Here's the fomo.
Bitcoin did not have any of the infrastructure that it now has. It had no way of connecting to real payment systems, people said it was a joke, etc. So, at one point in time, these flavors of coins were all quite similar.
Now, bitcoin has done the hard lifting on crypto development, The platforms already exist, and the connections are already there.
They can just plug in doge, which some platforms are doing.
At this point, picking crypto is not extremely different than the color of money. All fiat Money is just as worthless as crypto, it's the structures behind them that makes them worth something.
I believe there is space for new crypto, because the LITTLE PEOPLE can't get in on the established expensive cryptos.
There is no inherent value on crypto, so it's one giant slot machine lottery system. Now, you've got a system which increases the value of the lottery, but ALSO the cost of the tickets. At some point, you end up with stratified lotteries, one for rich people that is priced out of the poor people's market.
Poor people, especially today, WANT to participate, but they can't afford the tickets for BTC. They want to play slots too. This is where I believe the opening exists.
Market cap isn't an issue as long as people want to play Doge. The algorithm can be changed.
Also the value isn't the market cap, there's alot less total money in the system than the market cap.
What differentiates doge from other random cryptos. Popularity, that's what makes the difference on BTC, and Etherium. There's no hard mechanical barriers that can't be reworked.
You can't predict for certain which one will be popular, but Doge popularity is at the door right now. (SO IT SEEMS).
Fomo'n hard right now.
Disclaimer, TP4 has not (YET) bought any doge. But it's compelling looking at the reddit frenzy.
This is not a traditional investment, this is slot machine logic.