Bitcoin high fee has brought dogecoin to limelight

[blue_nexus15]

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.

[onecall123]

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.

[bittick]

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.

[acdc]

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.

[so98nn]

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! 

[BitcoinPanther]

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 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.

[revilo]

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 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?

[J1mb0]

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.

[buyandhold777]

Dogecoin will eventually fall. Like it did last time.

[acener]

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.

[BitcoinHodler]

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!

[larus]

Im not sure that dogecoin price is somehow connected to btc fees. Dogecoin price is only connected with memes and Elon Musk tweets

[aioc]

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.

[Fundamentals Of]

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.

[Vishnu.Reang]

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).

[masterrex]

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 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.

[aprilnot]

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.

[meldrio1]

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.

[akirasendo17]

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.

[Gheka]

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