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.
Doge coin is listed on every other crypto exchange including coinbase , transaction speed is very fast like Tron and huge community is following it. The price it has reached through tweets of Elon Musk won't sustain in the long term. traders like its volatility because that creates opportunity to make money for Professional traders by going long and short.