Dogecoin liquidations briefly surpass Bitcoin. New altcoin era?

[YanBitMoney]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin

I think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it. This time won't last long. But a lot of new crypto millionaires will emerge during this period.

[Cryptonesia62]

Agree with you !! If you look to BSC, there are lots of new MEMEs Token that created at the BSC. I don't know the reason, perhaps because of the growing popularity of BSC or because BSC has low transaction cost . Not sure about this, there are still many cheaper fees, such as tron, avax, solana.
Developer of this Memes token, want to follow DOGE but most of them are scammers

[btc-room101]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin

I think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it. This time won't last long. But a lot of new crypto millionaires will emerge during this period.

Not sure DOGE is really a 'meme' maybe Musk marketed as such through his venue and personality.
But Doge goes back 8 years, back in the day when only a few 100 were cloning btc source, today its 9,000, and said to now double yearly; DOGE is really interest having no limit. BTC likes to boast about 21M but that is really bullshit, we're talking about software here, the CCP controls the miners, what SW they running, it would take minutes to bump up the MAX on BTC, and given there are 100's of BTC clones, its not like there really is a limit. So DOGE did a smart thing, they have no limit, counter-intuitive, but allows the price to stay low forever while they take the worlds CAPATILIZATION. Brilliant.

DOGE was clearly well thought out, and surprisingly, even though its risen 450% the past month, it seems to have the nodes to support transactions, albeit I have heard the fee is now $1, note trading at 0.28

The alt-coin is already here, during  this time BITCOIN went down -25% April 11->April 25, most of the alt-privacy coins saw +25%/day, Horizen has sky-rocketed a zSnark coin with real privacy, and 10's of 1,000's of full-nodes that are actually paid to host a node, why can't btc do this?

BTC is now a dinosaur; BTC-CORE has refused to address 1,000's of complaints, and day of reckoning is upon us. Crypto is not dead, its just evolving.

BTC had every chance to create BTC2.0, but they failed, they failed because they became obsessed with 'get rich quick' and GOV compliance, an begat an over priced shit coin with no future.

ETH has also held, you all know that ETH is now back to the ATH, while BTC is still down -20%

Reality is a bitch, when you live in a virtual fantasy world.


Any REAL PRIVACY COIN of MONERO level security well do fine in the future, if BTC doesn't embrace real privacy, they're dead.

Just give people the option, like Zcash does you have a choice to be public, or private on your transaction, but BTC doesn't give a choice, because they sold out to US-GOV

[20kevin20]

@btc-room101 Do you really think Bitcoin is that easy to control andthe CCP would do something like that, considering that Bitcoin could at any given time go through a hard fork to eliminate the controlling party from the network? Makes no sense to think of it this way. Control is easy to eliminate from the network once it's there.

Doge is clearly a memecoin. It's not the first time it pumps although it is the first time it pumps this much, but did we ever have Musk calling it out beforehand? We didn't.. so if Musk calls for a Doge dump, it goes from sky to shit in no time.

There might be an altcoin season we've entered tho.. I tend to agree with that. What I wonder is how long this'll last before an alt bloodbath.

[sunsilk]

Bitcoin was $47k just a day ago or even less than 24 hours but it's already $53k and looking to get on $54k again.

While Dogecoin, it's all time high was $0.41 a week ago and with the correction that we lately seen, it's dropped to $0.26. But for the early investors that have bought below that price, they're still in profit. On the other hand that you're talking about liquidity, if it's about resiliency, bitcoin is always resilient.

[tranthidung]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.

It is one time record and the hype on Dogecoin will disappear gradually.

Ethereum is struggling, really? This altcoin is moving silently and will break out in ETH/USDT very soon. It is slowly moving up and when all conditions are met, this altcoin will rise in all surprising eyes in ETH/BTC pair. Reversed shoulder-head-shoulder pattern is set up.

