Most investors? Are you sure?
I don't think it is true, mate. Only a few people follow the hype of Elon tweets, most experienced investors aren't interested in following the hype. They prefer to buy top coins that have more value and supported by strong teams. While Doge has no strong team and seems not really promising to buy for a long-term holding. So, how can most investors prefer to buy a coin like Doge? It is not true.
Agreed, investors are only attracted to top coins and if they follow the hype just for short term take profit, then leave them and never hold that coin. The top coins are the right choice and are more guaranteed to last in the long run because they have a strong team to build better projects in the future.