Dogecoin is a cryptocurrency that takes its name from the "doge" Internet meme. It started as a way to mock the industry, but quickly built up a lively community of enthusiasts. Dogecoin (DOGE) was created as a way to poke fun at the crypto industry; now it's one of the world's biggest cryptocurrencies. How did it get to this point.
If you are wondering whether dogecoin carries any utility, my answer will be no. In my point of view, it is just a hype that was caused by huge price rises in spring. But, to my mind, it was unjustified.
Dogecoin doesn’t offer anything innovative. In my opinion, as soon as it loses the support of Elon Musk it will collapse, as there are no other reasons for it to exist. Moreover, it is unlimited, so just hype shitcoin.