Gauging The Performances Of Two Crypto Giants This Cycle
The post Gauging The Performances Of Two Crypto Giants This Cycle appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. Crypto analyst James has compared Dogecoin (DOGE) and Bitcoin (BTC) and provided insights into what to expect from these major cryptocurrencies in this market cycle. Based on his analysis, the foremost meme coin will likely outperform the flagship cryptocurrency in this bull run. What To Expect From Dogecoin And Bitcoin In This Cycle James suggested in an X post that Dogecoin will likely outperform Bitcoin in this market cycle. The analyst noted that since Dogecoin’s launch in 2013, the foremost meme coin has consistently outperformed the flagship crypto in every cycle despite the over 90% drawdowns witnessed in those cycles. Related Reading The analyst also highlighted the performances of these coins since their inception. He noted that most of Bitcoin’s gain came during its first cycle, likely because it was the first cryptocurrency. However, since then, Bitcoin’s gains have decreased over the last three cycles. Meanwhile, Dogecoin has enjoyed price gains in every successive market cycle. The foremost meme coin is said to have surged by over 54,000% in the 2018 bull market and a price gain of over 54,800% in the 2021 bull run. In line with this, James is confident that Dogecoin will again surpass its previous two cycles’ percentage gains while Bitcoin will record smaller gains in this bull run compared to the previous cycles. Interestingly, the analyst asserted that Dogecoin is the “stronger cryptocurrency and is poised to take over the world.” Like James, crypto analysts like Kevin Capital and Crypto Kaleo also previously predicted that Dogecoin will outperform Bitcoin in this market cycle. More recently, crypto analyst Master Kenobi also echoed a similar sentiment, citing Dogecoin’s historical performance and community-driven momentum as the reason it will outperform the flagship crypto. The Foremost Meme Coin Is Lagging Behind Despite…
Filed under: News - @ October 10, 2024 2:01 am