Doge's mcap is currently higher than AVAX so when I look at this loveable puppy I have a sudden urge to commit seppuku
Market participants.
Right now the most active market participants are the ones that want to buy into a worthless paper meme. That crowd is the majority of on-chain daily retail participants at the moment. It won't last forever (if it does then the entire thing is well and truly fucked and the entire thesis of the space is completely broken - I don't for a second believe that).
Soon (with regulatory hurdles being cleared) - the market participants will shift to the kind of institutions and investors that care about something having meaningful and deterministic fundamentals. There are many places this money will flow beyond just Avax but the meme bubble will absolutely pop in epic fashion one day because a $1B valuation for a community is truly outrageous.
I know what you mean, but that'd be sad, since you couldn't celebrate AVAX being top3 - the day will come! :-D
