Galaxy Digital’s research division has released a confident prediction for Dogecoin (DOGE), suggesting that the popular meme-based cryptocurrency could achieve a significant milestone in 2025.
According to Alex Thorn from Galaxy Research, DOGE may experience a substantial surge in price, potentially increasing by over 170% from its current value to reach the $1 mark for the first time. Thorn noted that this achievement would push Dogecoin’s market capitalization to an impressive $100 billion.
In a separate analysis, Galaxy Research’s Charles Yu predicted a disruption in the stablecoin market. Yu foresees that Tether (USDT), which has long been the dominant player in the sector, could witness a decrease in its market share, falling below 50%. This decline would be driven by competition from high-yielding alternatives such as BlackRock’s BUIDL, Ethena’s USDe, and Circle’s USDC.
Yu highlighted that platforms like Coinbase, which offer rewards on USDC balances, could attract users away from Tether and invigorate the decentralized finance (DeFi) ecosystem.
This strategy may pave the way for new fintech business models. To remain competitive, Tether might respond by passing on revenue from its collateral reserves to USDT holders or introducing new yield-focused products, such as delta-neutral stablecoins.
These predictions underscore the evolving dynamics of the cryptocurrency market in 2025, with both meme-based cryptocurrencies and stablecoins positioned for potentially transformative changes.