Meme coins are gaining much popularity these days. Doge Coin perhaps got into more hype when Elon took over and rebranded it.
Meme's have attractive features and low price range and high volatility. Maybe for these two reasons they grow up the level of fan choice.
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Indeed! One thing I like about them is that the MC/FDV -ratio is usually 1.0 or close to it meaning no big unlocks on the horizon. 👍
When did Elon take over DOGE? LOL! All he did was promote it. DOGE is an actual decentralized blockchain built on a proof of work network like Bitcoin and Litecoin. You can't just simply 'take over' a blockchain like that.