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Cryptocurrency News Articles

Bold predictions for 2025 make headlines, with Galaxy Research's forecast for Dogecoin (DOGE) getting special attention

Dec 29, 2024 at 01:36 pm

In a post on X dated December 27, Galaxy Research estimates that Dogecoin could reach $1 by 2025

Bold predictions for 2025 make headlines, with Galaxy Research's forecast for Dogecoin (DOGE) getting special attention

Bold 2025 predictions hit the headlines, with Galaxy Research’s projection for Dogecoin (DOGE) garnering particular consideration. In an X post on December 27, Galaxy Research estimated that Dogecoin could hit $1 by 2025, backed by a broader recovery in the crypto industry and renewed investor interest. The firm shared with Galaxy Digital’s clients that they anticipate Dogecoin’s market capitalization to surge past $100 billion next year.

Bold 2025 predictions hit the headlines, with Galaxy Research’s projection for Dogecoin (DOGE) garnering particular consideration. In an X post on December 27, Galaxy Research estimated that Dogecoin could hit $1 by 2025, backed by a broader recovery in the crypto industry and renewed investor interest. The firm shared with Galaxy Digital’s clients that they anticipate Dogecoin’s market capitalization to surge past $100 billion next year.

Several factors are converging to suggest that Dogecoin might finally breach the $1 mark. Its volatility and growth potential are amplified by increasing adoption, with institutions and businesses embracing it. As we look ahead to the Donald Trump pro-crypto administration, set to begin in 2025, and Elon Musk’s role as co-head of the Department of Government Efficiency (D.O.G.E.), interest in Dogecoin is certainly set to spike. However, for it to achieve sustained success and cross the $1 hurdle will require more than just the fleeting excitement from Musk’s endorsement; robust fundamentals need to be established.

At the time of writing, DOGE is trading at $0.3156, reflecting a 0.37% decrease over the last 24 hours. Its trading volume has also declined, to the tune of 12.17%, at a total of $2 billion. Over the last seven days, it has seen a 8.70% decrease, lagging behind the broader crypto market, which is down 1.10%. Notably, for DOGE to reach the coveted $1 mark, it would need to rally by 216.5%, making it a focal point of interest amid the prevailing market volatility.

Galaxy’s 2025 market predictions

Beyond Dogecoin, Galaxy Research has unveiled its optimistic projections for several other cryptocurrencies. Notably, Bitcoin is expected to undergo a substantial rally, with anticipation for it to breach $150,000 in the first half of 2025, potentially reaching $185,000 by year-end. Moreover, the firm predicts that U.S. spot Bitcoin ETFscan collect over $250 billion in assets under management by 2025. Additionally, the ETH/BTC ratio is expected to begin 2025 trading below 0.03 but will conclude the year at levels above 0.06.

Ethereum is similarly positioned for significant gains, with Galaxy predicting that its value could cross $5,500. This anticipated growth is largely attributed to easing regulatory pressure on decentralized finance (DeFi) and staking, which is expected to lead to greater adoption and utilization of the Ethereum network.

We can also expect to see partnerships forged between more than half of the top 20 publicly traded Bitcoin miners and hyperscalers or AI firms. These collaborations aim to harmonize the growth in hash rate with the surging demand for high-performance computing. Furthermore, at least one major asset management firm is predicted to allocate 2% or more of its portfolio to Bitcoin by 2025, further bolstering institutional adoption.

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