Raoul Pal Declares Dogecoin (DOGE) the 'King of All Cryptocurrencies,' Sparking Community Debate

Global Macro Investor founder and CEO Raoul Pal believes that the popular meme coin is capable of becoming “the hardest money ever created,” citing how Dogecoin has outperformed Bitcoin historically.

A well-known crypto investor has made a bold claim, stating that Dogecoin is the king of all cryptocurrencies, sparking a lively debate within the cryptocurrency community.

Global Macro Investor founder and CEO Raoul Pal is convinced that the popular meme coin could become “the hardest money ever created,” highlighting how Dogecoin has outperformed Bitcoin historically.

‘Hardest Money Ever Created’

Pal touted the prominent meme coin's superiority to Bitcoin, suggesting that its dominance could make it the “hardest” currency ever created.

The top executive's recent statement made waves in the crypto community, presenting a strong case for Dogecoin being better than the first-born cryptocurrency, Bitcoin.

In a recent broadcast on his X account, the Global Macro Investor CEO showcased the Dogecoin chart, which he described as super bullish, labeling it as the “greatest chart of all time.”

Pal has been a staunch supporter of Dogecoin, previously revealing that the popular meme coin is among his favorite assets. The advisory publication executive has mentioned in past interviews that he holds a large concentration of Dogecoin in his portfolio.

Dogecoin Superiority Theory

The former hedge fund manager asserted that the meme coin is “the king of all cryptocurrencies,” suggesting that Dogecoin trumping Bitcoin is a possibility that could unfold in the future.

Pal deems the popular token to be superior to Bitcoin, basing his claim on Dogecoin outperforming Bitcoin historically. He further supports his Dogecoin superiority theory by noting that the meme coin has outdone the largest cryptocurrency in terms of market capitalization, outperforming Bitcoin's by an impressive 500% since its creation.

CEO Foresees Dogecoin Continuing Its Gains

Data reveals that Pal's assumption is valid as the numbers don't fib. Statistics indicate that Dogecoin has outperformed the flagship cryptocurrency since it debuted in 2013.

When it was launched, DOGE's price was $0.00056 per coin, but that price has since soared by 461,407%.

In comparison, during Dogecoin's launch, the Bitcoin price was around $1,210 per coin. Now, the crypto is trading at $96,340, showing a 7,862% increase since then.

On The Verge Of A Breakout

Pal predicted that Dogecoin could be on the verge of a breakout, a scenario that would further cement its superiority over Bitcoin.

At the time of writing, DOGE is trading at $0.269 per token with a market cap of $39 billion.

Pal argues that once Dogecoin breaks out against Bitcoin, it will earn the title of the hardest money in the world, claiming that DOGE will become the new standard and dethrone Bitcoin as the top cryptocurrency.

However, some analysts view the prediction with skepticism, suggesting that Pal's projections might be overly ambitious, given the disparity in fundamentals between the two digital assets.

Featured image from Gemini Imagen, chart from TradingView