Disclaimer: The opinions expressed by our editors are their own and do not represent those of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Raoul Palthe founder and CEO of Real Vision, made a dog-themed prediction about the Dogecoin (DOGE) cryptocurrency.
In a recent tweet, Pal predicted Dogecoin’s continued potential performance in the broader crypto market. In a catchy statement about DogecoinPal highlights the unexpected success of DOGE, which has outperformed Bitcoin, the first and largest cryptocurrency, in terms of percentage gains since its launch.
According to Pal, Dogecoin has proven to be a “harder currency” than Bitcoin (BTC) and has outperformed it by 550% since its launch over a decade ago.
Looking ahead, Pal believes that Dogecoin could continue to outperform Bitcoin over time.
Boyfriend wrote: “One of the craziest things in all of crypto is that DOGE has proven to be a harder currency than BTC and has outperformed by 550% since its launch (10 years) and it looks like it might even continue to outperform over time. What a time to be alive.
Related
The Dogecoin vs Bitcoin price chart is attached to Pal’s tweet and highlights two channel patterns. The first channel resulted in a breakout; Currently, the second channel is growing and looks ready to break out, which could cause Dogecoin to gain ground against Bitcoin in the days to come.
Dogecoin Predictions
Dogecoin’s price rally continued over the weekend, reaching a new yearly high of $0.48 on November 23 before retreating. The recent price surge also propelled DOGE to its highest level since May 2021. Dogecoin also reached a high of $0.0000049 in its Bitcoin pair, a level not seen since December 2022.
According to CoinGecko According to the data, Dogecoin’s monthly gains are 210% compared to Bitcoin’s gain of 45% during the same period.
Related
As the market speculates on a retest of the all-time high (ATH) at $0.73, several analysts have hinted at higher targets. Over the weekend, Ali Martinez, a crypto analyst, predicted a breakout target of $0.82 for Dogecoin.
As reported by Wu Blockchain, Arthur Hayes predicted in a recent podcast that Bitcoin would reach $100,000 by the end of this year and could reach $250,000 by the end of 2025. Dogecoin, on the other hand, could reach 1 dollar.
Bitcoin fell after failing to surpass the $100,000 mark on November 24, leading to one of the biggest weekend crypto selloffs in over a year. Dogecoin fell to a low of $0.411 during today’s trading session, close to where it is currently trading.