Bitcoin is the highest trading cryptocurrency in volume and the hot trading of Dogecoin won't last long.

[aysg76]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin

I think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it. This time won't last long. But a lot of new crypto millionaires will emerge during this period.

Dogecoin has seen temporary huge price surge with some influential tweets from Elon Musk and investors shifting their funds from other coins to doge in hope of getting high returns in short span of time.It has gained more than 300-400% within few days and reached its ATH of $0.43.The only who has gained from this are investors holding early because $20k invested in doge would have turn into million.But if you are making comparison with Bitcoin then you should think twice because Bitcoin is unbeatable Cryptocurrency trading above $55k at this time.I have check liquidity for both the coins on CoinMarketCap and here are my results:



It might have occurred at one point where demand was very high but now it has seen dump period and now it has fallen to $0.23 and bull run seems to be finished for Dogecoin.If you are serious about altcoin then check ETH,BNB,DOT,ADA, which have some growth opportunities and strong development team behind the coins and prices will boom soon.

[avikz]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin

I think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it. This time won't last long. But a lot of new crypto millionaires will emerge during this period.

Well, that's a profit booking menace that happened! Dogecoin was constantly promoted by Elon Musk and we all have seen the result. At one time, I regret spending 2000 dogecoins in a cloud mining scam back in early days of crypto.

But that doesn't mean that altcoin era is incoming. Altcoins were always there and have always grown stronger each time bitcoin shown bullish sign. The same trend is still intact. There will be bo separate altcoin era.

[odolvlobo]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.

It's another stupid article from CoinTelegraph. More liquidations doesn't mean more interest or demand. It means that more DOGE speculators lost everything. If (or when) DOGE goes to 0, you will see many many more liquidations, too.

[Iranus]

I always respect Elon Musk because he is a wise and successful man. But sometimes he behaves somewhat stupid, going through the whole crypto market bearish situation last week, but a few tweets from Elon Musk has caused the dogecoin to breakout and lead to New ATH. It is totally insane, I don't see any logic in pumping a coin by influencing it through social media. He is convincing people that he can regulate the crypto market, which is not a good thing at all.

[hatshepsut93]

For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoin

Trading volume is the measurement of trading activity, not liquidations, and on April 24th Bitcoin had 86 billions vs DOGE's 16 billions, so clearly Bitcoin has more interest. Liquidations are irrelevant here, it just means that DOGE's price changed very sharply and more leverage was lost compared to Bitcoin at the same time.

You can only really proclaim an "altcoin era" when alts will become independent from Bitcoin. So far, this never happened.

[shinratensei_]

I think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it. This time won't last long. But a lot of new crypto millionaires will emerge during this period.

Finding the new coins on uniswap to make me rich is a gamble with a very high risk of losing your money due to the dump or rugpull that happened with the garbage coin that is speculated by the buyers.
So many new altcoin millionaires coming since the first quarter of this month.
Altcoins entering the new ERA and people try to believe it. The volume of altcoins meant the trust from the users.
This could be the new era consider people are not seeing it only as PnD coins.

[nelson4lov]

Dogecoin has been gaining popularity lately but its by no means anywhere near bitcoin in terms ov trading volume, market volume or any other reliable market statistics. I'm not even sure liquidations is a good metric to use.

I always respect Elon Musk because he is a wise and successful man. But sometimes he behaves somewhat stupid, going through the whole crypto market bearish situation last week, but a few tweets from Elon Musk has caused the dogecoin to breakout and lead to New ATH. It is totally insane, I don't see any logic in pumping a coin by influencing it through social media. He is convincing people that he can regulate the crypto market, which is not a good thing at all.

My only sympathy go to the people who are blindly buying into Elon Musk's dogecoin shilling. It's not like dogecoin is the most interesting crypto or that it has a lot of features. But one thing remains clear, dogecoin won't be able to be pumped so much since the price and marketcap has been on the high side. I reckon it won't be long before the price corrects.

