Dogecoin is emerging as one of the top gainers in 2025, with Galaxy Digital forecasting that the meme coin will finally hit the $1 milestone this year. Previously, DOGE surged in 2021 but fell short of that mark, only reaching around $0.73. Recently, it saw a price increase to nearly $0.39 after a 26% spike in the past week, starting the year at approximately $0.317. Galaxy Digital's Head of Research, Alex Thorn, anticipates a market cap of $100 billion for DOGE, which would involve a price of about $0.68 based on its current circulating supply. Thorn suggests that the excitement surrounding DOGE could be overshadowed by another initiative co-led by Elon Musk, focusing on government efficiency. Dogecoin reached a three-year peak of $0.48 in December, and as of the latest data, it shows a steady upward trend, indicating strong sentiment among investors for this cryptocurrency.

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