DOGE Projected To Hit $100 billion Market Valuation

Doge is expected to hit a significant milestone in 2025 by Galaxy Research. According to Galaxy Research’s Alex Thorn, Dogecoin—the biggest and most established meme-coin in the world—will cross the $1 threshold for the first time.

Dogecoin

The largest and oldest meme coin, Dogecoin, will eventually surpass $1, according to Thorn’s post. Eventually, Dogecoin will rise above $1, and the biggest and oldest meme coin will have a $100 billion market value.

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Dogecoin’s anticipated increase suggests that the cryptocurrency market may be changing.  The crypto market’s dynamics may change if Dogecoin surpasses the $1 threshold, and it might even lead to more interest in and funding for meme coins.

Big players control dogecoin markets, with some aiming for a $1 level in 2025, despite the recent craze for AI agents and stock market parody tokens.  According to data, January has historically been the best-performing month for meme coins, with an average return of 85%.

However, 2014 and 2021, saw outlier performances of 250 and 700 percent, respectively.

Bullish sentiment regarding the meme’s endorsement by Trump administration tech entrepreneur Elon Musk has contributed significantly to DOGE’s recent rally.

Several active contracts shot up to 10.35 billion DOGE on Monday from 7.50 billion DOGE over the weekend, setting a new record on open interest in the token’s futures markets.

That has surpassed a peak of 10 billion DOGE in March 2024, according to CoinGlass data.

Total unresolved derivative contracts are known as open interest. A rise in open interest may indicate fresh investment capital entering the market, which could validate existing price patterns and portend future volatility.

 

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ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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