After Elon Musk's statements in support of Dogecoin, this coin, together with Shiba, really began to grow in price. But today the market began to fall again and, together with everyone else, these two coins are falling in price. Now Dogecoin already has a price of $0.06309. That is, the words of Elon Musk were an incentive for some to buy this coin again, but this has a short-term effect.
I don't think it's necessary to buy cryptocurrencies, much less memecoins, whose price is rising due to statements of support from influential people. Cryptocurrency should have the prospect of growth due to its usefulness and new technologies, then it will have the prospect of long-term growth. I would rather refrain from investing in this coin.