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.
Many people think the same, but for beginners who are also fans of Elon, this is a very serious coin.Only lately she hasn't been reacting much to his statements.Apparently trned is coming to an end.