Galaxy Digital predicts Dogecoin will hit $1 and Tether's market dominance will decrease. Learn more about the future of these digital currencies.
Galaxy Digital’s research arm predicts Dogecoin will reach a significant milestone in 2025. Alex Thorn from Galaxy Research forecasts that Dogecoin’s value will increase by over 170% this year, hitting $1 for the first time in history. Currently, with a market value of $55.47 billion, Dogecoin is the seventh largest digital currency project. Charles Yu also anticipates a decline in Tether’s market dominance as other stablecoins like USDC gain more market share. He believes Tether’s long-term dominance will drop below 50%, facing challenges from lucrative alternatives like BUIDL by Blockstack and USDe by Etna. Yu also predicts that DeFi sector will be strengthened by USDC rewards paid by CoinBase and Circle.
