Look how successful Doge is.
DOGE's claim to fame is this, and only this:
https://www.dropbox.com/s/1ur3o01yag8bcmb/god.pdf?dl=0A quick quote from that PDF:
" While dogecoin hits 50-70 satoshis, the truth is, I did not owned 10 billion
doge, but rather a mere total of 4 billion. The amount of holdings I had were
overstated so as to aid me and mask by exit strategy in the near future.
Now, came the part of Jamaican bobsled team. It was a perfect time for
other whales and myself. We signal through buy/sell walls that we are ready
to move. It was a test pump. We wanted to see if the dogecoin community
were gullible enough to think that it was the Jamaican bobsled publicity that
have drove dogecoin prices up. "
This PDF was doing the rounds for a while a year or so ago, and is the only reason why most ALT's (That offer nothing new technology wise) are successful -- through manipulation.
Because the crypto markets are so small, and so few control large quantities of their wealth, these markets are far from "Free" but rather, a victim of greed. Manipulation is oftentimes the only reason why we see coins go from zero to something without warning or a logical explanation. And, as they're small markets, it's relatively easy to do without too much effort, especially if you've got the pockets to do so in the first place.
It's precisely this manipulation that creates a lack of trust in the crypto sphere because it causes the price volatility - keeping the REAL investors away and allowing crypto to be stuck in limbo.
Under the hood, DOGE offers nothing, it is another clone shitcoin and it's only reason why it's maintaining some semblance of value is because the bagholders are still keeping the momentum the whales created going. It's not in their interest to have what they hold hit zero, so they keep the ball rolling. The whales with their manipulation just had to give it the intitial push.
I suggest everyone reads that PDF before they start slandering NEM, because if you're a holder of a coin like DOGE, you're a tool.