elon has big influence on crypto market but he let people know he is on crypto market after he shared about dogecoin. And he keep backing doge in front to people And thus doge received gear to go upstairs. Cause doge original team already disappeared and won't possible for doge to survive long without such influence of EM. And investors earned a lot from doge but not everytime doge will gonna bring people profit cause memecoin is memecoin. So need to think before investing on dogecoin or plan to hold it for next bull run
Your sentence emphasizes that Doge can survive only because it is supported by one person, namely Elon. Is this good for the long term? I think it's not good for the long term. What if one day he switches to supporting other altcoins? I think this is a risk that must be considered for doge holders.
Everyone can also conclude that Elon Musk's role in Doge is very influential, and that has been proven, but indeed, if someone's dependence is not due to their ability to survive or improve, of course it is very unfortunate because it will not be good in the future. Doge can be like it is today, of course, because of Elon Musk's role in contributing so that many people invest in him. But if Elon Musk no longer plays a role in Doge, of course it can survive if many investors still believe in him by continuing to make transactions.Everything will be meaningless if investors start to leave, especially since Elon Musk doesn't have a role in Doge. It's not good for Doge if it only depends on Elon Musk. If Elon Musk no longer supports it, it is feared that investors will also give up Doge.