Leading crypto assets Bitcoin, Ethereum, and Dogecoin feature prominently as analysts at Galaxy Research present their 2025 forecasts for the market.
As 2024 draws to a close, all eyes look to 2025 and what it may hold. For the crypto market, the big question has been whether it would be able to sustain its impressive 2024 showing, particularly in Q4, in 2025.
These lingering questions have led to a flurry of predictions from analysts and researchers, with the latest one coming from Galaxy Research.
In this article, The Crypto Basic takes a look at Galaxy Research’s 2025 crypto predictions with a focus on Bitcoin (BTC), the largest crypto asset by market cap, Ethereum (ETH), the second-largest crypto by market cap, widely regarded as the “DeFi King,” and Dogecoin (DOGE), the largest meme coin by market cap.
Here’s how Galaxy Research sees BTC, ETH, and DOGE performing in 2025.
Bitcoin (BTC)
Galaxy Research expressed confidence that Bitcoin will continue its impressive run in 2025. The firm disclosed that it expects BTC to hit the $150,000 price point in the first half of 2025 and $185,000 in Q4, driven by continued adoption.
For one, Galaxy Research believes the rapid uptake of spot Bitcoin ETFs will continue in 2025, tipping the assets under management in the investment vehicles to more than double from about $120 billion to $250 billion in 2025.
At the same time, Galaxy Research expects continued adoption of the Bitcoin treasury model by more firms and countries. The firm believes at least five Nasdaq 100 companies and five countries will add the leading digital asset to their balance sheet in the new year.
Further, Galaxy Research anticipates a Bitcoin DeFi boom in 2025, tipping the amount of coins locked in smart contracts and staking protocols to double.
Amid all these factors, the firm asserts that Bitcoin will again be a top performer among global assets on a risk-adjusted basis in 2025.
Ethereum (ETH)
Ethereum will shake recent doldrums over the past two years to trade at new all-time highs in 2025, according to Galaxy Research. Specifically, the crypto research firm has tipped the asset to trade at new highs above the $5,500 price point in 2025.
For context, the asset’s all-time high price is around the $4,900 price point, and it is currently trading at around $3,350.
Galaxy Research based its Ethereum prediction on expected regulatory clarity from the incoming Donald Trump administration. The firm tipped this clarity to offer tailwinds for DeFi and staking.
09 – Ether will trade above $5500 in 2025.
A relaxation of regulatory headwinds for DeFi and staking will propel Ether to new all-time highs in 2025. New partnerships between DeFi and TradFi, perhaps conducted inside new regulatory sandbox environments, will finally allow…
— Galaxy Research (@glxyresearch) December 27, 2024
For one, the firm expects more traditional finance firms to dabble with DeFi and Ethereum Layer 2 chains. At the same time, it also expects ETFs to soon be allowed to stake a portion of their ETH holdings, unlocking interest payments for investors, all of which it anticipates will drive demand for ETH.
Amid these catalysts, Galaxy Research also expects Ethereum to gain some ground against Bitcoin, which it has underperformed since 2022. The firm tipped the ETH/BTC ratio to end 2025 above 0.06, up about 70% from current levels between 0.03 and 0.04. Still, the firm warns that this surge will be preceded by an initial dip below the 0.03 level.
Dogecoin (DOGE)
Meanwhile, Galaxy Research asserted that Dogecoin (DOGE) will follow up its over 245% gain in 2024 with a run to new highs in 2025. Specifically, the firm noted that the popular doggy-themed meme coin will clinch the long-coveted $1 price milestone and hit a $100 billion market capitalization in the new year.
23 – Dogecoin will finally hit $1, with the world’s largest and oldest memecoin touching $100bn market cap.
However, Dogecoin market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully enact cuts in amounts exceeding Dogecoin’s…
— Galaxy Research (@glxyresearch) December 27, 2024
While there is no guarantee that Bitcoin, Ethereum, and Dogecoin will hit these milestones in 2025, the odds of a favorable run appear to still be in the crypto market’s favor with the incoming pro-crypto administration and continued albeit slower economic easing plans from the Federal Reserve.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
