Dogecoin to a Dollar? Galaxy Predicts Meme Milestone as DOGE Continues Surge

Dogecoin investors called for the original meme coin to rise to the $1 mark when it skyrocketed in price in 2021, but DOGE then fell short, reaching a top of just above $0.73 before plummeting.

But with Dogecoin on the rise again and the new year approaching, notable crypto firm Galaxy Digital is calling on DOGE to reach that meme milestone by 2025.

DOGE is still a long way from that potential benchmark, but came close to $0.40 earlier Monday, currently priced at almost $0.39, after spiking 26% in the past week. It started the year at around $0.317, but was the second-biggest gainer among the top 10 cryptocurrencies by market cap, trailing only Cardano (ADA) with a 33% gain.

Galaxy predicted the long-awaited $1 price level in its ‘2025 Crypto Predictions’ report published late last week, with the call from the company’s head of research, Alex Thorn. He expects a market cap of $100 billion for DOGE, which would happen at a price of almost $0.68 based on current circulating supply, followed by a continued increase to the milestone price.

But Thorn believes this DOGE will be overshadowed by another: the Department of Government Efficiency (DOGE), co-led by Elon Musk and Vivek Ramaswamy, which aims to help President-elect Donald Trump streamline government agencies and reduce budgets .

“Dogecoin’s market cap will be dwarfed by the Department of Government Efficiency, which will identify and successfully implement cuts in amounts that exceed Dogecoin’s market cap by 2025,” Thorn wrote.

In December, Dogecoin rose to $0.48, marking a three-year high for the meme coin. DOGE is up about 1.5% today, according to data from CoinGecko, while Bitcoin is up 4% to a current price of $102,162. It rose to $102,482 earlier Monday morning, reaching $100,000 for the first time in 2025.