Dogecoin Vs. Bitcoin: Gauging The Performances Of Two Crypto Giants This Cycle

Scott Matherson

11 months ago

3 mins read

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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.

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 these bullish predictions for Dogecoin, it is worth mentioning that the foremost meme coin is currently lagging behind the flagship crypto in this market cycle. CoinMarketCap data shows that the meme coin boasts a year-to-date (YTD) gain of just over 21% compared to Bitcoin, which has recorded a price gain of over 47%.

Moreover, the flagship crypto already hit a new all-time high (ATH) in this bull run. Meanwhile, Dogecoin is still way below its current ATH of $0.7. However, considering James’ analysis that the meme coin has outperformed Bitcoin in previous cycles despite suffering a 90% drawdown, there remains the possibility that DOGE will still top BTC in this market cycle.

Analysts like Crypto Kaleo, Kevin, and Master Kenobi have all predicted that Dogecoin could reach $1 in this bull run. That represents a price gain of over 500% from its current price. Therefore, DOGE will likely outperform BTC if it eventually reaches this price target.

Dogecoin price chart from Tradingview.com — DOGE price falls again | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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