Partly,
“Jackson Palmer, the founder of Dogecoin (who has since left the company), told CoinDesk that “it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $1B+ market cap.” “
http://fortune.com/2018/01/08/dogecoin-hits-all-time-high-2-...