There is no real use case other than as a meme, it is used as a pump dump coin from whales. painful enough, but even $1 is a pretty tough number to doge. Unless they make a breakthrough and get Doge into a great use case I'm sure there might be some hope, but at the moment it's almost impossible to break that number.
Even if they get a usecase, why would someone use dogecoin instead of other cryptocurrency? I know I wouldn't because a currency that contains the word DOGE and has a shiba dog as a logo does not inspire me trust.
I believe we are talking about Dogecoin in this cycle because of Elon Musk. Not for use case and the community, I also observed that the coin has very few longterm holders. Some even think the whales are dumping the token for the last time, I dont doubt that. Elon musk in one of his tweets make a mockery of the coin and the funny response of the market.
From Meme's now to real asset to hold, but the most influence is because of Musk participation to this project, without him there's no huge pumped like this and the hypes will die in a much shorter period of time.
Looking now, there are many followers who keeps on chasing this coin each time Musk make something on his social media accounts.
Reflections with each tweets really matters with this project, careful and always have a deligence to do your own research if you are still
playing / riding with this asset.