Bitcoin high fee has brought dogecoin to limelight

[tarable]

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.

[FloridaKid]

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

[lobo13hf]

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.

[tiCeR]

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?

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.

[Hughes_Ryan]

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!

[MUG1WARA]

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.

[tippytoes]

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.

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.

[SistaFista]

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.

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.

[Sithara007]

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.

[lxiaoh]

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.

[tiCeR]

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?

[revilo]

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.

[tiCeR]

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.

[beerlover]

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.

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.

[revilo]

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.

[Distinctin]

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.

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.

[RondoAnyar]

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

[Synerggy]

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

[Golftech]

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.

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.

[kidbounty]

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.