Even if Elon wouldn't support it, Doge will rise. Doge hash rate is even rising more and more because more people are getting into it than investments they can't afford. It's one of the most googled coins.
The success of Doge can be compared to the success of LTC. Although they may not really rise high like thousands in just a decade like BTC, they are going the long game.
The success of Doge can be compared to the success of LTC. Although they may not really rise high like thousands in just a decade like BTC, they are going the long game.
Dogecoin is a very old cryptocurrency that has made it this far. I'm pretty sure it will survive even if Elon Musk decides to abandon it sometime in the future. I like the fact that DOGE is an inexpensive cryptocurrency, which makes an excellent tool for micropayments/microtipping. The community is still going strong, so I'd envision Dogecoin outlasting many of the coins we know and love today. We can't say the same about Shiba Inu which is a clone of Dogecoin built on an existing blockchain network.
Most of the "meme" coins (including Dogecoin) are driven by hype, so I wouldn't be surprised if prices pump like crazy for a short period of time. As long as you don't put all of your life savings into these kinds of cryptocurrencies, you'll have nothing to worry about. Just my thoughts
