This +1
And exactly what I mean. There is no real "demand". Demand in Doge or any other coin is simply to get btc cheaper. You cant mine btc or ltc with normal hardware. But you can mine doge and sell against btc.
But now you get less and less doge for the same amount of work you invest (hardware + power). So why should I mine doge or better change my power to a other coin ?
I dont trust this inflation / deflation stuff with cryptos. I do trust in hashrates. As soon a coin has a high hashrate, this is "demand" for me.
Traders dont care about the coin. It brings money they buy, if not they sell and forget.
I don't agree that everyone mines just to get BTC cheaper. There are some who mine only to dump to get BTC, that's true, but far from all, in Dogecoin at least. Some initially got in to get BTC cheaper, but then decided to keep some of their Dogecoins because they now see value in them.
I am making the point here that those who wanted to dump Dogecoin to get BTC have already dumped, and with the rewards getting less and less, only true hodlers and believers will stay very soon, we don't have to wait too long for that per Dogecoin's reward schedule. The 90 satoshi floor where the price bounced shows that is where demand from investors comes in. Investors think long-term, they either care about the coin or care about much higher prices of the asset than day traders. Day traders do their job and they can leave, who cares.
Inflation/deflation, valuation levels, hashrates, community support - these are all factors to consider. If you consider just one of them, well, I would say you may not fully enjoy the rewards down the road.
24 hrs playing and dont finish it 
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