Topic: Fundamental reason for DOGE to go above ATH (Read 107 times)
Doge is a joke coin) but he has a practical application, namely cheap transactions between exchanges
The fundamental reason for doge coins to go above ath is simply because of that it is joke coin 
It is making a joke, I really cannot see a reason
It is making a joke, I really cannot see a reason 
DOGE is cheap. People are clearly looking for ways to move coins. To move VALUE. Bitcoin could not give this because take a lot of time and is expensive. I think every coin that shows that they could move VALUE between different people and exchanges will get their ATH. RIpple, Dash and now DOGE.
Recent Dogecoin pump on Poloniex took this coin (which by the way was called "a joke" by its own creator) to all-time highs in US dollar value.
I assume this price increase happened due to large Bitcoin mempool. Let me clarify - people do not want to wait tens of hours for BTC transaction confirmation and pay ridiculous fees for that. Some of them, therefore, decide to use "good old DOGE" with almost instant transaction time and extremly low transaction fees comparing to Bitcoin. This drives the demand for DOGE and price goes naturally up. My assumption is backed by rising number of transactions in every DOGE block.
Dogecoin could easily go even higher considering above mentioned situation. Anyways, DYOR!
I assume this price increase happened due to large Bitcoin mempool. Let me clarify - people do not want to wait tens of hours for BTC transaction confirmation and pay ridiculous fees for that. Some of them, therefore, decide to use "good old DOGE" with almost instant transaction time and extremly low transaction fees comparing to Bitcoin. This drives the demand for DOGE and price goes naturally up. My assumption is backed by rising number of transactions in every DOGE block.
Dogecoin could easily go even higher considering above mentioned situation. Anyways, DYOR!
Jump to: