Who would have thought? Dogecoin (DOGE), laughed at by the crypto community for ten years, is quietly challenging Bitcoin's dominance in payments.
First, let's look at a few facts:
Moscow street vendors accept DOGE payments, 6 seconds faster than Visa;
Young streamers prefer to receive DOGE tips, simply because Bitcoin's transaction fees are too high;
Musk has transformed the X platform's payment system to support DOGE.
I understand, many people were trapped last year when they didn’t sell at $0.7 and now feel a headache seeing DOGE. But this time the situation is indeed different, let me explain three points:
First, Musk is playing a big game. In 2021, he raised DOGE's price through his statements, which is not just for fun—there are three times as many DOGE interfaces in the X platform's code as there are for Bitcoin, indicating it was planned early on.
Second, DOGE is capturing Bitcoin's market. While Bitcoin miners are still competing for a reward of 6.25 coins, DOGE has quietly taken 30% of Litecoin's hash power. Its fast transaction times and low fees make it suitable for everyday payments; ordinary people simply do not care about complex smart contracts.
Third, a turning point may come in 2026. While Bitcoin's price remains highly volatile, DOGE is ready to make a move: the X platform is fully opening up payments, directly targeting PayPal's 340 million users; it could disrupt cross-border remittances in Africa, breaking the high fees of traditional financial systems; more importantly, in the hash power leasing market, DOGE can be used to purchase AI services.
A reminder for newcomers:
Don't invest more in DOGE than you can afford to lose;
Be cautious of projects called 'Las Vegas Killers' or 'Dog King II', many of which have fake founders.