Galaxy Digital’s research division has released a bold forecast for Dogecoin (DOGE), suggesting that the popular memecoin could achieve a significant milestone in 2025. According to Alex Thorn from Galaxy Research, DOGE may experience a substantial price surge, potentially increasing by over 170% from its current value to reach $1 for the first time. Thorn pointed out that reaching this milestone would push Dogecoin’s market capitalization to an impressive $100 billion.
In a separate analysis, Charles Yu from Galaxy Research predicted a shakeup in the stablecoin market. Yu believes that Tether (USDT), which has been the dominant player in the sector for a long time, could see its market share drop below 50%. This decline would be driven by competition from high-yielding alternatives like BlackRock’s BUIDL, Ethena’s USDe, and Circle’s USDC.
Yu highlighted that platforms such as Coinbase, which offer rewards on USDC balances, could attract users away from Tether and invigorate the decentralized finance (DeFi) ecosystem. This strategy could 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 memecoins and stablecoins positioned for potentially transformative changes.