In the latest tweet, Raoul Pal, founder and CEO of Real Vision, highlighted the growth of Dogecoin since its launch and made predictions about DOGE, comparing it to Bitcoin's performance.
He noted the incredible performance of DOGE, even outperforming Bitcoin in percentage growth since its launch. Looking ahead, he believes that DOGE will continue to outperform Bitcoin over time.
He noted - "One of the most TERRIFYING things in all cryptocurrencies is that DOGE has proven to be the harder currency than BTC and has outperformed by 550% since its launch (10 years!) and it seems that it could even continue to outperform over time! What a time to be alive..."
He also shared a Dogecoin chart compared to BTC, highlighting two channel patterns. Notably, the first channel led to a breakout, and currently, the second channel is preparing for a breakout, which could cause Doge to rise against Bitcoin in the coming days.
The impressive performance of DOGE
This coin has reached a peak in this price surge with a continued increase throughout the weekend. It hit a new yearly high of $0.48 on November 23 before falling due to increasing speculation surrounding Elon Musk's platform X. The price rise occurred amid rumors that Dogecoin could play a significant role in Musk's potential "X Payments" system, attracting considerable attention from investors.
Furthermore, Dogecoin also reached a high of $0.0000049 compared to Bitcoin, a level not seen since December 2022. Notably, Dogecoin's monthly increase reached 210% compared to Bitcoin's 45% increase during the same period.
Analysts are optimistic about DOGE
The rise in Dogecoin's value has seen a steady increase starting before the November 2024 election, which became clearer in the days following. Analysts have emphasized that technical indicators suggest prices could continue to rise, and Dogecoin could reach levels from $0.65 to $1.25, depending on market conditions.
Another analyst, Tardigrade, predicts that Dogecoin could reach $1 by the end of Q1 2025 and could achieve a long-term target of $2.90 to $3.60. Over the weekend, Ali Martinez, a cryptocurrency analyst, predicted a breakout target of $0.82 for Dogecoin.
In a recent interview, Arthur Hayes predicted that Bitcoin would reach $100,000 by the end of 2024. According to Wu Blockchain reports, Arthur Hayes predicted in a recent podcast that Bitcoin would hit $100,000 by the end of this year and could reach a staggering $250,000 by the end of 2025. He also mentioned Dogecoin, noting that it might soon reach $1.
