Trump and Elon are supporting it would cause the price of Dogecoin to go through the roof essentially replacing Bitcoin as the top crypto. Since Bitcoin is already so expensive, Trump and Elon can't make a fortune on it, but Dogecoin presents the possibility for them to make Billions at the current price.
No matter what Trump and Elon do about DOGE, it will not still change it from being a shitcoin, and in the long run, those investors that invested in Doge because of Elon and Trump's hype on Doge will be disappointed and regret that they didn't choose bitcoin. No matter how expensive bitcoin is, it remains the king of crypto and nothing can change it because it solves problems that all the altcoins and meme coins joined together cannot solve.
At the the moment, dogecoin is still enjoying the current chain reaction from the Bitcoin bulk market and at that all the other speculation about the coin stance and whatever positive policy Trump does to the entire cryptocurrency market a lot has to do with the proposed usage of the coin as a utility coin on the platform of Elon musk and with the current dogecoin algorithm making it a utility coin will somehow be hard unless the source code of the coin will have to be touch and changes need to happen because of the concept and design behind dogecoin.
So for sure, a lot is expected from dogecoin and other memecions in the market because currently, this trend is actually having a massive positive effect on most memecions prices and volatility rates, this is a very important point since memecions was created as a joke alot of process in development of the coin could have been skipped and aimed been on achieving market presence and also gain load's of community of followers, this have been the hype that dogcoin was created on and adopting doge as a utility look a bit impossible.