I understand Doge being very high and keeping that high spot because it's the OG meme coin, and in the recent times it has reached mainstream with big help from Elon Musk.
But I don't understand Shiba at all. How is its price still so high, and how is it better at keeping its price than so many actually useful coins that you actually need to use for something? Right now it's at 14th place (12th highest non-stablecoin) with 5.7 billion market cap. It needs just few percents more to actually overtake Polkadot, Litecoin and Matic to get to 11th position. It's a coin with no use, it's a copycat of another memecoin, so how is community and holders still keeping its price so high?
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