Raoul Pal recently argued that Dogecoin is greater than Bitcoin, saying that the memes play could become “the most difficult money ever created”.
PAL made the statement attracting attention to a recent broadcastpleading for the domination of Dogecoin. The world’s founder and CEO of macro-investors insisted that the graphic of the same prominent corner is super-bullist and described it as a “biggest picture of all time”.
PAL makes a daring declaration of Doguecoin
Dogecoin has always been one of PAL’s favorite active ingredients. Remember it once revealed that its portfolio contains a large concentration of the meme part.
Now, the former hedge fund manager has marked the biggest Dogecoin graph of all time. He also describes the token as the king of all cryptocurrencies and argues that he will take it from Bitcoin in the future.
Meanwhile, PAL has based his Mastiff Theory of superiority on its historical outperformance of Bitcoin. He noted that the DOGE had outperformed the largest cryptocurrency by market capitalization of 500% since the creation and expects the same to extend the gains.
Remarkably, the data confirms that Dogecoin has surpassed Bitcoin since its start on the market in December 2013. The memes part was launched to $ 0,00056 and increased by 461 407% at its current price since then.
On the other hand, the price of Bitcoin when the launch of Débecoin was about $ 1,210. With its current valuation of $ 96,340, the first asset increased by 7,862%
Breakout to make Dogecoin the hardest money in the galaxy
Meanwhile, PAL also noted that Dogecoin stamps his superiority with Bitcoin with an imminent escape. Currently trendy in a descending channel, the DOGE / BTC pair is negotiated at 0.00000269.
He insisted that if Doge bursts against bitcoin, he will become “The hardest money in the galaxy”. He hypothesized that Dogecoin would become the new standard, dethroning Bitcoin as a leader of cryptocurrency.
Nevertheless, these daring predictions seem ambitious given the quality gap between the two workers. Bitcoin has become a global asset stimulated by its limited ceiling and its historical price performance.
However, although this has proven to be enriching, the origin of the piece even of Dogecoin and the unlimited supply raised concerns concerning the feasibility of the statements of PAL.
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