Raoul Pal, the big brain behind Global Macro Investor, drops a bombshell. He’s saying Dogecoin might just become the hardest currency on Earth.
The same Doge that started as a joke could flip the script and leave Bitcoin in the dust. Sounds crazy? Maybe.
But Pal’s got charts, patterns, and some serious numbers backing him up.
Futureshock
Pal’s been eyeballing the Dogecoin-to-Bitcoin chart for years. He’s spotted what the technical analysts call a bullish flag pattern, a classic sign that a big breakout could be coming.
Back in 2014 to early 2021, Doge was stuck in a falling wedge pattern, a slow squeeze that ended with a massive rally in 2021.
That rally sent Dogecoin growing to historic highs against Bitcoin. Now, guess what? A similar pattern is playing out again, and Pal thinks history might just repeat itself.
He even joked on X that Dogecoin becoming the hardest currency would be the most amusing outcome possible.
But jokes aside, the numbers are eye-popping. Since Dogecoin launched, it’s outperformed Bitcoin by 500%.
While Bitcoin grew by about 7,862%, Dogecoin skyrocketed an insane 461,407%. That’s not small potatoes.
Ready or not
Now, hold on. Dogecoin’s inflationary supply model usually makes it a poor candidate for hard money status, which traditionally means limited supply and deflationary properties, Bitcoin’s bread and butter.
But Pal’s betting that Doge’s momentum and market behavior could rewrite those old rules.
And the market’s listening. Dogecoin’s price has been on a tear lately, climbing over 40% in the past week and pushing toward new resistance levels. Whales are snapping up Doge like it’s the last slice of pizza.
Santiment’s on-chain data shows around 600 million DOGE changed hands in just 48 hours. When whales move like that, you better pay attention.
Whales have bought 600 million #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/4s84fodwkk
— Ali (@ali_charts) May 10, 2025
Number go up?
Technically, Dogecoin’s sitting pretty above its 50-day and 200-day moving averages, signaling strength.
But watch out, the Relative Strength Index is at 81, which means it’s overbought and could cool off soon.
So, a little price correction or sideways action might be on the menu before the next big move.
Either way Raoul Pal’s calling Dogecoin the hardest money on earth might sound like a punchline, but at least he didn’t call it basically risk-free lol. The charts and whale activity suggest there’s more to this story.
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