U.Today – 2024 has been a massive year for digital assets. 2024 has seen new price highs, record flows, policy shifts, and increased institutional adoption.
As the cryptocurrency market looks ahead to 2025, Galaxy Research has revealed its forecast for the coming year. In its report, the investment management firm, led by cryptocurrency enthusiast Mike Novogratz, highlights the key drivers and potential targets of major cryptocurrencies Bitcoin (BTC), (ETH) and (DOGE).
These forecasts provide an overview of Galaxy's optimistic outlook for the coming year, which is driven by expected developments in blockchain technology, market adoption, and shifts in the macro economy.
As the curtain closes on 2024, cryptocurrency enthusiasts and investors are closely watching developments that may shape the market in the coming year, laying the groundwork for what could be an explosive 2025.
Bitcoin, Ethereum and Dogecoin price predictions for 2025
In a recent report, the Galaxy Research team revealed its price targets for three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Galaxy expects Bitcoin to surpass $150,000 in the first half and test or surpass $185,000 in the fourth quarter of 2025. “A combination of institutional, corporate, and nation-state adoption will propel Bitcoin to new heights in 2025. Throughout its existence, the value of Bitcoin faster than anything else.” Other asset classes, especially the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of gold. Market capitalization,” wrote Alex Thorne, head of research at Galaxy.
Ethereum, the second-largest cryptocurrency by market cap, is expected to trade above $5,500 in 2025, as regulatory headwinds for DeFi and staking are expected to ease, pushing Ethereum to all-time highs.
Thorne predicts that new partnerships between DeFi and TradeFi, perhaps implemented within new regulatory sandboxes, will finally allow traditional capital markets to experiment with public blockchains in earnest, with Ethereum and its ecosystem receiving the lion's share of attention. Companies will increasingly experiment with their own Layer 2 networks, mostly based on Ethereum technology. Some games using public blockchains will discover product-market fit, and NFT trading volumes will increase dramatically.
Galaxy predicts that Dogecoin will finally reach $1, with the world's largest and oldest meme coin reaching a market cap of $100 billion.
