Galaxy Digital’s research arm predicts that popular memecoin Dogecoin 
$0.073591 will reach a significant milestone in 2025. In a post shared on social media platform X, Alex Thorn from Galaxy Research noted that Dogecoin’s value is expected to increase by more than 170% from this year’s rate, achieving its first psychological price point in history.
Dogecoin’s 2025 Price Target
In his latest update, Alex Thorn shared predictions regarding Dogecoin’s performance this year. Although it approached this psychological resistance point during Elon Musk’s appearance on the SNL show, Musk’s cold jokes did not significantly help the price during that time.
“Dogecoin will eventually reach $1, and the oldest memecoin will see a market value of $100 billion.”
Currently trading around $0.37, Dogecoin has shown an 11.7% increase in the last 24 hours. Its market capitalization stands at $55.47 billion, placing it seventh among cryptocurrency projects.
Expectations of Change in Stablecoins
Meanwhile, Charles Yu from Galaxy Research forecasts a decline in Tether‘s USDT market dominance, predicting that other stablecoins, like Circle’s USDC, will gain market share due to their attractive returns.
“Tether’s long-standing market dominance will fall below 50%, facing competition from yield-enhanced alternatives like Ethena’s USDe and USDC Rewards initiated by Coinbase/Circle.”
Charles Yu added that USDC’s rewards offered through Coinbase Exchange and Wallet accounts would support the entire DeFi sector and could be integrated by fintech companies to create new business models. In response to these developments, Tether may provide competitive yield-bearing products by passing on returns from its reserves to USDT holders.
The recent increase in Dogecoin’s value and the anticipated changes in the stablecoin market highlight significant developments in the cryptocurrency space. Traders are closely monitoring market movements in light of these predictions.
