Elon was making a lot of shilling tweets about whether doge will be the future of currency. You can see how successful Elon has been in the development of new technology.
As a result, a large number of individuals believe what he said previously. That being said, if all of the doge pumps are due to Elon Musk's remark. This has been discussed numerous times.
Topic: Bitcoin high fee has brought dogecoin to limelight (Read 701 times)
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time.
Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario.
I agree that the magic should happen in the backend or on the protocol level. If there are users that are not overly tech-savvy, it will be hard to convince them to use a complicated technology in their everyday life.
They won't do it as we all prefer easy solutions and go for compromises when it makes life a little bit easier. Although we sometimes shouldn't.
Yes there is no way around it. You can compare it to the old personal computers when you had to use Linux like programs or DOS. Who would have used that for personal purposes. The average 60 year old wouldn't have used computers today if they still were like that. It is all easy to use and intuitive, at least for the most part.
On a few occasions the machines still do whatever they want and not what we want them to do. 
I doubt anyone would be using it today, at least not as much as computers are now part of our every day life. They are literally integrated everywhere and into whatever you can think of. We are a good bit away from cryptocurrencies being so widely understood and easily usable as computers, but that will also become an integral part of our lives soon.
Getting closer from day to day! There are so many mobile applications already which people can use on a daily basis. I think the law is more of a problem, taxation and so on. You can't really use crypto without all the taxation hassle even for the smallest amounts. If that dust also settles we'll see the whole evolution enfold its potential.
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time.
Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario.
I agree that the magic should happen in the backend or on the protocol level. If there are users that are not overly tech-savvy, it will be hard to convince them to use a complicated technology in their everyday life.
They won't do it as we all prefer easy solutions and go for compromises when it makes life a little bit easier. Although we sometimes shouldn't.
Yes there is no way around it. You can compare it to the old personal computers when you had to use Linux like programs or DOS. Who would have used that for personal purposes. The average 60 year old wouldn't have used computers today if they still were like that. It is all easy to use and intuitive, at least for the most part.
On a few occasions the machines still do whatever they want and not what we want them to do. I doubt anyone would be using it today, at least not as much as computers are now part of our every day life. They are literally integrated everywhere and into whatever you can think of. We are a good bit away from cryptocurrencies being so widely understood and easily usable as computers, but that will also become an integral part of our lives soon.
I think Dogecoin's high price has nothing to do with the high Bitcoin transaction fees. If you use a wallet like Blockchain.com, Bitcoin transaction fees are still normal.
I am also having similar opinion. Because, if bitcoin's high fee is the real reason for dogecoin's bull run why most other coins are not having similar bull run. Think this way, to solve the higher fees of bitcoins, people are having lots of other options to make their transactions with cheaper fees and dogecoin alone is not a coin with cheaper transaction fees.Are you sure? How it will be possible for blockchain.com to process our transactions for cheaper network fees? I am just hearing about this for the first time. Let me check on this.
The recent hype is just an unexpected element coming from a whale but it's impossible for this to heal the relationship between dogecoin and bitcoin
Yes, dogecoin's run was triggered by a known whale Elon Muck. It is as clear as anything else. But, people want to link it to bitcoin is some way but not seeming sensible in my opinion as well. Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Elon Musk's tweet about Dogecoin caused Doge's price to soar. In fact he once wrote in his Tweet, would sell around 5k BTC to buy Dogecoin. I think he has bought a large quantity. Even in a short time Doge's price reached $ 0.38.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I think Dogecoin's high price has nothing to do with the high Bitcoin transaction fees. If you use a wallet like Blockchain.com, Bitcoin transaction fees are still normal.
The skyrocketing price of Dogecoin was caused by Elon Musk, he was attracted to Dogecoin, and bought it in large quantities. For a billionaire, transaction fees of $ 10 to $ 50 are not their problem.
Why comparing or relating Bitcoin with DOGE? Is this because Doge is now very hype and booming because of the very influential person in the world?
I don't think that it is. Doge is up because of the pumps done by several aprties. And then it will drop again without any pump tweets again. Many people are being hyped about this coin.
And actually, I personally don't hate Doge, but only share my point of view. There are still many coins or top tokens that can do it much better
- Yes, finding a common ground to exploit a relationship between dogecoin and bitcoin right now is too naive, the two were once the center of the stage, even brothers but years have passed, bitcoin is still strong going up in solitude, dogecoin still cannot make the next move. The recent hype is just an unexpected element coming from a whale but it's impossible for this to heal the relationship between dogecoin and bitcoin, both of which belong to two different ranges, dogecoin is just a little halo while bitcoin will forever be the center of all I don't think that it is. Doge is up because of the pumps done by several aprties. And then it will drop again without any pump tweets again. Many people are being hyped about this coin.
And actually, I personally don't hate Doge, but only share my point of view. There are still many coins or top tokens that can do it much better
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I don't think dogecoin pump is connected to bitcoin high gas fees, the only coin I know about that came into existence due to bitcoin slow confirmation was Litecoin apart from it I don't know any other coin that pumped or was recognized because of any defect in bitcoin, from my research the pump in dogecoin price is highly sponsored by Elon Musk tweets and his humble followers who buy doge thinking its a financial advise, apart from that nothing else. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
due to the high transaction fees of bitcoin which make a lot of altcoins in demand.
not only Dogecoin but some altcoins like TRX also adopt low transaction fees.
