Can Dogecoin become the new BTC?

[fuguebtc]

Is it possible that dogecoin can beat BTC after Elon musk takes over Twitter? Imagine if Dogecoin is well accepted throughout the world then BTC wouldn't this makes Dogecoin the new coin? This might sound too crazy to dream about but that Elon musk guy can make anything possible.

This kind of comparison does not seem logical at all. A meme coin can never take the place of BTC. Currently Elon Musk is the top businessman in the world who constantly finding new business. There is no reference where he is the owner of Doge coin. Trader and investors just assumed that he may be the owner. So in this situation we can not claim it. If he tries, he can take its position much higher. He can also create utility tokens from Meme tokens. However, it is not clear whether there are any such thoughts at the moment.

Assuming Elon is the father of doge, he can't bring doge to replace bitcoin. He's a billionaire but that doesn't mean he's powerful enough to do anything, should keep in mind that even a government that doesn't like bitcoin can't do anything with bitcoin let alone Elon. What a lame comparison, doge is a meme and it doesn't have any utility or application, while bitcoin is the father of crypto industry and all coins today are due to copy and edit from bitcoins that are generated.

[udidrone]

while doge is clearly big in name due to manipulation and until now many of the holders are disappointed because of previous events. it is indeed difficult to replace bitcoin, even ethereum I think is very difficult.

The doge name was big even before the market manipulation that caused some people to lose money. I see the main reason because before that doge was often used in several platforms, competing with trx as a transaction solution. I began to lose interest in doge since experiencing unnatural price movements, plus several parties interfered in influencing doge price movements in the market.

[poodle63]

Is it possible that dogecoin can beat BTC after Elon musk takes over Twitter? Imagine if Dogecoin is well accepted throughout the world then BTC wouldn't this makes Dogecoin the new coin? This might sound too crazy to dream about but that Elon musk guy can make anything possible.

how about it, this clearly makes me fantasize about the price of Doge,
right now the price of DOGE has gone up more than 1000% what if DOGE does pass the marketcap of Bitcoin?
haha of course this makes people rich, indeed in terms of technology DOGE can be said to be good, and deserves to be next to Bitcoin,
but to become and replace Bitcoin of course NO

even in terms of technology dogecoin falls behind, it isn't even a smart contract, the current valuation was driven by elon and elon alone, you could say doge is gaining great and tremendous valuation increase but without elon musk doge coin is just the same shitcoins out there. ethereum is just far better in this term and the fact that ethereum has now become the 2nd highest by market cap alone likes speaks for itself. basically speaking from technology, doge just doesn't cut it to be the new BTC, it couldn't even competes against ethereum.

[KennyR]

while doge is clearly big in name due to manipulation and until now many of the holders are disappointed because of previous events. it is indeed difficult to replace bitcoin, even ethereum I think is very difficult.

The doge name was big even before the market manipulation that caused some people to lose money. I see the main reason because before that doge was often used in several platforms, competing with trx as a transaction solution. I began to lose interest in doge since experiencing unnatural price movements, plus several parties interfered in influencing doge price movements in the market.

The market of doge is something hyped. We can't say dogecoin isn't a potential asset, it is an asset that isn't well used. Because, to sustain in the market for such a long term when more and more cryptocurrencies reach the market and gets out shows its strength.

The slow and steady growth have already provided investors the best ROI, but the hype made it more popular and took it to the next phase of growth. However there is no big movement further as the development in terms of real-time usage isn't that big. Somehow few stores have begun to accept doge and Shiba after its hype in the market.

[TheGreatPython]

Let alone meme coins like Dogecoin becoming new BTC, even ETH which is the best altcoin is unlikely to become new BTC. In fact, there have been lots of new projects created to replace BTC, but all of them ended up failing. Because Bitcoin is too strong to beat, so Bitcoin is like a mother to other cryptocurrencies. No matter how big Elon Musk's influence is, it's impossible for Dogecoin to overtake Bitcoin,  even I'm not sure Elon Musk is able to return Dogecoin to ATH prices.

There is only one btc, that is why it cant be replaced anymore. Any coins next to btc are only just an altcoin and only the altcoins have the permission to compete with each other. If there are projects with a vision to replace btc, that owner must be out of his mind. He don't have a respect to the one that started it all and I am sure that investors will avoid his project in an instant after knowing his intention.

It will be hard for elon to hype doge again to its ath because he already lose a lot of followers but it wasn't the dogecoin that lost the trust of the investors but it was Elon because they know that Elon is only using the coin for his own good.

[Abiky]

Doge coin's purpose is too different from Bitcoin. Bitcoin has shown lots of improvements and achieved a lot for years and Dogecoin has just struck high because of the hype. The difference is too visible. These two aren't even comparable because Bitcoin is well-established and known to be the father of all coins while Dogecoin was just manipulated by Elon Musk. Dogecoin will never be the new BTC.

Yes. But most people are following the hype, so they don't care to pour money into Dogecoin like crazy even if that will make them go "rekt" in the long term. It's surprising to see how one man can have a huge influence over the entire crypto/Blockchain industry. A positive or negative comment from Elon Musk can either lead crypto to the grave or all the way to the moon. I hope this doesn't last forever, or crypto will be doomed.

All in all, I believe Dogecoin will exist for generations because it's one of the oldest cryptocurrencies with a large community backing it. But its price might not be the same decades from now (probably less than a cent). There's more to crypto than just Dogecoin, so I'd suggest anyone to explore the whole crypto/Blockchain space in order to get the most out of it. Just my opinion

[Juwel580]

I do it is not impossible.  Because in the current situation of BTC, it seems that very soon the price of BTC will come down to 6 thousand.  And Doggy Coin's supply plus holding is good.  Doggie can pump coins there  However, if BTC is down, the crypto market will be reversed.  I think Dougie Coyne is the next best holding token.

[Queenboss]

Is it possible that dogecoin can beat BTC after Elon musk takes over Twitter? Imagine if Dogecoin is well accepted throughout the world then BTC wouldn't this makes Dogecoin the new coin? This might sound too crazy to dream about but that Elon musk guy can make anything possible.

I don't see that happening. The impact of Elon musk in cryptocurrency is over - rated. We need to understand that it takes much more than acceptance through out the world to get the best out of a coin. Dogecoin at its best was used for a pump and dump scheme and most persons who entered at the wrong time are full of regrets.