Why Crypto Analysts Think Dogecoin Will Outperform Bitcoin in 2025
Dogecoin, the original OG humor coin, will surpass Bitcoin in this market cycle, according to crypto expert Master Kenobi on social media. The expert predicted that Dogecoin would beat Bitcoin in the current market cycle owing to the follower effect, with Bitcoin incubating the meme currency.
Due to institutional investments, Bitcoin has received the most crypto sector funding since the start of the year. Most cryptocurrencies have lagged behind Bitcoin, with Ethereum, the king, suffering.
Dogecoin Will Outperform Bitcoin Due To Follower Effect
Master Kenobi detailed his Dogecoin assertions in a long X post. Dogecoin's historical performance and community-driven momentum back the analyst's assertion, even if Bitcoin has dominated since 2024.
The 2013 joke cryptocurrency Dogecoin has defied forecasts and became a top-10 cryptocurrency by market valuation. The expert stated that DOGE had beaten Bitcoin in every market cycle for 10 years. He attributes this intriguing phenomenon to Bitcoin and Dogecoin's following effect. Following Bitcoin's trajectory has given DOGE a launchpad for years, according to the follower effect.
The expert stated that Bitcoin has mostly been unstructured. Bitcoin became the model for other cryptocurrencies, helping DOGE expand faster. Dogecoin outperformed Bitcoin in the 2017 and 2021 bull runs because to retail investors, memes, and Elon Musk.
Dogecoin's market worth is $15.2 billion, up 67% from October 2023, when the current cycle began. Master Kenobi compared Dogecoin's performance after the 2024 halving to Bitcoin's after the 2016 halving. He noted that Dogecoin's market valuation is comparable to Bitcoin's 190 days after its 2016 halving.
Based on this, the analyst expects Dogecoin to reach $320 billion by 2025. The time prediction requires DOGE to rise almost 2,000% in price in one year to attain this market valuation. The current DOGE price is $0.1043. Meme currency must trade at $2.2 to have a $320 billion market value.
