Dogecoin Investors famously called for the original meme coin to rise to $1 when its price skyrocketed in 2021, but DOGE failed at the time, hitting just above $0.73 before falling.

But now with Dogecoin back on the rise and rising in the new year, prominent cryptocurrency firm Galaxy Digital is calling for DOGE to reach the milestone in 2025.

DOGE is still a long way from that potential benchmark, but it approached the $0.40 mark earlier Monday, and is currently priced around $0.39 after rising 26% in the past week. It started the year at around $0.317, but was the second biggest gainer among the top 10 cryptocurrencies by market cap, trailing only Cardano (ADA) with a 33% gain.

Galaxy predicted the long-awaited $1 price point in its “2025 Cryptocurrency Forecast” report published late last week, with the call made by the company’s head of research, Alex Thorne. The market cap of DOGE is expected to reach $100 billion, which will occur at a price of approximately $0.68 based on the current circulating supply, followed by a continued rise to the headline price.

But Thorne believes this DOGE will be overshadowed by another - which is Government Efficiency Department (DOGE), co-led by Elon Musk and Vivek Ramaswamy, aims to help President-elect Donald Trump streamline government agencies and cut budgets.

“Dogecoin’s market capitalization will be outpaced by the government’s Ministry of Efficiency, which will identify and successfully enact reductions in amounts exceeding Dogecoin’s 2025 high market capitalization,” Thorne wrote.

In December, Dogecoin rose to $0.48, marking a three-year high for the meme. DOGE rose about 1.5% on the day, according to data from CoinGecko Bitcoin It jumped 4% to the current price of $102,162. It rose to $102,482 earlier Monday morning, surpassing $100,000. For the first time in 2025.