Galaxy Research Predicts $1 Dogecoin Milestone and Stablecoin Market Shakeup

Galaxy Digital’s research division has shared a bold forecast for Dogecoin (DOGE), suggesting the popular memecoin could achieve a historic milestone in 2025.

According to Alex Thorn of Galaxy Research, DOGE may experience a significant price surge, potentially rising over 170% from its current value to reach the $1 mark for the first time. Thorn noted this milestone would push Dogecoin’s market capitalization to an impressive $100 billion.

In a separate analysis, Galaxy Research’s Charles Yu forecasted a shakeup in the stablecoin market. Yu predicts Tether (USDT), long the dominant player in the sector, could see its market share drop below 50%. This decline would be driven by competition from high-yielding alternatives such as BlackRock’s BUIDL, Ethena’s USDe, and Circle’s USDC.

Yu highlighted that platforms like Coinbase, offering rewards on USDC balances, could attract users away from Tether and invigorate the decentralized finance (DeFi) ecosystem.

This strategy may pave the way for new fintech business models. To stay competitive, Tether might respond by passing on revenue from its collateral reserves to USDT holders or introducing new yield-focused products, such as delta-neutral stablecoins.

These predictions underscore the evolving dynamics of the cryptocurrency market in 2025, with both memecoins and stablecoins positioned for potentially transformative changes.