What you're saying is basically true, but I think the financial competition is more interesting than you're getting at.
Part of the BTC/doge value proposition is waking people up from brainwashing by saving in a currency that every adult is encouraged to fully understand. Monero's supply audit process is so much harder to understand, it doesn't offer that same advantage for savings.
The extreme difference in speculative growth matches an extreme difference in deserved market share in a potential post-dollar world, where hard money has replaced savings accounts.
The Monero community could add cancelable timed transactions to manage inheritance, which would be unmatched by Bitcoin and doggie. Also more suited to a "privacy coin" even if the other coins wanted to copy it. That would make it a more competitive offering to expect a lot of people using for savings in the future.
Then the "ASIC resistance" might still be a problem. If privacy coins start being taken more seriously, Monero could still lose to a Monero fork with a different mining algorithm. That could be seen as better for hashpower, or for privacy itself.
There are also a lot of outsiders who are suspicious of Monero and its community for overhyping its level of privacy. That factor might always make Bitcoin and doggie coin more successful in the value growth game. To fix that, we might need to fix global cybersecurity itself.