Galaxy Digital’s research arm, popular memecoin Dogecoin $0.383025It predicts that it will reach a significant milestone in 2025. In a post on social media platform
Dogecoin 2025 Price Target
Alex Thorn from Galaxy Research shared his prediction for Dogecoin’s performance this year in his latest post. Although it approached this psychological resistance point during Elon Musk’s SNL Show, Musk’s cold jokes did not help the price much in those days.
“Dogecoin will eventually reach $1 and the world’s largest, oldest memecoin will see a market cap of $100 billion.”
Dogecoin is currently trading around $0.37, up 11.7% in the last 24 hours. Its market capitalization is $55.47 billion, which puts it in seventh place among crypto projects.
Expectation of Change in Stablecoins
On the other hand, Charles Yu of Galaxy Research predicts that Tether’s USDT will see a decline in market dominance and other stablecoins such as Circle’s USDC will increase its market share due to attractive yields.
“Tether’s long-standing market dominance will fall below 50%, facing yielding alternatives like Ethena’s USDe (backed by Blackrock’s BUIDL) and even USDC Rewards launched by Coinbase/Circle.”
Charles Yu stated that USDC rewards for Coinbase Exchange and Wallet accounts will support the entire DeFi (decentralized finance) sector and can be integrated by fintechs to create new business models. In response to these developments, Tether can offer new products with competitive returns by transferring the returns from its reserves to USDT holders.
The recent increasing value of Dogecoin and the expected changes in the stablecoin market stand out as remarkable developments in the cryptocurrency market. Investors follow market movements closely in light of these predictions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
