A question

[FlamingFingers]

Why after almost 4 years has Dogecoin pumped reasonably hard? I mean in the past four years, its price was always around 18-22 satoshis, but in this year specifically, it has pumped up to 83-86 satoshis, which is 300% profit for holders. What is the reason behind that pump? And why now?

[ratatatat]

What escaped most people:
Dogecoin after Bitcoin has the largest userbase and on-chain-traffic. It's pretty much the only altcoin that has a real and solid userbase.

Hashrate is reasonably high, it held a somewhat decent marketcap troughout and never had any problems with contentious hardforks. It had to happen. Actually doge should be one of the coins most deserving of a pump. I think your question is strange. Did you not see that coming?

From looking at the fundamentals this was clear as day - and it'll happen again and again. Doge isn't going to die anytime soon.

[FlamingFingers]

What escaped most people:
Dogecoin after Bitcoin has the largest userbase and on-chain-traffic. It's pretty much the only altcoin that has a real and solid userbase.

Hashrate is reasonably high, it held a somewhat decent marketcap troughout and never had any problems with contentious hardforks. It had to happen. Actually doge should be one of the coins most deserving of a pump. I think your question is strange. Did you not see that coming?

From looking at the fundamentals this was clear as day - and it'll happen again and again. Doge isn't going to die anytime soon.

I know – Dogecoin is the most used altcoin after Bitcoin due to its relatively stable small price. It became an awesome way to tip people or transact a small amount of Bitcoins without high fees. I know it deserves a pump, but why not last year? Why not two years ago? Why specifically now? Is there more demand, development processing, or adoption?

[Febo]

Why after almost 4 years has Dogecoin pumped reasonably hard? I mean in the past four years, its price was always around 18-22 satoshis, but in this year specifically, it has pumped up to 83-86 satoshis, which is 300% profit for holders. What is the reason behind that pump? And why now?

3 years ago Doge was 200 satoshi.
Right now coins gets pumped from no reasons at all. There is just way to much money entering Cryptospace and since space is so underdeveloped, they enter coins with not much value. But it seems works for them so far.

[davhek]

Everything is getting pumped, so is dogecoin. You just cant miss these days.

[Emoclaw]

It's one of the oldest "good" coins. It started very strongly because it was a trending meme. Such coins that stay alive are being pumped from time to time and some people profit.
Other than that, there's no actual reason for it to pump, the coin is abandoned by the developers.

[ratatatat]

What escaped most people:
Dogecoin after Bitcoin has the largest userbase and on-chain-traffic. It's pretty much the only altcoin that has a real and solid userbase.

Hashrate is reasonably high, it held a somewhat decent marketcap troughout and never had any problems with contentious hardforks. It had to happen. Actually doge should be one of the coins most deserving of a pump. I think your question is strange. Did you not see that coming?

From looking at the fundamentals this was clear as day - and it'll happen again and again. Doge isn't going to die anytime soon.

I know – Dogecoin is the most used altcoin after Bitcoin due to its relatively stable small price. It became an awesome way to tip people or transact a small amount of Bitcoins without high fees. I know it deserves a pump, but why not last year? Why not two years ago? Why specifically now? Is there more demand, development processing, or adoption?

currently everything is pumping. There were some smaller pumps occasionally. Actually it pretty much pumped once every year (might continue to do so?). This current pump could have been noticed in mid march when it left its very straight and clear downwards-channel. If you look at 3-year-chart there's a clear pattern there.

It's one of the oldest "good" coins. It started very strongly because it was a trending meme. Such coins that stay alive are being pumped from time to time and some people profit.
Other than that, there's no actual reason for it to pump, the coin is abandoned by the developers.

"abandoned by dev" lmao
Doesn't matter in this case. It's open source. "The dev" can suck it. Doge is better off without Palmer.

Doge is just a Litecoin-clone without much of inovative ambition. Therefore doesn't need a highly skilled dev. It's just copy/paste from Litecoin. Dev isn't so important in Doge.

Community and brand > dev

[Viper1]

Why after almost 4 years has Dogecoin pumped reasonably hard? I mean in the past four years, its price was always around 18-22 satoshis, but in this year specifically, it has pumped up to 83-86 satoshis, which is 300% profit for holders. What is the reason behind that pump? And why now?

No, it's price isn't always around 18-22. Go look at a lifetime chart. Doge goes through cycles pretty much "yearly" that has allowed people to at least double their money every time.

[maku]

It's one of the oldest "good" coins. It started very strongly because it was a trending meme. Such coins that stay alive are being pumped from time to time and some people profit.
Other than that, there's no actual reason for it to pump, the coin is abandoned by the developers.

Exactly. Doge started as a joke and as every joke/meme it had huge support from the community, people like fun stuff.
After the initial euphoria passed people still think it is fun to own DOGE and tip each other, but his coin has no future.
Infinite supply killed it IMO.

[ratatatat]

It's one of the oldest "good" coins. It started very strongly because it was a trending meme. Such coins that stay alive are being pumped from time to time and some people profit.
Other than that, there's no actual reason for it to pump, the coin is abandoned by the developers.

Exactly. Doge started as a joke and as every joke/meme it had huge support from the community, people like fun stuff.
After the initial euphoria passed people still think it is fun to own DOGE and tip each other, but his coin has no future.
Infinite supply killed it IMO.

"infinite supply" is reasonably small. Other coins with "limited supply" have much higher inflation. The rate of inflation is more important than wether there's a hard cap or not imo.

Go on steam forums or just about any other forum on the web unrelated to crypto but related to geeks or tech or games; there will always be members with the doge as an avatar. It had very good reach.

[Shiroslullaby]

I still see tons of gambling sites like dice etc that use Dogecoin.
People use it to store money during times of volatility since it has a pretty stable price.
Quick transaction times and still has a pretty large userbase.
Price may still go up a bit in the long-term.

[ahmedjamal1998]

Well the question "why" is considered weird in the crypto world

Tell my why are all the alts rising like crazy rockets in very short spans ?
This also goes for btc. Why is it rising?

Well if you're talking about Doge itself, I still don't have an answer. It kinda always has a stable price and even devs no longer care about it (it was for fun )

[jeraldskie11]

Why after almost 4 years has Dogecoin pumped reasonably hard? I mean in the past four years, its price was always around 18-22 satoshis, but in this year specifically, it has pumped up to 83-86 satoshis, which is 300% profit for holders. What is the reason behind that pump? And why now?

You know, at the past four years, there are many country are not accepting bitcoins or altcoins which they turn banned on it. So the investors are not too many because of that. And after that, some countries are trying to adopt bitcoin as a currency like japan so that investors in japan will join bitcoin or altcoin then invest for it, that's why the dogecoin is pumping hard.

[NoiseBoy]

We're in a raging bull market; the rising blockchain tide raises all ships, regardless of how seaworthy they are.