This is a meme coin
It is supported by people that like online jokes, pranks... and dogecoin is not exclusive. To me the coin ( dogecoin) is receiving over hype and that all it get, apart for the Elon shilling I see no real potential in dogecoin, to me dogecoin is a bubble that can burst at anytime.
Even people that don't like jokes, they're also liking this coin. Before I was into it and honestly, missed the run that has been made by Elon. Too bad that I didn't save all of those Dogecoins that I've sold for a profit of just a few dollars.
The hype is already done for this coin but still there are many people that are hoping for this coin to get up until they see its price back at the peak that it had done before.