That is why the adoption of altcoins such as Dogecoin and TRX also continues because some traders moving money have to use altcoins that have low transaction fees.
not only Dogecoin but some altcoins like TRX also adopt low transaction fees.
That is why the adoption of altcoins such as Dogecoin and TRX also continues because some traders moving money have to use altcoins that have low transaction fees.
One reason why the altcoins went up so much is due to the high transaction fee of Bitcoin and there is no doubt regarding it. The miners have sabotaged whatever proposal that came up in the past to lower the transaction fee. Many of the miners own huge stashes of altcoins and therefore it is beneficial for them if the altcoin prices increase. But I am really concerned with centralized coins such as Dogecoin and Ripple getting the benefit. It is not a great news for the overall health of the cryptocurrency market. Along with the high transaction fee, manipulation has also played its part. But everyone tend to ignore the second factor.
due to the high transaction fees of bitcoin which make a lot of altcoins in demand.
not only Dogecoin but some altcoins like TRX also adopt low transaction fees.
That is why the adoption of altcoins such as Dogecoin and TRX also continues because some traders moving money have to use altcoins that have low transaction fees.
not only Dogecoin but some altcoins like TRX also adopt low transaction fees.
That is why the adoption of altcoins such as Dogecoin and TRX also continues because some traders moving money have to use altcoins that have low transaction fees.
If high fee was the reason, then why Dogecoin went up with respect to the other altcoins? Ideally Litecoin or Bitcoin Cash (BCH) could have gone up more, as they have a much higher adoption when compared to Dogecoin, as far as usage for making payments is concerned. Dogecoin primarily went up due to the hype created by Elon Musk's tweets and the price manipulation by a few Dogecoin whales. This movement has nothing to do with the higher transaction fee of Bitcoin.
Your statement is a fact but the OP has a point too. If Bitcoin transaction fee is cheap and fast, Investing on blockchain base altcoin is nonsense since they are existed because of Scalability issue of Bitcoin. But manipulation from Elon Musk is the one that contributes most to the price growth.
I doubt if bitcoin fees has an impact on the dogecoin pump. In fact bitcoin fees wasn't as outrageous as that of ethereum and the increase was basically because of the increase in value of Bitcoin. Dogecoin got majority of her pump from Elon musk and the bull run which affected many other coin.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
It's just part of DOGE's price increase, it's true that I often move back to DOGE to reduce transaction fees. It's a lot cheaper than bitcoin. But that's not all for DOGE's price to be what it is now.Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Currently DoGe is being exaggerated and blowing prices. The person who uses it is also more
If high fee was the reason, then why Dogecoin went up with respect to the other altcoins? Ideally Litecoin or Bitcoin Cash (BCH) could have gone up more, as they have a much higher adoption when compared to Dogecoin, as far as usage for making payments is concerned. Dogecoin primarily went up due to the hype created by Elon Musk's tweets and the price manipulation by a few Dogecoin whales. This movement has nothing to do with the higher transaction fee of Bitcoin.
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time.
Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario.
I agree that the magic should happen in the backend or on the protocol level. If there are users that are not overly tech-savvy, it will be hard to convince them to use a complicated technology in their everyday life.
They won't do it as we all prefer easy solutions and go for compromises when it makes life a little bit easier. Although we sometimes shouldn't.
Yes there is no way around it. You can compare it to the old personal computers when you had to use Linux like programs or DOS. Who would have used that for personal purposes. The average 60 year old wouldn't have used computers today if they still were like that. It is all easy to use and intuitive, at least for the most part.
On a few occasions the machines still do whatever they want and not what we want them to do.
It is true that currently Doge's withdrawal fees have increased. on the local exchange that I use right now the Doge coin withdrawal fee has increased. it is estimated that the USD is definitely now rising. and that certainly led me to do another option, namely tron. now the average token and coin withdrawal fee has increased due to factors in price increases and transaction costs
Why comparing or relating Bitcoin with DOGE? Is this because Doge is now very hype and booming because of the very influential person in the world?
I don't think that it is. Doge is up because of the pumps done by several aprties. And then it will drop again without any pump tweets again. Many people are being hyped about this coin.
And actually, I personally don't hate Doge, but only share my point of view. There are still many coins or top tokens that can do it much better
I don't think that it is. Doge is up because of the pumps done by several aprties. And then it will drop again without any pump tweets again. Many people are being hyped about this coin.
And actually, I personally don't hate Doge, but only share my point of view. There are still many coins or top tokens that can do it much better
The Bitcoin fees has nothing to do with the rally in Dogecoin, everything was aligning towards a big push for the coin and some of the credits goes to Elon Musk for the shilling the project so hard that the developers were forced to upgrade the project after years of not doing anything and it shows the fun side of the market as well and if the entire shit coin market rises in this bull run then why not Dogecoin which is much better than some of the coins that rallied .
. 
