If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.
Why it survive? Because theres still demand to it and yes this is same as old with bitcoin but basing of on its entire supply then its understandable on why it do have that kind of value
and also DOGE is known to be a meme coin but people do still make use of it and mostly useful when we do gamble if we do really like to enjoy gambling even more yet
we know that value isnt really that big and would still have lots of coins to spend on.Aside from gambling aspect, there are still believers of this project.