The top bullish season hasn't happened yet, so try to wait until the end of this year to see whether Dogecoin will experience a significant increase or will continue to struggle below $0.5.
I also think the peak of this bullish season doesn't happen yet. Only few coins can make a new ATH, it is also not a really significant raise. If we consider the previous bullish season, the new ATH should be massive raise. The highest price of Bitcoin is only around $73k, it is still too small movement from the previous ATH. People assume it should be around $100k, so just wait Bitcoin to reach $100k to see how far Dogecoin to increase. 3 years ago, Dogecoin ATH was $0,7. Many people believe it can be $1 in this bullish season.
Elon Musk is just a businessman, he will seek profit in every action he takes.
Does Elon Musk invest in Dogecoin? I don't find out the information about this. I only know Tesla invest in Bitcoin, but no information about Elon Musk investment. He can hold Dogecoin or not, no one knows what coin that Elon Must is holding now.
I'm not a doge holder, because I've never really liked coin memes.
If you are not Dogecoin holder, why you know well Dogecoin?
I'm surprised you don't hold any Dogecoin because you seem quite confident with Dogecoin future.