Dogecoin has been one of the biggest gainers of 2025. Galaxy Digital, a notable crypto firm, expects the meme coin to hit $1 this year.
DOGE is quite far away from the $1 mark, however, it has shown potential to succeed in reaching the spot.
It has happened once in 2021, when Dogecoin price skyrocketed and the investors were almost sure of the original meme coin surging to the $1 price. However, all hopes fell short when the DOGE crypto topped out just above $0.73 before plummeting.
This new year, the coin is back with a rise, and is now expected to achieve that meme milestone in 2025.
This is being speculated as the Dogecoin crypto price made it close to $0.40 mark this Monday. It has even spiked 26% in the last week. It began the year with $0.317, but has successfully placed itself second among the top 10 cryptocurrencies by market cap, where it fell short only in front of Cardano price.
The world’s largest and oldest memecoin, Dogecoin, was mentioned in the Galaxy’s “2025 Crypto Predictions,” published last week. The Head at Galaxy expects a $100B market cap for DOGE.
However, amid these speculations are others, who think that the Dogecoin price will be overshadowed by the Department of Government Efficiency (DOGE), which is co-led by Elon Musk and Vivek Ramaswamy. Musk’s DOGE aims to support the US President-elect Donald Trump slash budgets while streamlining government agencies.
It was this December that the Dogecoin went up to $0.48 and thus marked a three-year peak.