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.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.

Dogecoin to Finally Hit $1 This Year

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.#BTC100KTrumpEffect #TrumpBTCBoomOrBust