Condenser microphones dominate the home recording market. The reasons are obvious: higher sensitivity, wider frequency response, lower price points for entry-level models. A $100 condenser will pick up more detail than a $100 dynamic. For bedroom producers and podcasters starting out, the math seems simple.
The math is wrong, but it takes time to figure out why.
Dynamic microphones reject room noise. They don't need phantom power. They handle high SPL without distortion. They're nearly impossible to break. The SM58 I used in college cover bands from 2003 to 2007 is still functioning. It's been dropped on concrete, beer-soaked, and once accidentally run over by a drum hardware case. The grille is dented. The output is unchanged.