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.
Exactly and I think even the doge owners would have given up any hope on the coin but suddenly a rich guy starts shilling and people hate/love dogecoins while the coin was meant to be a meme and it's not doge's fault if a rich guy is pumping it. It's a decentralized market and anyone can pump any coin if they have the capital for it or have the influence like Elon has.
It's cheap and fast like Tron for a long time it has a huge market and people considered it as a meme coin, but now it becomes a prominent coin this year because of Elon Musk support, the first coin that Elon pour out his support, because of this we now have a lot of meme coin, Doge is a classic example of a coin that support for one big whale can make a difference.
After all the pumping, I don't think it has become a prominent coin because even now people don't fancy buying dogecoins other than just to sell them for a higher price.
A prominent coin is like bitcoin where people invest and have faith for years while with dogecoin investment, you don't know if next morning you will have even 50% value or not.