As if dogecoin is the only coin with cheap transaction fee, do you know how many coins that have cheap transaction fee like dogecoin?
Elon was creating so many shilling tweet if doge will become the future of currency. You can see that how good the track record of elon in the development of new technology. That makes so many people believing in what he was saying before. That being said if all of pumps in doge caused by elon's tweet.
This already discussed so many times. It doesn't make sense when people started to talk about the correlation with the bitcoin fees.
Maybe he was not watching elon's tweet. There are bunch of coins that have better scalability than doge.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I don't think about optional because Dogecoin is not even close to Bitcoin no matter what Elon Musk to do. Besides, it was just the hypes that help Doge to skyrocket, but I'm not sure if it still in the skyrocket once the altseason will end. I surely see that it drops again like in the situation before the hypes. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Nothing special with Dogecoin, we don't need to fool ourselves believing that this coin will enlighten us in the future. Because it was just Elon Musk benefiting this more, not the investors, not us. And this huge fee is temporary, in fact, it is getting low already.
If Doge would surpass Bitcoin the whole world would laugh about the decentralized finance industry. There is a limit to jokes if you ask me. I wouldn't want to see Doge surpass Bitcoin, but that's an impossible scenario anyway. As you say fees are slightly dropping even though they need to more drastically.
I don't think it's because the price of bitcoin is too high, it's Elon Musk who recently glanced at the doge, and launched a few tweets, it made doge go to the moon, unfortunately some people definitely bought above and can never come back, some take advantage of Elon Musk tweets
It has been a long time since Bitcoin transaction fees were high, but why is it only now that Dogecoin's price has increased so dramatically.
So it is inaccurate to say the Dogecoin price went up due to the high Bitcoin transaction fees. Because if we do our research properly, we will
know that Dogecoin's price has gone up since Elon Musk often made tweets related to Dogecoin. So the hype that happened to Dogecoin was
the main cause of the tweets made by Elon Musk, indeed the extraordinary effect that Elon Musk gave.
snip
Honestly, so far, Doge is likely only a community coin, not really popular enough and also not really pumping before Elon Musk tweets. However, because of this very influencing person in the world, Doge can pumps so highly in a short period. However, how if Elon Musk decides to sell of Doge and not making hype of this coin? Can it really pump again like now?This is what makes different from other coins like BTC, ETH, BNB, and other tops coins, where they have a strong team and fundamentals.
Bitcoin is yeah has very high fees right now, but this doesn't make people leave this coin because it is too worthy to leave
And if I need more alternatives to take, I will prefer to some top coins.
I think Dogecoin owns its rise to Elon Musk primarily and a bit to Mark Cuban. There are plenty of other coins with low fees so that is not the factor really driving it.
Yes, I agree but mostly it's with Elon Musk.He's the first one to be consistently giving tweets about Dogecoin. Before there wasn't that much effect with his tweets but he just did it again consistently until the masses came to respond with his tweets.
And there you go, Dogecoin pumped.
This feels the same as due to high gas fees on Ethereum, projects are moving to Binance smart chain . Not sure what will be the limit to this high fee issue. If things will not be easy in near future, the trend may change for ETH.
But for Dogecoin, I see the reason in price increase because of more hype than BTC high fees. It went directly 4x in a small period of time which shows the increase in interest in it from investors.
. Not sure what will be the limit to this high fee issue. If things will not be easy in near future, the trend may change for ETH.But for Dogecoin, I see the reason in price increase because of more hype than BTC high fees. It went directly 4x in a small period of time which shows the increase in interest in it from investors.
Basically, it is owed to Elon Musk's tweeting about doge why it pumps its price in the market. Nothing more. Because in my opinion, it is not because its lower fees that doge comes to light. Exchanges are still charging like 20 - 50 doge (approx $6.4-16 at the rate of $0.32), so it is not in any way cheap. There are cheaper alts you can use if you are after for low transfer fees like TRX, XRP, EOS or LTC. Let us admit that it is mainly because of Elon why doge is in its position right now. So for those holders, you need to be careful because once he is finished with this alt, it will go down again.
Well, I beg to differ. I don't really buy the idea that the reason why Dogecoin has been growing is because it is proving to be a more better option than Bitcoin.
Let me ask, who knows about Dogecoin or even paid attention to it before Elon musk started hyping it? Only few people were holding Dogecoin and because hype is very needed and important in the crypto space, people started bagging it because with a little hype, the price grows and they bask in profits; that is to say, people are only holding Dogecoin because of the immediate profit they are seeing and if Elon musk stops hyping it, that might be the end.
No coin can compete with bitcoin when it comes to begin important and/or relevant in the crypto space, Ethereum haven't done so let alone Dogecoin.
I don't agree with your statement if you say the increase in DOGE prices is due to expensive bitcoin transaction fees, everyone already knows and it is clear that DOGE pumps because Elon Musk and his followers have manipulated the market
I think Dogecoin owns its rise to Elon Musk primarily and a bit to Mark Cuban. There are plenty of other coins with low fees so that is not the factor really driving it.
