Dogecoin has gone through many years and this is the best dogecoin year and the price has reached 140sts. But at present dogecoin prices are very low and big investors are abandoning this altcoin to invest in another altcoin that can help them make a profit.
Dogecoin supply is too high so it's unlikely this coin will ever reach high prices...
You right the supply is high but if demand meets like it did when it went to 180sats you never know