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Reading: Galaxy Research: That Meme Token Could Reach $1 in 2025
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EdaFace Newsfeed > Latest News > Altcoin News > Galaxy Research: That Meme Token Could Reach $1 in 2025
Altcoin News

Galaxy Research: That Meme Token Could Reach $1 in 2025

vitalclick
Last updated: December 28, 2024 10:18 am
2 months ago
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Contents
Dogecoin’s Bright FutureGeneral Situation of the Crypto MarketThe Future of Bitcoin and Other Cryptocurrencies

Galaxy Research, a subsidiary of Galaxy Digital Holdings, will launch Dogecoin next year $0.316785 He issued an optimistic forecast on (DOGE). This forecast was presented as part of 23 important predictions for the digital currency ecosystem for 2025. Research, Bitcoin $94,486.3Ethereum $3,349.0 He also touched upon other important cryptocurrency events.

Dogecoin’s Bright Future

The firm stated that the top memecoin has the potential to finally achieve its goals and rise to $1 next year. Galaxy Research informed Galaxy Digital’s customers that DOGE’s market value will reach $100 billion next year.

This prediction suggests that given Dogecoin’s current price of $0.3133 and its market cap of $46.25 billion, the price should increase by over 100 percent. While Dogecoin has key features such as sustainable DOGE whale accumulations, a significant growth rate is required to achieve this goal.

General Situation of the Crypto Market

Galaxy Research noted that Dogecoin is not the only asset that will benefit from the market boom in 2025. The spot Bitcoin ETF market is expected to reach $250 billion by 2025, after surpassing the $100 billion Assets Under Management (AUM) threshold this month.

Ethereum also received a positive forecast by the research firm. The company announced that Ether will be traded above $ 5,500 in 2025. Additionally, the Ethereum staking rate is expected to exceed 50 percent.

“Dogecoin will be the largest and oldest memecoin and its market cap will reach $100 billion,” Galaxy Research said.

The Future of Bitcoin and Other Cryptocurrencies

Galaxy Research predicted that Bitcoin could rise to $150,000 in the first quarter of 2025 and $185,000 in the fourth quarter. These predictions are modest compared to the recent $350,000 Bitcoin price prediction made by Roberts Kiyosaki, author of “Rich Dad Poor Dad.”

The research firm noted that at least one major asset management firm will devote more than 2 percent of its AUM to purchasing Bitcoin. Other market elements such as Ethereum Layer-2 scaling solutions and DeFi are also predicted to experience major changes next year.

Besides this, the correlation with Elon Musk’s Department of Government Efficiency (DOGE) will affect memecoin’s valuation, according to Galaxy Research.

In the following years, the cryptocurrency market is expected to gain wider acceptance and institutional investors will increase. These developments may support the increase in value of Dogecoin and other cryptocurrencies.

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.

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