Dogecoin which increased by around ± 3,500% in one year makes it a crypto asset that attracts the attention of traders and investors. Elon Musk will continue to support Dogecoin, he will always voice support for Dogecoin on social media such as Twitter, Elon Musk's tweets are a big boost to Dogecoin success. The emergence of another memecoin will be a new rival for Dogecoin, Doge must be ready to compete in the future to maintain its value.
Elon Musk's tweets regarding Dogecoin are now normal to crypto investors and now there is very little value of his tweets in support of doge coin. If he says something negative about DOGE then only the price will tank, but something positive coming out in his tweets will have very less to little effect on the price.
But if someone big also invest in doge and support it publically then only the price will increase and would cross $1 mark and once that happens the price will further increase dur to FOMO.