Bitcoin high fee has brought dogecoin to limelight

[palle11]

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.

[Raytheon]

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.

[Sterbens]

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.

[Yogee]

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.

[tiCeR]

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?

[ecnalubma]

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.

[jacafbiz]

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 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

[Nivia1st]

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.

[teosanru]

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.

[eaLiTy]

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 .

[bitkanu]

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.

[dimonstration]

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.

[jossiel]

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.

[Little 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.

[Altcoinsintel]

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.

[Sled]

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.

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.

[Sophiya]

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

[posi]

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

[asriloni]

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.

[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.