Well, this is a curveball even for the wacky world of cryptocurrencies. A well-known crypto investor has just lobbed a hand grenade into the chat by declaring Dogecoin, yes Dogecoin, as the undisputed king of all digital currencies. Naturally, the cryptocurrency community is having a field day with this claim.
Raoul Pal, the brains behind Global Macro Investor and a self-proclaimed lover of outrageous statements, has waxed lyrical about how Dogecoin could become “the hardest money ever created.” In case you’re wondering, yes, he’s dead serious.
‘Greatest Chart Of All Time’ – No, Really 🤯
Pal, not one to shy away from bold declarations, argues that Dogecoin trumps Bitcoin by a mile. He’s whipped out a chart, calling it the “greatest chart of all time.” I imagine him holding it up like Rafiki presenting Simba to the savannah animals.
“One of the most WILD things in all of crypto is that $DOGE has proven to be harder money than $BTC and has outperformed by 550% since launch (10 years!) and looks like it might even to continue to outperform over time! What a time to be alive… 😂”
— Raoul Pal (@RaoulGMI) November 24, 2024
In his latest outburst on social media, Pal rolled out this chart, practically salivating over Dogecoin’s performance. He’s even dubbed it “super-bullish,” a term that conjures images of a charging bovine wearing sunglasses.
Pal is Dogecoin’s cheerleader-in-chief and has previously confessed that a significant chunk of his crypto portfolio is sizzling-hot with this meme coin.
“Join me for Drinks… 🍻”
— Raoul Pal (@RaoulGMI) February 11, 2025
Dogecoin Superiority Theory – A Masterclass in Confidence
The former hedge fund honcho reckons Dogecoin is “the king of all cryptocurrencies.” According to him, the day when Dogecoin usurps Bitcoin isn’t far off. No pressure, Dogecoin enthusiasts.
Pal’s case for Dogecoin’s supremacy is simple: historical outperformance. He points out that Dogecoin has smoked Bitcoin’s growth by a colossal 550%. The guy’s nothing if not consistent.
Data does support Pal’s wild claims. Since its humble beginnings in 2013, Dogecoin’s growth has hit a bonkers 461,407%. That’s the kind of return that makes you wonder if we’re in a stock market or at Willy Wonka’s factory.
Bitcoin, by contrast, has only managed a measly 7,862% growth—still impressive, but apparently not enough to earn Raoul Pal’s undivided love.
Pal predicts that Dogecoin will soon have its breakout moment. If and when that happens, he contends that Dogecoin will ascend the throne as the hardest currency in existence, leaving Bitcoin to lick its wounds.
At the time of writing, Dogecoin trades at around $0.269 per token with a market cap hovering around $39 billion. Pal insists that a breakout will crown Dogecoin as the top dog of cryptocurrencies.
However, not everyone is on the hype train. Some analysts cautiously sip their tea, suggesting that Pal’s grand prognosis might be a bit… overstuffed. After all, quality does count for something.
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2025-02-15 02:13