ELon love doge cause its completly a meme which he can playing around to make the price spike and down. Seriously what elon contribution to crypto market? he only bark and make all of the followers bark to buy doge coin and make the spark of new dog coin in the market. He got the affection but he use it in the wrong way for his own benefit. I hope people to stop following him as a signal cause i think he doing a bad thing to crypto market.
The low market cap (before Elon started shilling it, the valuation stood at $6 billion), unique ownership structure (top 100 users own 70% of all the circulating Doge) and the fact that Doge can be easily manipulated (because it is listed in a limited number of exchanges) might have caught the attention of Elon. His intention is not to contribute anything positive to the cryptocurrency sector. Similar to Mark Zuckerberg, he just want to use cryptocurrency for his own benefit (to get profit, and to generate hype for Tesla).