Price is based on the demand. And with the Dogecoin being endorsed by Elon Musk, I believe it actually just forced the demand now making it a hype trade. Traders who consider Dogecoin should be extra cautious as this is bound to crash if people who joined the hype starts to pull out their money. This same goes with other alts as well like BNB which is currently hitting it's all time high in the past days. One thing to take note in mind when trading is that you can not just have a lucky trade and get big profits without proper knowledge. We must have an exit plan in order to secure the profit because any market is bound to crash due to different factors. It may be at a spiked up price now but we do not know until when this uptrend price will be.