doge crushes btc in the Jan 1 to Nov 17 date.
8.9 cents is now 36.6 cents which is 4x
btc was 44.1k now 90.5k about 2x
so 1000usd in doge is now 4000usd
and 1000usd in btc is now 2000
8.9 cents is now 36.6 cents which is 4x
btc was 44.1k now 90.5k about 2x
so 1000usd in doge is now 4000usd
and 1000usd in btc is now 2000
If we’re not sticking to what’s written in the report, then sure, Doge could have a case to win. But unfortunately for Doge fans, the report makes it crystal clear, it’s an “asset class” comparison.
And when it comes to asset classes, Bitcoin already dominates the “crypto” category. It’s the benchmark, the standard, the one everyone measures against. That’s why it’s used as the basis for this comparison.
Interesting overview and you made a valid point here mentioning that they compare "asset classes" and if you will, you could add that this is about asset classes of certain sizes that are somewhat established and are not considered a gimmick. Because otherwise you could probably find some trash coin that made 6x since the beginning of the year. Some low market cap penny crypto that went up 1000% until YTD.
This overview in the chart does make sense with respect to the assets they chose. You could as well include art, but then it again becomes obscure. DOGE does have a market that is liquid and all that, but it doesn't really fit into the category as they aggregate assets like "Small Cap Equities" and "Mid Cap Equities". You would at least have to do the same, but this would end in an incomprehensible clutter.