1. **Active Community**: Dogecoin has a very active and passionate community. This often leads to a lot of online activity and support for Dogecoin, which can be attractive to people who enjoy being part of a lively and engaged community.
Most of this community is just waiting for a new mention from Ilon Musk.
2. **Fun and Friendly Image**: Unlike many other cryptocurrencies which have a more serious and business-like image, Dogecoin was created as a fun and friendly alternative. The Shiba Inu dog meme as its logo has helped it to stand out and attract people who are drawn to its light-hearted approach.
It used to be before Musk ruined the image of this coin and associated DOGE with yet another manipulation.
3. **Accessibility**: Dogecoin is often fairly cheap to buy compared to other cryptocurrencies like Bitcoin. This makes it more accessible to people who want to get involved in cryptocurrency but don't have a lot of money to invest.
What a difference, bitcoin and DOGE can be bought anywhere for $100 and it will be an equally affordable purchase despite bitcoin costing many times more.
4. **Potential for Growth**: While Dogecoin started as a joke, it has shown significant growth and has been embraced by a number of high-profile individuals and companies. This has led some people to believe that it has the potential for significant future growth.
Without Ilon Musk, the growth potential of this coin is quite weak.
5. **Tipping and Small Transactions**: Dogecoin has been used as a form of tipping content creators on the internet. Its low value per coin makes it ideal for these small transactions.
On exchanges, it is already a highly unprofitable coin for transactions.