This goes back to the origin of Dogecoin. Dogecoin was created to meme Bitcoin for fun. It didn't make any sense from the beginning.No one expected Elon Musk to take a fancy to Dogecoin, which started this craze Dogecoin hype.
This hype has taken Dogecoin to an unexpected position. This coin has pumped as much as the speed of a rocket because of Elon Musk. But those who were attracted to this hype and bought near the top, are now at a loss. No one knows if this coin will ever go to that price again.
Because it's a memes coin, big Whale has played with this coin. If they have any plans for the future, then we have a chance to see a good price. So it is better to stay away from this hype now considering the situation of the market.