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According to Galaxy Research, Dogecoin (DOGE) may be on its way to greener pastures and perhaps reach $1 in 2025. The crypto community has been abuzz from this audacious prediction. The potential for a token that began as a joke to reach such a price point is truly remarkable.
A Market Cap Of $100 Billion For DOGE
If the forecast set by the Galaxy Digital Holdings division becomes true, Dogecoin’s market capitalization will sum up to an estimated figure of $100 billion. DOGE is traded at around $0.31, holding a market cap that is roughly close to $46 billion. This indicates that it has to more than double its value within the next year to meet the projected target.
The $1 estimate is not random. Galaxy Research lists a strong community base and increasing mainstream usage as primary forces behind this possible leap…more
Source bitcoinist.com
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