Raoul Pal, founder and CEO of Global Macro Investor, made waves by calling Dogecoin the “greatest chart of all time.” The former hedge fund manager, known for his bold crypto statements, expressed unwavering confidence in Dogecoin’s future, claiming it will eventually surpass Bitcoin as the leading cryptocurrency.
Join me for Drinks… https://t.co/yl7VSaYeHt
— Raoul Pal (@RaoulGMI) February 11, 2025
Dogecoin: A Chart-Topping Contender
Pal has long been a supporter of Dogecoin, even revealing that a significant portion of his portfolio is in the meme coin. His recent comments, however, take his enthusiasm to a new level. According to Pal, Dogecoin’s chart is “super-bullish,” and the meme coin has outperformed Bitcoin by an astonishing 500% since its inception. He expects this trend to continue, with Dogecoin potentially outshining Bitcoin in the future.
Data backs up Pal’s claims. Launched in December 2013 at a mere $0.00056, Dogecoin has surged an eye-popping 461,407%. In comparison, Bitcoin, which was priced around $1,210 when Dogecoin debuted, has risen by 7,862% to its current value of $96,340. Despite Bitcoin’s impressive growth, Pal argues that Dogecoin’s outperformance shows its potential to dominate in the future.
Dogecoin’s Imminent Breakout: A Threat to Bitcoin’s Dominance?
Pal’s forecast hinges on Dogecoin’s breakout against Bitcoin. Currently, the DOGE/BTC pair is trending within a descending channel at 0.00000269. If Dogecoin breaks free from this pattern, Pal predicts it could become “the hardest money on the galaxy,” potentially dethroning Bitcoin as the cryptocurrency king.
Also Read: Dogecoin Price Set to Surge as Community Awaits CZ’s Official Dog Reveal: Can DOGE Rally 165%?
While this bold prediction has garnered attention, skeptics point to the differences between the two assets. Bitcoin’s limited supply and established reputation as a store of value have solidified its place in the global market. Dogecoin, however, has a meme coin origin and an unlimited supply, raising questions about its long-term viability.
Pal’s predictions may be ambitious, but his bold vision for Dogecoin is undeniably captivating.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
