I think dogecoin is like Tron trx currently because there's nothing much happening in the project no development or something else except for the use of payment purpose and it's cheaper, of course Doge is one of the oldest coin out there and lot of projects that was created same time has long gone, example, EOS and few other coin. I think investor are all done with such project and their interest now on another pump dump projects.
Next to the new coin, that's how the crypto investor in the crypto space visualizes all the projects in the market, except Bitcoin. That's the reason why, when some potential coins are recently launched in the market, you see many investors rushing into the new coins for quick gains, abandoning or forgetting about the old coins that have no more marketing strategy and project development, while new coins that have good marketing and project development, investors are investing in them.
For old coins that couldn't keep up with their project development and marketing, you see them disappearing from the market. That's why you get to see old coins becoming less popular in the market to attract big investors to invest in their projects. For Doge, it's already an old coin, and its fate lies on Elon Musk to tweet about her.
They will really be trying out to rush in as early as they could because if we do really think up sensibly then those who do enter on early phase will really be able to maximize profits and could possibly become rich on the time or moment that it will be making up some moon shot. People or investors will really be keeping up on being active on joining into presales or start up specially if the project is really that something that has a good utility or having that uniqueness then it will really be able to make up some noise and it will really be building up the hype and interest on which this causes up for a certain project to get such huge support.
Due to this kind of behavior then this is being used by those scammers that we do have on this market, they are really that taking advantage of that desperation for their own benefit.
Going back into the topic on which explains about DOGE is already that not become a memecoin then its a normal thing because when we do speak about a joke or meme coin then it is really just that a token
which is really that made out for fun and not talks about having some usage or utility, but on the time or moment that it had become that a project which does have its utility then this is where it will really be separated and would really be that become from meme token into a utility token on which this do signifies that it does really that that progress and development. Community support will vary on this aspect.