Why does such a rich man make manipulative moves regarding cryptocurrency? Doge unfortunately does not deserve these prices. Its total supply is not clear. Nobody purchases with crypto, even with another coin, not with Elon Doge. For example, I wouldn't. The pizza example always comes to my mind.
There is no doubt that many of the altcoins are heavily overpriced at these levels. And Dogecoin is the worst. It is overpriced by a factor of 100x or 200x. Look at the adoption and acceptability. It is nowhere when compared to Bitcoin and even when compared to other altcoins, it fares really worse. Unfortunately, when the prices are going up, no one really cares about anything else. They will analyze these only when the prices crash and they lose their hard earned money.