Do not compare Dogecoin with Bitcoin, because they are very different from the two. Never mind don't make Dogecoin a threat to Bitcoin,
this does not mean that the trading volume of Dogecoin is high and the price has risen dramatically, which could make Bitcoin a crisis.
This is wrong thinking, Dogecoin's increase was only because of the hype that occurred because of the tweets by Elon Musk, so many people
became panicked buying. Meanwhile, Bitcoin has very strong fundamentals, because many institutions are investing in Bitcoin in the long term.
So I think investing in Bitcoin is much safer, than choosing to invest in Dogecoin.

Many people might be riding the DOGE wave; that's why many people are trading DOGE now and not a different coin. Most people are doing crazy things with their money, like investing in DOGE, but if you can take advantage and profit from there, why not?

There's no way it can overtake BTC. Trading volume can or percentage increase in price for a shorter timeframe, but I don't think so in the long term.

It will never happen even if Musk is still alive, who knows but I said it again this isn't a sustainable growth and I am condoling those who will bought at the top and cry later on if they get -50% or more from their portfolio.

The bear market is already part of the crypto cycle and we shouldn't feel afraid of it but rather take it as an opportunity to buy and accumulate crypto at a low price. There's a season for everything and this kind of season isn't new to us since it could literally happen after the bullrun. People see a huge potential in Doge coin which in fact, it isn't as functional as other altcoins so I don't think it could replace Bitcoin that easily because it still has a lot to prove. It's pumping because of the hype from the influential people.

I dont see any crisis at this moment, we are just seeing random untruthful FUDs, which is just dragging down the BTC price. The BTC dominance had reached the crucial 50% mark but because of the BTC FUDs, many people went back to BTC from their alts and the dominance is back to 51.7% and we are seeing some red.

I think the OP here wanted to spam the DOGE roll and named a crisis by himself..

After the impressive rise, the strange thing would be that there was no major correction. But now that so many institutions are entering btc, the strange thing would be if there weren't at least a couple of good years ahead

If you check Dogecoin position at CMC or Coingecko, you see the position now is down and USDT takes back the position in number fifth. Dogecoin now competes with ADA and I do not think that Dogecoin can defend the position from ADA because the gap is not too far. But we will see what will happen later and if Dogecoin can get pump again, maybe that can help Dogecoin increase and back to the fifth position.

129,279,689,645 DOGE


18,687,562 BTC

Do you actually believe anything you write? Or do you just assume everybody is an idiot?

https://coinmarketcap.com/

There are 129 Billion doge held, and there are only 18M btc held

The majority of large holdings of BTC is just a few whales, and pre-miners; On the other hand, because its affordable ( 0.03 cents ) Doge, is the ultimate stimmy-check crypto

The majority of little guys hold less than 0.05 BTC, the majority of littles guys on DOGE hold millions

The reason that BTC went parabolic post fall 2020, is because rich-guys like MUSK bought billions of dollars to fund their financially failing companys, now that BTC has corrected 20% guys like Musk have paper losses, that need to be covered.

BITCOIN is #1 shitcoin, today Doge #6 shitcoin, when it hits $25, it will be par capitilization with BTC, meaning it will be MORE valuable that shitcoin #1, then DOGE will be shitcoin #1

All crypto is shitcoin, because all is pushed by scammers, and common criminals

BTC is boring for robin-hood traders, who just got another stimmy-check

They don't bother with BTC, and do what with their 0.05BTC? Trade? and lose 0.01 on every trade on fees? BTC is a scam ran by exchanges, & 'trading' houses. ( I really that that all exchange are in on the 'trading' scam ), where 90% of all traders lose their principal the first month.

On the other hand with Dogecoin our stimmy boy can buy 40,000 Dogecoins at todays price at 0.03 cents.

So honestly, with your thinking hat on, what are they going to buy? The thing that get them 0.05, that has no use? Or the thing that can turn their $1200, into $52k so they can buy a BTC?

Hell, at todays price DOGE is the true HODL coin, it only has to go to $100, to make our boy $200k, and if it goes to $500, he is a MILLIONAIRE