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A well -known cryptocurrency investor has made a bold statement that Dogecoin is the king of all cryptocurrencies, arousing a debate and a discussion among the members of the cryptocurrency community.
Raoul Pal, founder and CEO of Global Macro Investor, believes that the popular meme currency is able to become “the most difficult money ever created”, citing how Dogecoin has overlapped Bitcoin historically.
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‘The greatest graph of all time’
Pal affirmed the superiority of the prominent meme coin in Bitcoin, stating that his domain could make him the “more difficult” currency never created.
The recent declaration of the top executive made ripples in the cryptocurrency community claiming that dogecoin is better than the first -born cryptocurrency, bitcoin.
One of the wildest things in all cryptic $ Doge has proven to be more difficult money than $ BTC And he overlapped by 550% from the launch (10 years!) And it seems that it could even continue to overperform over time! 🤣 What time to be alive … pic.twitter.com/3ExqFezpsb
– Raoul Pal (@raoulgmi) November 24, 2024
In a recent transmission on his X account, the CEO of Global Macro Investor showed the Dogecoin graphic designer, which he described as a super-bullish, marking it as the “largest graphic designer of all time”.
Pal is known to be a convinced supporter of Dogecoin and previously revealed that the popular meme currency is among its favorite goods. The manager of the consultative publication revealed in previous interviews that he possessed a great concentration of dogecoin in his wallet.
Join me for drinks … https://t.co/yl7vsayeh
– Raoul Pal (@raoulgmi) 11 February 2025
Dogecoin superiority theory
The former Hedge Fund manager believes that the meme currency is “the king of all cryptocurrencies”, stating that Dogecoin who overcomes Bitcoin is a possibility that could happen in the future.
Pal considers the popular token as superior to Bitcoin, who cheered for dogecoin who overperformed Bitcoin historically. He also supported his theory of dogecoin superiority observing that the meme currency has exceeded the largest cryptocurrency in terms of market capitalization, overlapping bitcoin with a surprising 500% since it was created.
The CEO provides for dogecoin that extends its earnings
The data show that Pal’s assumption is accurate since the numbers do not lie. Statistics indicate that Dogecoin has overperformed the top cryptocurrency from its debut in 2013.
When it was launched, the doge price was $ 0,00056 for money, but now that price has risen to the stars of 461,407%.
In comparison, during Dogecoin launch, the Bitcoin price was anchored to $ 1,210 for money. Now, the crypt is exchanged at $ 96,340, by an increase of 7.862% since then.
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On the verge of a breakout
Pal provided that Dogecoin could potentially experience a breakout, a situation that would further stamp his superiority against Bitcoin.
At the time of writing writing, Doge is exchanged at $ 0.269 for token with a market capitalization of $ 39 billion.
Pal claimed that once Dogecoin scores a breakout against Bitcoin, he will earn the title of the most difficult money in the world, claiming that Doge will become the new Bitcoin standard and dethroned such as the cryptocurrency surname.
In the meantime, some analysts take the forecast with a grain of salt. They say that Pal forecasts could be too ambitious, considering the gap in the quality between the two digital resources.
In the foreground of Gemini Imagen, TradingView chart