This feels the same as due to high gas fees on Ethereum, projects are moving to Binance smart chain . Not sure what will be the limit to this high fee issue. If things will not be easy in near future, the trend may change for ETH.
But for Dogecoin, I see the reason in price increase because of more hype than BTC high fees. It went directly 4x in a small period of time which shows the increase in interest in it from investors.
. Not sure what will be the limit to this high fee issue. If things will not be easy in near future, the trend may change for ETH.But for Dogecoin, I see the reason in price increase because of more hype than BTC high fees. It went directly 4x in a small period of time which shows the increase in interest in it from investors.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
It has been a really crazy year for Dogecoin with the heavy uptrend. The current price compared to what we have now is a really big difference, from below $0.10, now it’s around $0.34 after it reached somewhere around $0.40. so that’s a really big move.Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Although this is not the first price movement like this that we have seen with dogecoin, we have seen a bull run that happened when there were some Tiktok influencers hyping it and convincing their followers to invest, and that caused the price to skyrocket to an extent, then it came to this Elon Musk hype.
I don't think it's because the price of bitcoin is too high, it's Elon Musk who recently glanced at the doge, and launched a few tweets, it made doge go to the moon, unfortunately some people definitely bought above and can never come back, some take advantage of Elon Musk tweets
I agree with you Doge's hype is caused by Elon Musk, when he talks about Doge, Doge's price will definitely go up quickly, most people buy when the price is high and they think the hype will last a long time. I also feel that the expensive Bitcoin transaction price does not affect Doge's price at all.
Doge is still growing and will be for a while but eventually it is going to fall.
Most of the Doge supply is held by a few whale wallets. When the time will come and they will agree to the market price of Doge and will start dumping.
Then people will start losing a lot of money and those whales money will be redirected to another project.
Most of the Doge supply is held by a few whale wallets. When the time will come and they will agree to the market price of Doge and will start dumping.
Then people will start losing a lot of money and those whales money will be redirected to another project.
Many cryptocurrencies cost less than Bitcoin and lower than DOGE. Take a look at Monero, the very low transaction cost, the lowest of all the cryptocurrencies I know of even if you withdraw it from an exchange to your wallet.
DOGE is just an old crypto with old technology and it is being manipulated by whales and sharks. I think the low transaction costs are not part of the reason.
DOGE is just an old crypto with old technology and it is being manipulated by whales and sharks. I think the low transaction costs are not part of the reason.
the biggest reason Doge rose was because of Elon Musk's influence. he had an important role in making the doge rise. although there are other reasons that influence it too, but it does not have a significant impact. one of them is as an alternative to transfer funds. if only for this reason it would not be possible for the doge to rise as it is today.
it is clear, even before bitcoin has experienced an increase in transactions doge has not become any coin. That is the reason for blaming bitcoin's high transaction fees and causing the doge price to increase. even though it was a mistake and doge had increased due to the hype by elon musk and it was real 
coins with cheap transaction fees are getting attention right now. not only doge, tron also grew thanks to this. indeed the bull market gives us profit, but the irony is that for some coins the fee is becoming more expensive. ethereum and bitcoin are examples of coins experiencing this problem. but thanks to Doge, transfers between funds have become easier and cheaper.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Honestly I am some sort of agreeing with you as we must need cheaper transaction based payment option to spend for our day to day life. Bitcoin is drastically moving toward a point of becoming a complete digital asset hence spending bitcoins for our daily life is becoming as non sensible one by considering about the future price levels of bitcoins.Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
These days (before dogecoin's up surge) I am making use of Tron for paying some of my expenses but after dogecoins entered into 200 satoshi region for the first time, some of my spending places started accepting/demanded for dogecoins; compared to dogecoins, currently I am spending low fee with Tron still I am comfortable with dogecoins for payments.
Bitcoin fees is really hurting our butts, finding alternatives is the best way to continue transacting using our
crypto assets, if OP find Doge as good alternatives then he really made a good decision as fees and speed are
both okay using Doge chain.
With TRX, I also use it together with XRP whenver I transfer some fund between exchange, I find it better than
using BTC or ETH.
As if dogecoin is the only coin with cheap transaction fee, do you know how many coins that have cheap transaction fee like dogecoin? They are many, I believe the reason y dogecoin is well adopted today is because of Elon musk and Tesla
You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.
The influencer effect is amazing, but it's worth remembering. The coins are not going in a pure way I think like the Doge won't last long until the next few years. but it can't be confirmed yet because the market also affects the coin Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I don't think about optional because Dogecoin is not even close to Bitcoin no matter what Elon Musk to do. Besides, it was just the hypes that help Doge to skyrocket, but I'm not sure if it still in the skyrocket once the altseason will end. I surely see that it drops again like in the situation before the hypes. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Nothing special with Dogecoin, we don't need to fool ourselves believing that this coin will enlighten us in the future. Because it was just Elon Musk benefiting this more, not the investors, not us. And this huge fee is temporary, in fact, it is getting low already.
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time.
Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario.
I agree that the magic should happen in the backend or on the protocol level. If there are users that are not overly tech-savvy, it will be hard to convince them to use a complicated technology in their everyday life.
