Dogecoin Set to Outperform Bitcoin by 2025 Amidst Follower Effect
Wednesday, 18 September 2024, 07:59
Dogecoin's Rise in Popularity
Pseudonymous crypto trader Master Kenobi believes that Dogecoin (CRYPTO: DOGE) will continue to outperform Bitcoin (CRYPTO: BTC) in the current market cycle. The 'Follower Effect' highlights how community engagement can propel a meme coin's growth.
What Is the Follower Effect?
- The Follower Effect refers to the momentum generated by a strong social community.
- This phenomenon is particularly visible in meme coins like Dogecoin.
- As more investors buy into Dogecoin, the price and interest are likely to surge.
Market Analysis
Comparatively, while Bitcoin remains a leading cryptocurrency, Dogecoin's rapid gains could surpass Bitcoin's price growth in the near future. This trend indicates a shift in investor focus.
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