Dogecoin vs. Bitcoin: Analyzing Historical Gains for Future Potential
In a comprehensive analysis, Ðima James Potts (@DimaPotts36) delves into the ongoing debate between Dogecoin (DOGE) and Bitcoin (BTC), presenting detailed historical data to highlight an intriguing trend.
Potts begins by noting that Bitcoin's most substantial gains occurred during its formative cycle, where it established itself as the pioneering cryptocurrency. Specifically, he outlines the following percentage increases:
Bitcoin:
- 2nd cycle (2015-2017): +12,804%
- 3rd cycle (2018-2021): +2,109%
In contrast, Dogecoin has consistently surpassed its gains in each subsequent cycle:
Dogecoin:
- 1st cycle (2015-2018): +21,821%
- 2nd cycle (2020-2021): +54,890%
Potts asserts that while Dogecoin's gains have steadily increased, Bitcoin's have declined noticeably. He expresses confidence that Dogecoin is poised to surpass its previous cycle gains, while Bitcoin may continue its downward trend.
Additional data from CoinMarketCap's Community Sentiment supports Potts's assessment, revealing that 80% of 10,762 participants predict a price increase for Dogecoin. This sentiment underscores Dogecoin's potential as a dominant force in the current crypto market, as Potts enthusiastically proclaims, "To the Moon!"