The main memecoin, $DOGE , could reach a price of 1 dollar in 2025, according to a report from Galaxy, an investment management firm. If it achieves this goal, DOGE would surpass a market capitalization of 100 billion dollars, an unprecedented level.
Among the factors that could drive its price is DOGE's relationship with Elon Musk, whose mentions of the Tesla CEO have historically caused increases in the asset's price. Additionally, there is speculation that Musk could be linked to the Department of Government Efficiency (D.O.G.E.), which could generate a bullish momentum.
Although the department does not have a direct relationship with the cryptocurrency, its goal of cutting government spending could lead to savings exceeding DOGE's total market capitalization. For Galaxy, DOGE remains a relevant asset in the cryptocurrency market and could continue to grow in the future.