They won't do it as we all prefer easy solutions and go for compromises when it makes life a little bit easier. Although we sometimes shouldn't.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Honestly I am some sort of agreeing with you as we must need cheaper transaction based payment option to spend for our day to day life. Bitcoin is drastically moving toward a point of becoming a complete digital asset hence spending bitcoins for our daily life is becoming as non sensible one by considering about the future price levels of bitcoins.Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
These days (before dogecoin's up surge) I am making use of Tron for paying some of my expenses but after dogecoins entered into 200 satoshi region for the first time, some of my spending places started accepting/demanded for dogecoins; compared to dogecoins, currently I am spending low fee with Tron still I am comfortable with dogecoins for payments.
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time.
Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario.
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time.
Thanks to Elon Musk tweet about Doge, let Doge more and more famous, then just have happened this skyrocketed DOGE story. Let us back to the years when DOGE without Elon Musk, the time that BTC also with high fee, the ATH of Doge is about $0.017318. Comparing to now, i think the answer is easy to say.
DOGEcoin is famous anyway. If a coin is among the top ranks on Coinmarketcap for such a long time, the visibility was so high and so many people have seen it, it's definitely popular anyway.
With Musk's tweets it can only get better for DOGE, that is true. Didn't he mention he is accepting various coins for Tesla and SpaceX purchases?
Or was it only Bitcoin thus far?
Thanks to Elon Musk tweet about Doge, let Doge more and more famous, then just have happened this skyrocketed DOGE story. Let us back to the years when DOGE without Elon Musk, the time that BTC also with high fee, the ATH of Doge is about $0.017318. Comparing to now, i think the answer is easy to say.
The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Mate, the pumping price of doge coin will causing the transaction fee of doge coin increase.
I think one of the cause of high fee in bitcoin is because bitcoin price is already very high.
Just look at Ethereum and BSC, their gas fee is very different because ETH price is high and BSC still not too high.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin pumping doesn't have anything to do with the transaction fee cost on bitcoin blockchain, dogecoin is pumping because of the Elon Musk tweets about it and its community of moon boys, u don't see any reason why it will pump because transaction on bitcoin is more expensive, I mean we have trx that's offering almost free transactions, there are other cryptocurrencies that transactions are even free, so I doubt if dogecoin pumped because of bitcoin transaction cost is high. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Your point is valid. As now, I noticed the transaction fee of doge from one exchange to another is getting expensive as compared in the old days. Now, you can choose TRX, EOS, LTC or XRP for cheaper transactions. And those alts are also readily available in most exchanges. I will give couple of examples - in crex, the withdrawal fee for doge is 40 doge, which is approximately $13.6 at a current rate of $0.34, whereas in binance, it is 20doge ($6.8 ). Now, that is expensive! So I can say, it is mainly because of Elon why doge is getting high price today, not the fees involved in doge transaction.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin pumping doesn't have anything to do with the transaction fee cost on bitcoin blockchain, dogecoin is pumping because of the Elon Musk tweets about it and its community of moon boys, u don't see any reason why it will pump because transaction on bitcoin is more expensive, I mean we have trx that's offering almost free transactions, there are other cryptocurrencies that transactions are even free, so I doubt if dogecoin pumped because of bitcoin transaction cost is high. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
In fact, without Elon Musk, maybe nobody even knows about DOGE.
I admit, Elon Musk does the magic that makes Doge a magnet, it attracts all the attention. Compared to many altcoins in this bull run, Doge stands out above all. We have a large community of supporters around the world. Always support Doge! Just tweet by Elon, will keep flying! 
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I think it is not the high fee of BTC that brought dogecoin to limelight, it is the constant meddling of Elon Musk that brought Dogecoin to the attention of whales and masses. If it is the high fee of BTC then there is other cryptocurrency that can offer a lesser fee and a faster transaction.
High fees may also play a minor role in all of this although I think that people will just use BCH or something else instead that also has low fees. What does the average transaction with DOGE cost right now?
It isn't as low as you would think! It is around $0.20 to $0.35 or something? There are coins which are cheaper in transaction costs. Litecoin and Bitcoin Cash are both cheaper I believe.
Dogecoin will eventually fall. Like it did last time.
Anything that already gone up will be going down again and it's not only happening with the doge coin but almost all of coins in the market are also doing the same thing like doge coin as well. This is the nature of crypto when pump and dump will always be happening in the market and it can't be avoided except the token will be backed by the stable commodity or asset like fiat money. There are lots of my friends already trapped at the peak price of doge coin and they are still waiting for the time to go out from their lose position.
The fall for doge coin is predictable but pump and dump on doge has no correlation with bitcoin fees.
I don't believe that dogecoin skyrocketed because of high fee happening with BTC and moreover can this high fee be compared to that on Ethereum network? I guess not, doge coin pumps because of that billionaire and influencers, nothing more or less
Im not sure that dogecoin price is somehow connected to btc fees. Dogecoin price is only connected with memes and Elon Musk tweets
Why are you unsure if the Dogecoin price is tied to BTC fees? try to give a more concrete reason here because many people already know about Elon Musk's tweet about Dogecoin.
