PakGazette: 2024 was a monumental year for digital assets. New price highs, record inflows, policy changes and greater institutional adoption marked the year 2024.
As the cryptocurrency market looks ahead to 2025, Galaxy Research has revealed its predictions for the coming year. In its report, the investment management firm, led by cryptocurrency enthusiast Mike Novogratz, highlighted the key drivers and potential targets of major cryptocurrencies Bitcoin (BTC), (ETH) and (DOGE).
These projections provide insight into Galaxy’s optimistic prospects for the coming year, driven by anticipated developments in blockchain technology, market adoption, and macroeconomic changes.
As the curtain closes on 2024, cryptocurrency investors and enthusiasts are closely monitoring developments that could shape the market in the coming year, setting the stage for what could be an explosive 2025.
Bitcoin, Ethereum and Dogecoin Price Forecasts for 2025
In a recent report, the Galaxy Research team revealed their price targets for three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Galaxy predicts that Bitcoin will cross $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, Bitcoin has appreciated faster than all other asset classes, particularly the S&P 500 and gold, and that trend will continue in 2025. Bitcoin will also reach 20% of gold market capitalization,” wrote Alex Thorn, head of research at Galaxy.
Ethereum, the second-largest cryptocurrency by market cap, is forecast to trade above $5,500 in 2025 as regulatory hurdles for DeFi and staking are expected to ease, propelling Ethereum to new all-time highs.
Thorn predicts that new partnerships between DeFi and TradFi, possibly undertaken within new sandbox regulatory environments, will finally allow traditional capital markets to seriously experiment with public blockchains, with Ethereum and its ecosystem receiving most of the attention. Corporations will increasingly experiment with their own Layer 2 networks, which are primarily based on Ethereum technology. Some games using public blockchains will find product-market fit and NFT trading volumes will increase significantly.
Galaxy predicts that Dogecoin will eventually catch up to the dollar, and that the world’s largest and oldest meme coin will reach a market capitalization of $100 billion.
