The era of shitcoins is fading away and there are alot of heavy funded tokens/coins being developed it is expected that these old tech will disappear in the future.
If that is the case, then you are predicting a market collapse because of the hundreds of coins on the market, how many actually server a purpose or used daily by people other than traders?
The era of shitcoins only began in the last few months.
Doge to me has more "street cred" as a coin than 85% of the actual coins on the market, even though it also serves no purpose, it has a few things going for it, nostalgia, resilience and uniqueness with a small clique of followers around the World.
Not saying it is a good investment at all, but there have been and will be plenty more shitcoins to come and die a slow death while Doge will always be there.
That in itself gives it some intrinsic value.
If this goes below 20sats dice sites would consider delisting the coin which lowers the trading volume. bitdice did consider it delisting before cause for long-term investors its not worth it