You're really mistaken if you think all the pumps that has happened in doge market caused by bitcoin high fee, I mean, if you really eager to make a transaction while at the same time didn't want to spend too much on fee there's so many alternatives that's better than doge with less volatility and if you see the pump of doge coin happens right after elon made a tweet relating to doge and it has been like that since the first time elon trying to talk about doge or crypto in general. If you don't believe, try to find doge hodlers maybe in reddit or instagram and ask them, most of them buying it just out of speculation and trying to make quick buck.
Agree, low transaction cost is a key platform for dogecoin to keep a bright spot in the market but the feature seems outdated and overly copied because as you say, many alternative altcoins have a lower cost and have a better performance than dogecoin, the advantage of dogecoin is only good in its longevity and low volatility in the short term. But even with such an advantage, it's still not possible to turn attention from bitcoin to it easily, Elon Musk is the screenwriter for dogecoin and helped it regain some light on this big stage 
This transaction has nothing to do with the Dogecoin pump, it Elon and holders of doge who pump the price, every tweet people ride it, and other people on the other hand panic and bought, also the 1 USD price target that is circulating also made the coin price up, bitcoin fees are already high in the past few years so OP speculation was not true, that the reason is because of the fee, it's because of the hype and attention by these elite people and celebreties.
Nah it's not the bitcoin transaction fee that dogecoin skyrocketed, there are many tokens that has low transaction fee not just doge. It was Elon Musk who always tweeting about dogecoin, he successfully brought doge to the moon.
this is also one of the reasons why the doge rose. The low fees make people choose coins to transfer funds to. but the biggest reason doge is popular today is because Elon Musk has always expressed his interest in this coin and clearly supports it. This is what made Doge rise to what it is today.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I dont think so, Honestly speaking I dont understand why do you compare Bitcoin to Doge. because base on your OP do you believe that the Dogecoin pump was due to high Bitcoin transaction fees? Mate the truth is without Elon Musk's endorsement Dogecoin was nothing but just a sleepy meme coin, And the Bitcoin Network's expensive transaction fees have nothing to do with the Dogecoin pump because it was purely influenced by hype.
If the Bitcoin transaction fee is high, then ideally it should be BCH which gets the benefit. I don't know how DOGE can be used in place of Bitcoin, because the technology is much inferior and there are security bugs associated with DOGE. On the other hand, BCH is almost a cloned copy of BTC and the only difference is that the block size is larger to allow more number of transactions (and that is exactly what is needed now).
Dogecoin suddenly gained attention because of Elon's sarcastic reference of it. And then it simply went a lot more popular from that point onwards. Many people are now seeing it more than a meme coin which was not even updated for a long time. The cheap fees with Dogecoin has been one of the reasons why the coin is still much used until today. But lately, it is more than just a cheap coin perfect for tipping. It has now also become one of the coins to invest on.
Doge was rounding us for a long time, but I'm glad it's starting to take off. Elon Musk may knows something that we don't know, he plays with Doge and now just to prove its all pump and dump. Keep believing Elon's supremacy, he is the only reason to breakthrough.Doge has always been on the top 100. I like Doge because it is cheap in terms of transaction fees and it gives convenience because each token is only worth as much so that you don't have to divide each coin even for small transactions. But in terms of technology we all know that Doge is almost left unattended by its devs for a long time. It is only recently that updates are awakened.
Don't be a blind dog of Elon.
You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.
Is this a bad precedent? is it all depends on the status of the person supporting a coin, I'm not a Doge hater but if it has somethign great to offer to the community it should be pumped long ago and not because the richest man in the world is tweeting it, there are a lot of coins/tokens in the market that deserves supports because they have something great to offer to the community, the market has become who supports what coins now scenario.
Im not sure that dogecoin price is somehow connected to btc fees. Dogecoin price is only connected with memes and Elon Musk tweets
you guys are taking pumping so seriously with the stories you build around them for justification which funny enough you forget the moment dumping begins
as long as doge is not used in any place that accepts bitcoin payments, it is not going anywhere past the joke coin status. and the day it starts being accepted as payment is the day that its fees shoots up to at least 10x of bitcoin's transaction fees because the doge technology is the exact same thing as bitcoin's!
as long as doge is not used in any place that accepts bitcoin payments, it is not going anywhere past the joke coin status. and the day it starts being accepted as payment is the day that its fees shoots up to at least 10x of bitcoin's transaction fees because the doge technology is the exact same thing as bitcoin's!
It isn't BTC transaction fee that brought Dogecoin to the limelight it is the influential people who keeps on promoting it to gain price.
If it's just about the transaction fee there are so many other better crypto than to Dogecoin who has stopped on development a long time ago.
If it's just about the transaction fee there are so many other better crypto than to Dogecoin who has stopped on development a long time ago.
Dogecoin will eventually fall. Like it did last time.
There is no relationship between bitcoin's transaction fees and doge's rise, and doge coin's price increases for a different reason.
It is the hype of the elon musk that causes the doge to increase in price, everyone should be careful with this.
