My question is: how can a shitty coin with no real use and purpose get so many traction? Speculation is a strange fact in crypto
The answer is simple.... Popularity.
Dogecoin is owned by some anonymous people and I am thinking that it it popular anonymous people because whenever it wants to fade into the background, someone would just start hyping it again and it would be ressurected, it doesn't matter if they have made any developement strides in recent times, all that matters is that they have a very strong community support and CZ said exactly that when doge was listed in Binance.