challenged by yielding alternatives like Blackrock’s BUIDL, Ethena’s USDe and even USDC Rewards paid by Coinbase/Circle. As Tether internalizes yield revenue from USDT reserves to fund portfolio investments, marketing spend by stablecoin issuers/protocols to pass-through revenue will convert existing users away from Tether and onboard new users to their yield-bearing solutions.
USDC rewards paid on users’ Coinbase Exchange and Wallet balances will be a powerful hook that will boost the entire DeFi (decentralized finance) sector and may be integrated by fintechs to enable new business models. In response, Tether will begin to pass through revenue from collateral holdings to USDT holders and may even offer a new competitive yielding product like a delta-neutral stablecoin.”
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