Promising? In what sense? Is it right to say that a pump and dump coins where
Dev had abandoned with no actual roadmap or whatsoever nor give a new innovation in the table a promising one?
With 101 addresses holding the 67.7% can go either way. If these people decided to lock their coins, then that is 67.7% fewer coins in circulation (which is very unlikely to happen), the action can bring scarcity to the overall supply. But then if they decided to dump then that will be a huge disaster.
You are correct. Changpeng Zhao called Dogecoin
"the most successful and measurable joke in human history", and rightly so. Dogecoin was originally created to mock the whole idea of cryptocurrency and now it is the 5th largest cryptocurrency in terms of market cap. And during the last 4 months, DOGE exchange rate (vs USD) has gone up by more than 100 times, while that of BTC has increased only by 3 times. This is what hype can do in cryptocurrency market.