And many times cryptocurrency are always speculated, this we must understand. Doge has made a very huge impact on the crypto space being a meme coin, a situation that had lead to many meme crypto coming onboard like Babydogecoin, Floki Inu, safemoon etc.
In addition, Elon personally has interest on dogecoin, and with his big community of followers, he has been able to promote dogecoin. In a nutshell, Elon love dogecoin.