Elon Musk just worked with doge developer. Testla is accepting doge payments very soon. I hope Elon Musk doesn't announce doge rejection like he rejected btc
Decentralized currencies should never have self-appointed dictators. He is now dogecoin's leader and making decisions regarding it's development. This is exactly what we don't want happening in bitcoin. Doge is a centralized shitcoin now and Musk worshippers look like deranged buffoons.
Unless they decide to burn a large amount of the circulating supply and reduce it's inflation significantly then there is not a lot of room for it's price to keep increasing.
If he really owns the majority of the coins he kind of is the leader not only through self-appointment. He owns a substantial stake perhaps and has skin in the game. I would rather listen to someone who has skin in the game than to someone who has not.