1 month ago
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Coinspeaker
Dogecoin Reaches 27-Month High, Keeps Outperforming Bitcoin: How Much Will DOGE Price Rise in the Short-Term?
Dogecoin (DOGE) has continued the rally it started after its price bottomed out at $0.12. On Thursday, it reached a high of $0.22, representing an 83% increase from the last local bottom in mid-March. The last time the price reached such heights was in December 2021, setting a 27-month record.
Dogecoin Keeps Outperforming Bitcoin
The price of DOGE has been on a longer bullish trajectory since mid-February, when it began to rise from around $0.08. Although it cooled off at some points, the bulls are not giving up. So far, it has outperformed Bitcoin, even with all the hype and bullish sentiment surrounding BTC at this time.
A comparison of DOGE and BTC prices shows that the memecoin started outperforming Bitcoin at the end of February. Before then, it had remained under the dominance of BTC since November 2022. The DOGE/BTC price rose from $0.0000015, then cooled off at some point but has been able to reach a high of $0.0000032 on Thursday. This represents around a 100% increase over Bitcoin in just one month.
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