Low demand + unlimited and large supply. because it is a doge defense, and maybe I think doge is the best-selling coin in the world of gambling, almost all of them use doge, and that's just my opinion
to survive long-term doge has market power. many use this coin. I think doge is quite popular, but for trading and investing this coin is not suitable. some traders I think often use it too, but only as an asset to withdraw from one exchange to another.
Traders use dogecoin as their asset and hold for the long term, and they will not sell their dogecoin if the price is not more than 100-150 satoshi. The last high price we already see that show dogecoin can increase to the higher price, but now, the price is back to the lowest price again. But I am sure that the price will have the time to rise again, and once that happens, traders will make their big profit again.