Why DOGE all of a sudden? It's not like crypto users split into two separate teams: doge and btc. At least I don't think that's happening.
One of the main reasons for negative feedback on Bitcoin right now may be high fees and hung transactions, people tend to get angry about it.
Also, it may be caused by newcomers, who purchased Bitcoin on hype and now feel disappointed because it's not quite what they expected. Especially decreasing price and, once again, the fees may frustrate them.
It's because of MUSK, IMHO it was a joke, he knows BTC is a joke, so he sent DOGE to the 'moon', at $7.50 DOGE will be more valuable than BTC in Capitilization
To $3 will be easy, after that to $7.5 will be easier,
All the 'stimmy people' will see this, and the average holder of BTC is 0.05, so its not like the 'doge' people contribute to the fall of BTC
BTC is going down cuz, MUSK and other whales are taking profits after six months of parabolic gain
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I dont' own DOGECOIN, just stating the obvious.
It's easy, just like penny stock, for a coin to get 0.3 to $3, its impossible for BTC to go from $55k to $100k in the near future, but highly like Dodge will go up 25x, and thereby bypassing btc