Dogecoin is meme coin and has potential to be top three coin. Dogecoin is number #4 now, Doge has high demand and very potential to grow.
I believe this coin has high demand and big community, I have seen at social media, many investors have share about doge news.
I agree with some of the things you have said, but not all. For Doge to reach third position, it would have to almost double the total capitalization it has now, and that would be almost $1. I'm not saying it's impossible, but after the price drop in the last 48 hours that goal is still far away.
of course, I see mate.
It will take several along time to be top three coin, because we all know Ethereum and binance coin are still superior.
But as you said, everything can happen at crypto space.
At several last year, we saw doge coin is nothing.
After Elon musk tweeted about this coin, many people already invested and the price went up. Several people said it's just fomo.
Doge has correction now, but I believe it will soar soon.
that's just my prediction and opinion, maybe others have better analyzing.