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- Cardano and Dogecoin have emerged as two standout assets with the potential to hit a $100 billion market cap by the end of the first quarter of 2025.
- Cardano’s recent growth, fueled by the CIP-113 proposal and its founder’s plan to achieve full decentralization in 2025, positions ADA for significant expansion, making a $100 billion market cap an attainable milestone.
Investors are increasingly on the lookout for promising digital assets that exhibit the potential for substantial growth. With a myriad of projects introducing innovative technologies and solutions, pinpointing cryptocurrencies that could achieve significant market capitalization milestones becomes a priority for both seasoned and novice investors.
Among the many candidates, two cryptocurrencies stand out with the potential to reach a $100 billion market cap by the first quarter of 2025: Dogecoin and Cardano.
Cardano (ADA)
Since the beginning of the year, Cardano’s native cryptocurrency, ADA, has experienced an impressive 30% surge. At press time, ADA is trading at $1.15, reflecting a daily increase of 6.39%. While ADA is still 64% below its all-time high of $3.10 from September 2021, experts believe it has considerable growth potential in the short term.
Crypto analyst Ali Martinez predicts ADA could reach $3 as it breaks out of a bull pennant. Other analysts are more bullish, forecasting a potential price of $10 (a 1,000% increase) or a moderate range of $7–$8, which would boost its market cap to $250 billion. Currently, ADA’s market cap stands at $40 billion.
The CIP-113 proposal has played a key role in Cardano’s recent growth. This proposal is set to introduce programmable assets, enhanced security, and smart accounts to the ecosystem. It also offers greater security compared to Ethereum’s ERC20 standard, as it eliminates the need to delegate tokens to dApps that may be vulnerable to hacks.
Moreover, DefiLlama data reveals that Cardano’s Total Value Locked (TVL) in decentralized finance (DeFi) has surged by 26% over the past week, reaching $580.2 million. This increase reflects the growing demand and adoption of Cardano’s blockchain for decentralized applications (dApps) and smart contracts.
The impending inauguration of Donald Trump later this month is expected to foster a more favorable regulatory environment for cryptocurrencies, which could further boost ADA’s adoption and price performance.
Dogecoin (DOGE)
Dogecoin, originally created as a parody of the cryptocurrency frenzy, has far surpassed expectations to become one of the most valuable meme coins in the market. With a current market cap of $57.19 billion, Dogecoin holds the #7 spot. Dogecoin began 2025 on a bullish note, with its price climbing to $0.3877, reflecting a 23% increase over the past week and a 1.78% gain in the last 24 hours.
Data from CoinGlass reveals a sharp increase in open interest, rising by 39.91% to $4.08 billion, while options open interest has skyrocketed by an impressive 103.95%. Additionally, DOGE’s trading volume has surged by 12.96% in the last 24 hours, reaching $2 billion.
Dogecoin’s transaction speed (33 transactions per second) and low fees, compared to Bitcoin, make it a practical and attractive choice for users. The cryptocurrency also benefits from its strong community backing and the ongoing support of Elon Musk, who has historically influenced DOGE’s price movements.
Whale accumulation has further strengthened DOGE’s bullish momentum, with over 140 million DOGE acquired in the past 24 hours alone. Notably, between January 1 and January 2, Dogecoin whales purchased more than 1.08 billion DOGE, as reported by Ali Martinez. This trend underscores growing optimism among large-scale investors, signaling their confidence in DOGE’s potential as a promising long-term investment.
As the year progresses, ADA and DOGE will likely continue to capture the attention of investors, with both cryptocurrencies showing strong potential to capitalize on market trends and reach their $100 billion market cap milestones by Q1 2025.
