There are really no limits on the possibilities that this crypto market provide, however when Elon musk tweeted that he purchased coins and that impacts emphatically on different purchasers and we realize more traders hop when somebody large influencer takes the interest so that is the explanation of the Doge rise.
Aside that sketchy fundamentals behind the pump, it is also safe to conclude that doge has always been an underated cryptocurrency that has pushed to new highs always
Doge has been here for long time, though, they started like a joke, it is used by many crypto users.
And it evolved into a more useful alt especially in transfer purposes or in gambling.
However, this coin is getting expensive these days. The withdrawal fees are higher now than other popular alts like LTC, EOS or XRP.
So in some way, it is not practical anymore for doge to be used for transfer purposes.
Also, we don't have any idea how long will Elon Musk support this coin.
Are doge developers doing something innovative to this coin?