A) it is a meme coin
1- It was created as meme coin in days when there was not that much projects. Collected great community, good devs, and is now a better product with better adoption than 99.99% of serious coins. As I stated (funny you did not refer to that):
3- Doge is one of 3 most used coins on crypto casinos and similar sites
4- Doge is one of 5 most often available coins if you want to use crypto as payment
B) Dogecoin produces 10,000 coins per block at a rate of roughly 1 block per minute. That's around 14m coins per day! Maybe you like your wealth's dilution.
14M daily. 5B annually. Seams a lot ... but its not about number of new coins in terms of wealth dillution. Its about % of inflation. 129B is doge circulating supply. 5B is only ~4%. Close to BTC inflation.
C) good luck when Elon decides to sell a stack, God bless you then
I dumped my doges ~60 sat. Will buy back at 25 again. As I said. Its short term overvalued compared to BTC. But i would be more comfortable being exposed to MUSK dump rather than being exposed to DBC team dumping 70% cois that are not in circulation right now.