It is the hype of the elon musk that causes the doge to increase in price, everyone should be careful with this.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I think it is not the high fee of BTC that brought dogecoin to limelight, it is the constant meddling of Elon Musk that brought Dogecoin to the attention of whales and masses. If it is the high fee of BTC then there is other cryptocurrency that can offer a lesser fee and a faster transaction.
High fees may also play a minor role in all of this although I think that people will just use BCH or something else instead that also has low fees. What does the average transaction with DOGE cost right now?
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I think it is not the high fee of BTC that brought dogecoin to limelight, it is the constant meddling of Elon Musk that brought Dogecoin to the attention of whales and masses. If it is the high fee of BTC then there is other cryptocurrency that can offer a lesser fee and a faster transaction.
Unlike other I also think that higher fees of bitcoin has got nothing to do with the DOGE hype. It's one and only one reason and thats Elon! If people wants to transact then they have better options like Litecoin, stablecoins, TRX, etc. There is no point in using DOGE for the transactions because it is very unstable currency at this point and before you can transfer the money you could actually loose some money. Lolz.
I believe that DOGE is only good for investment and trading. Since it has less value and high volatility, one should focus on DOGE as investment plan only. I have myself earned cool profits right after Elon tweeted 2 days ago. In 22 hours period the DOGE was 160% up, well that was my profit!
I believe that DOGE is only good for investment and trading. Since it has less value and high volatility, one should focus on DOGE as investment plan only. I have myself earned cool profits right after Elon tweeted 2 days ago. In 22 hours period the DOGE was 160% up, well that was my profit!
To be honest, the Doge coin's appreciation in recent days has taken me quite by surprise, but Doge cannot compare or replace Bitcoin.
Doge is a coin with an infinite supply, so its price cannot go too high.
Doge is a coin with an infinite supply, so its price cannot go too high.
You're really mistaken if you think all the pumps that has happened in doge market caused by bitcoin high fee, I mean, if you really eager to make a transaction while at the same time didn't want to spend too much on fee there's so many alternatives that's better than doge with less volatility and if you see the pump of doge coin happens right after elon made a tweet relating to doge and it has been like that since the first time elon trying to talk about doge or crypto in general. If you don't believe, try to find doge hodlers maybe in reddit or instagram and ask them, most of them buying it just out of speculation and trying to make quick buck.
Dogecoin suddenly gained attention because of Elon's sarcastic reference of it. And then it simply went a lot more popular from that point onwards. Many people are now seeing it more than a meme coin which was not even updated for a long time. The cheap fees with Dogecoin has been one of the reasons why the coin is still much used until today. But lately, it is more than just a cheap coin perfect for tipping. It has now also become one of the coins to invest on.
Doge was rounding us for a long time, but I'm glad it's starting to take off. Elon Musk may knows something that we don't know, he plays with Doge and now just to prove its all pump and dump. Keep believing Elon's supremacy, he is the only reason to breakthrough. Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
This is not the reason. It's just the temporary hype I know. Gas fees of bitcoin or ETH, .. can be people complaining about it but not the mastermind of the rockets with Doge. Be careful with this. I think that is just Elon Musk's Plan B. Last time was the same and derived from Elon's tweet, BTC went down to $ 44k while Doge went to the moon. Lol, I hope I don't fall in love with this.
Dogecoin suddenly gained attention because of Elon's sarcastic reference of it. And then it simply went a lot more popular from that point onwards. Many people are now seeing it more than a meme coin which was not even updated for a long time. The cheap fees with Dogecoin has been one of the reasons why the coin is still much used until today. But lately, it is more than just a cheap coin perfect for tipping. It has now also become one of the coins to invest on.
You are missing something. Doge is getting pumped caused by the hype from the big player. You must see elon's tweet about doge. The pump that happened on doge is not having any relationship with the bitcoin transaction fees.
If that was true and then why don't ethereum investors moving to the doge coin? as far as I know ethereum fees is much more expensive compared with the bitcoin transaction fees.
Try to check the fact dude.
If that was true and then why don't ethereum investors moving to the doge coin? as far as I know ethereum fees is much more expensive compared with the bitcoin transaction fees.
Try to check the fact dude.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
There's something you seem not to understand, Dogecoin is not the only cheap to send coin we have in the market. Why would Bitcoin high fee be the reason to make Dogecoin skyrocket? What you are seeing is just a mere manipulation.Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
You still don't get it no altcoin in the market or that will be created in the future will be an optional coin to Bitcoin
Personally, I was attracted by the doge for a long time, and I believed in their success although with their price there was an eternal fever lol, and Elon Musk, of course, raised a wave of noise around the token with his actions
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I'd never seen that, maybe people are considering other options but I'm not sure if they took Doge in replacement. No, probably not and I was still thinking that they stick on Bitcoin and never withdraw their funds. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
If you ever saw that Dogecoins is surging high, that gonna be expected as most of the altcoins now are on the rally, not because of Bitcoin's huge transaction fees but this is because the whole crypto market is in the bullish season. We have to that on the consideration and that is no relation to Bitcoin's fees.
If you are so good at short term speculations then you can be profitable. However your post was created when exactly?
It should be best to write the price of Doge too when you posted this. Because if it was forty cents you are making others buy some irrational top.
