$50 per coin is insane, if that happens for sure other projects will be inspired. Of course, there is no reason for DOGE to cost this price, but humans are unpredictable and tend to assign values in certain situations. It is not possible to apply the logic for valuing and devaluing prices of a certain product or service at all times.
Yes, absolutely true, 50$ is very exaggerated, although Dogecoin is now approaching 1$ , because of the news about the interview with Elon Musk. Speculators took advantage of the opportunity and did a crazy bump on the coin, they know that the interview will have a big impact on the coin price increase, They actually succeed in doing that Dogecoin is now at 0.72$ with expectations that it will reach $ 1 today or tomorrow. This is really insane.