Galaxy Digital forecasts that Dogecoin could reach 1 USD by 2025, citing a continuation of its recent price trajectory. Currently, DOGE is priced at about 0.39 USD, with a 26% increase in the last week, and a 33% rise since the year began. This rise positions it as one of the top gainers in the crypto market.

The market cap for Dogecoin might reach 100 billion USD, indicating a potential market price around 0.68 USD before it aims for 1 USD. Despite this optimistic outlook, Alex Thorn from Galaxy Digital warns that Dogecoin could be overshadowed by governance initiatives spearheaded by Elon Musk, which might impact its perceived value and growth.