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Alex Thorn of Galaxy Research predicts that the value of Dogecoin will increase by more than 170% this year and will reach $1 for the first time in its history.
 Also, Charles Yu of Galaxy Research predicts a decline in Tether USDT's market dominance as other stablecoins such as USDC gain more market share.
He believes that Tether's long-term dominance will fall below 50%, with profitable alternatives such as BlackRock's BUIDL and Etna's USDe challenging it. Charles Yu also predicts that USDC rewards paid by Coinbase and Circle will boost the DeFi sector.
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If Dogecoin hits $1, it’ll be a game changer! And with increasing competition for Tether, the stablecoin landscape is bound to get interesting.