Elon even said at some point that he's not planning to make his own project. And DOGE was the only memecoins that was created as a pure joke, it feels like everything else was made just to make hype and grab money.
Even DOGE's initial purpose was just a meme coin with no value. DOGE developers never thought anyone would be serious about doge. I think this is due to FOMO and the huge influence created by Elon that pushed the price of doge to the point where it became unreasonable. If you are someone who hits and runs then you can try to get into this doge. But if you want to invest then just let other people play here.