In fact, I am not feeling good seeing Doge being this high and I am taking precautions for all my investments. I don't like this kind of madness and I am sure that Doge will later make new All time lows, instead of being a good investment as many noobs are presenting it.
It should be best to write the price of Doge too when you posted this. Because if it was forty cents you are making others buy some irrational top.
In fact, I am not feeling good seeing Doge being this high and I am taking precautions for all my investments. I don't like this kind of madness and I am sure that Doge will later make new All time lows, instead of being a good investment as many noobs are presenting it.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
I doubt Doge price has a connection with Bitcoin fees. Is their any proven chart, did anyone examine this hypothesis? Bitcoin fee has increased so many times but I can't remember I have seen Doge price has doubled while this time, it was almost 8x.
It's been a long time since it's been used for transactions, mostly in casinos because of the low fees if somebody doesn't want to use bitcoin as an option. We feel that it's easier to use it because it doesn't have much value before.
This time it has changed, no doubt that the biggest contributor to its value is due to the hype of Elon Musk. If it retains its current value then that shall be one of the most common crypto in transaction although it's really popular even before.
This time it has changed, no doubt that the biggest contributor to its value is due to the hype of Elon Musk. If it retains its current value then that shall be one of the most common crypto in transaction although it's really popular even before.
You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.
It's purely due to Elon why Doge gain this popularity and reached this amount, I only thought before Elon is just a dog lover why he always uses doge in his tweet since I only bought doge before because of that and when meme turns to be too popular years ago in social media and now it turns out that many of his followers seriously buying it, thanks to Elon those who bought before really get too much profit. 
Bitcoin fees have nothing to do with doge coin and its pure manipulation from the big players. Someone was buying 27 billion doge coin in the past from 0.01 rate and that makes doge got pumped until almost 1 cents and this time more big player was buying a very big chunk of doge coin to be store as a long term investment.
If we are talking about the tx fees and there are bunch of platforms that offered lower fees compared with doge coin.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
I am not sure the high transaction charges of BTCitcoin is the sole reason for the Doge pump, if you look at the entire market every coin that did not rally during this bull run started going up including BCH which crossed $1000 after a very long time and BSV was another coin that rallied when Doge was pumping hard.The art of pumping and dumping has brought Doge to the limelight with the help of shilling by Elon Musk and other social media shills
. Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I am really surprised that people feel that Dogecoin is a utility token and better than bitcoin while its own developer doesn't feel the same. The developer just today said that be smart and stay safe because even they know that Dogecoin was never made to be this highly-priced and neither does it provides any real value over bitcoin. Moreover irony is that even its development has stopped much after 2019 so there is nothing new happening around in the Doge Blockchain from the past two years. I obviously don't know what sort of affiliations Elon Musk has with DogeCoin but you would rarely see a man of such a huge caliber who comments upon real-life issues with excellent logic, puts twitter posts about dogecoin but has never given any solid reason about why Dogecoin is different. Sometimes I feel he is just enjoying the massive pumps and dumps in Doge while he is holding shitloads of Dogecoin. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
the biggest reason Doge rose was because of Elon Musk's influence. he had an important role in making the doge rise. although there are other reasons that influence it too, but it does not have a significant impact. one of them is as an alternative to transfer funds. if only for this reason it would not be possible for the doge to rise as it is today.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
I doubt the price of Dogecoin went up because of Bitcoin high fees, there are ways people move money around now and it is majorly through Stable coins, people see Bitcoin has an investment asset now and will not just part with it, I cherish my Bitcoins and won't trade it for useless and joke coin like Doge and I believe many people hold this believe too
I don’t see that reason as a key factor why Dogecoin is skyrocketing, obviously it was hyped by one the famous people on the planet Elon Musk. I will still stick to my Bitcoin and not stacking Doge, I’m more on foundation of the coin rather than the hyped one I mean they can pump whatever coin they like.
You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.
and one more coin that I found from last year's airdrop, namely DogeYield in my Trustwallet, also came back to life, up about 5000%, all coins under DogeCoin really carried up. it really has a very extraordinary effect. I do not expect it will have an impact on coin die.
to be honest, DogeCoin has shown us some unexpected insanity.
I never heard of DOGEYield, is it just a fork that was airdropped? Should check my wallet then, didn't realize there was an airdrop going on last year.
Is it also actively traded with sufficient volume?
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
No it's not the transaction fees. It's just the hype built by Elon, the influencers, the redditors, and the artists that brought Doge to limelight. There are other faster and cheaper fees than BTC and better by technology than DOge but they are not as popular now.I would rather put the cheaper price to buy as a better reason than lower transaction fees. Newbies who bought recently thinks of it as a cheap investment. They cannot own 1 BTC so they chose Doge instead. Perhaps they are hoping it will be $60,000 one day hehe.
You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.
and one more coin that I found from last year's airdrop, namely DogeYield in my Trustwallet, also came back to life, up about 5000%, all coins under DogeCoin really carried up. it really has a very extraordinary effect. I do not expect it will have an impact on coin die.
to be honest, DogeCoin has shown us some unexpected insanity.
You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.
Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.
Jump to: