Dogecoin’s Strong Performance History
A crypto analyst named James thinks Dogecoin will outperform Bitcoin this time around. He points out that Dogecoin has consistently done better than Bitcoin in every market cycle since its launch in 2013, even after big drops.
He says Bitcoin’s biggest gains happened in its first cycle because it was the first cryptocurrency. But its gains have been smaller in the last three cycles. Meanwhile, Dogecoin has seen price increases in every cycle.
In the 2018 bull market, Dogecoin surged by over 54,000%. In the 2021 bull run, it gained over 54,800%. James is confident that Dogecoin will surpass those gains again, while Bitcoin will see smaller gains this time.
Dogecoin’s Potential to “Take Over the World”
James believes Dogecoin is the “stronger cryptocurrency” and is poised to take over the world. Other analysts like Kevin Capital and Crypto Kaleo have also predicted Dogecoin will outperform Bitcoin.
Master Kenobi also agrees, citing Dogecoin’s historical performance and strong community support as reasons for its potential success.
Dogecoin Lagging Behind for Now
Despite all the bullish predictions, Dogecoin is currently lagging behind Bitcoin in this market cycle.
Dogecoin has gained just over 21% this year, while Bitcoin has gained over 47%. Bitcoin has already hit a new all-time high, while Dogecoin is still below its previous high of $0.7.
Will Dogecoin Catch Up?
However, James’ analysis suggests that Dogecoin could still overtake Bitcoin this time around. Even though it has experienced big drops in the past, it has always outperformed Bitcoin in the long run.
Analysts like Crypto Kaleo, Kevin, and Master Kenobi predict that Dogecoin could reach $1 this cycle. That would be a gain of over 500% from its current price. If that happens, Dogecoin would definitely outperform Bitcoin.
