Dogecoin outperforms Bitcoin: Dogecoin has surpassed Bitcoin in percentage gains since its launch. Raoul Pal believes that Dogecoin has become a more “hard to erode currency” and has grown by 550% since entering the market. According to him, Dogecoin has the potential to continue growing strongly compared to Bitcoin in the near future.

Potential breakout for Dogecoin: Pal included a chart showing Dogecoin forming a second price channel model. As this channel breaks, it may push Dogecoin’s price higher than Bitcoin. This creates favorable conditions for Dogecoin to achieve new price levels in the near future, with many investors confident in its growth.

Predictions for Dogecoin’s future price: The market predicts Dogecoin could reach its all-time high price of 0.73 USD. Some analysts have also suggested higher target price ranges, such as Ali Martinez with 0.82 USD. Moreover, Arthur Hayes believes Dogecoin may reach 1 USD, with strong growth over the coming years.

Comparison of Dogecoin and Bitcoin: Dogecoin recently reached 0.0000049 in the Bitcoin pair, a high since December 2022. This price shows that Dogecoin continues to outperform Bitcoin. Meanwhile, Bitcoin could not cross the level of 100,000 USD, leading to a large liquidation. The market favors Dogecoin due to its higher growth potential.