[famososMuertos]

Everything always in the market depends on how you look at it and analyze the data; now that analysis is consistent with your financial thinking or your "mirage" thinking.

So simple is the mirage that makes you see situations that are not as reflected in the reality.
Then that dOge has the positive data that make it "precious" to a newcomer to the market but does not mean anything to those of us who are convinced of what it is or represent certain crypto currency.

[bitkanu]

This is a new stage for altcoins, it really is. But this is temporary.

When there is a coin getting pumped so hard and there so many people from the major coins will be also moving to this coin to take the opportunity.
It's also happening with XRP in the past that was surpassing the liquidity of bitcoin but after they have done with the pump. They will be moving back again to bitcoin.
This is a short-term hype.
The big liquidity on doge coin doesn't mean the new era for altcoin but I should agree if altcoin gets more consideration.

[Ozero]

I always respect Elon Musk because he is a wise and successful man. But sometimes he behaves somewhat stupid, going through the whole crypto market bearish situation last week, but a few tweets from Elon Musk has caused the dogecoin to breakout and lead to New ATH. It is totally insane, I don't see any logic in pumping a coin by influencing it through social media. He is convincing people that he can regulate the crypto market, which is not a good thing at all.

Drawing attention to cryptocurrencies like Dogecoin has always only had a temporary effect. This coin has experienced several price spikes due to Elon Musk's actions, however I see no need to invest in Doge.
Some altcoins are actually performing well right now. Bitcoin with its unprecedented price growth has drawn people's attention to cryptocurrency. Also, the ongoing coronavirus pandemic and the real threat of, if not a global economic crisis, then an all the same high inflation rate of national currencies create the necessary prerequisites for people to invest their capital in cryptocurrency.
The high price of bitcoin serves as an additional risk, which is why investors are looking for promising altcoins. Therefore, in general, cryptocurrency should grow and develop.

[Kabul]

I suspect that people investing doge care about the technologies or what ever meaning of blockchain. They only want to be rich and that is why the number of buyers are way beyond sellers. Therefore, when the party is over, people will sell doge drastically and people who on the top will be the ones lose most.

I will only buy doge when it is below $0.1.

[blue_nexus15]

Dogecoin has seen temporary huge price surge with some influential tweets from Elon Musk

A, Though I think Doge had excessive satire at this stage. But overall, it is not "temporary". Lol, The data shows it has been steadily rising since January, and through to the latest ATH of $ 0.4. That is a surprise. Doge(Meme) is showing trust and recognition for the inheritance of entertainment privileges all over the internet, the community they have in abundance all over the world.

[TastyChillySauce00]

If it's just doge that does that, I doubt it's truly alt era, doge got shilled hard by elon and surpassing bitcoin in liquidation didn't surprise me since it's just how hype really works. I think altcoin era gonna be really coming only if the altcons that are pumped aren't just some meme coni but other promising coins aswell.
Just wait until the other coins such as BNB and ETH reached new height of liquidation and market cap, by then we can assume altcoin era is coming.   

Agree with you !! If you look to BSC, there are lots of new MEMEs Token that created at the BSC. I don't know the reason, perhaps because of the growing popularity of BSC or because BSC has low transaction cost . Not sure about this, there are still many cheaper fees, such as tron, avax, solana.
Developer of this Memes token, want to follow DOGE but most of them are scammers

Yeah mostly those are just money grabs or pump and dump coin, even it's not rare for some of the developers of such coin to pay people just for shilling.

[cryptoaddictchie]

I think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it.

Not all tokens that listed on uniswap are bigtime they can eventually scam people by putting up a fake liquidity and share some on twitter and telegram and tomorrow after that. You cannot stop these guys but altcoin era will mostly the profitable group here. I've seen a lot of these kind of bots.

Honestly the doge case is quite more a bit early. Elon Musk as we know it he always here not even thinking the dinner later.