Dogecoin to Finally Hit $1 This Year – Analyst Predicts $100 Billion Market Cap Surge

Dogecoin (DOGE) is finally set to hit $1 this year, more than 10 years on from its 2014 launch, according to analysts at leading crypto firm Galaxy’s latest suite of predictions for 2025.

Dogecoin will finally hit $1, with the world’s largest and oldest memecoin touching a $100bn market cap. However, the Dogecoin market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully enact cuts in amounts exceeding Dogecoin’s… pic.twitter.com/xcwRHhpMTn

— Galaxy (@galaxyhq) January 2, 2025

If it hits $1, Dogecoin would have reached a market cap of around $144 billion, nearly 3x higher versus its current market cap of $57 billion, per CoinMarketCap.

That would see the crypto industry’s largest meme coin join an exclusive club of cryptocurrencies valued above $100 billion.

This club currently only consists of Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and BNB (BNB).

If it can hit $1, that would ensure continued Dogecoin leadership of the meme coin markets. That shouldn’t come as a surprise.

The incoming Trump administration’s new Elon Musk-led Department of Government Efficiency (D.O.G.E.) is set to dominate headlines in 2025 as it unveils government waste and fraud and pushes for spending cuts.

That all but guarantees that Dogecoin is set to retain a leading portion of “mind share” in the meme coin markets at any given time.

Where Next for the Dogecoin Price?

So risks seem tilted towards a massive run-up in the Dogecoin price this year. So how should traders play it? Get into the market now, or wait to buy any dips?

Well, technical analysis suggests that near-term upside is more likely than a drop at this time.

Last trading around $0.39, DOGE is up close to 50% from its mid-December lows in the $0.26 area and moving higher per an uptrend that has been in play since October.

However, with Dogecoin still down more than 20% from its December highs in the $0.48 area, traders who jump in now won’t have completely missed the dip.

Dogecoin is currently holding slightly to the north of its 50DMA and well above its 21DMA, suggesting momentum is swinging back in favor of the bulls.

A near-term jump to retest $0.48 is on the cards in the coming sessions as the arrival of the Trump administration nears.

A break above here would open up the prospect of a fast jump back to 2021 highs in the $0.70s.

Of course, this is the meme coin market, and nothing goes up in a straight line. $1 is certainly achievable this year, but the journey there will likely include multiple further 40+% drawdowns, as witnessed most recently in December.

Better Alternative to Dogecoin – Flockerz (FLOCK)

If Dogecoin can hit $1, that would mean gains of as much as 3x this year. For most investors, these are dream returns.

However, this is crypto, a world full of degens looking to get rich quickly via finding the next 100x play.

And Dogecoin certainly isn’t that. To bag 100x gains or more “modest” gains of 20-50x, crypto investors will need to get into much lesser-known and lower-valued meme coins.

One of the best ways to get into a high potential meme coin is by investing at the presale stage if the new meme coin has strong momentum.

And one new meme coin that certainly has a lot of that is Flockerz (FLOCK). Flockerz is a ground-breaking new community-powered “Vote-to-Earn” (V2E) meme coin, and its presale has already been able to raise a whopping more than $9 million.

With staking yields for presale investors currently at a cool 305% APY, its no wonder there is so much eagerness to join the presale.

Dozens of experts are also throwing their support behind Flockerz (FLOCK). ClayBro thinks it has 25 potential, and cryptonews.com‘s in-house presale analyst Crypto Chester recently rated it as one of his top plays for 2025.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.