You're going to get downvoted but I have been reading the /r/dogecoin sub for longer then most here. Elon Musk encouraged a pump and dump in July. Only to encourage another pump and dump now. Many posts here of people buying millions of Dogecoin before the pump and dumps came, and praying for the pumps in order to sell. Elon was payed $5k to tweet about dogecoin in July. Gee guess how much that buyer got when Elon tweeted?
Many do not understand crypto. What was funny is you can find posts here arguing over the lack of development with dogecoin. That is what is the most problematic. So far I haven't heard any updates about the future of the coin and things are just in maintenance mode.
So many DeFi opportunities here in the crypto world. So many opportunities to really revolutionize the financial markets with investments in the active crypto coins with many options for lending, burrowing, smart contracts, decentralized insurance, decentralized assest ownership, etc. But no lets pump and dump and turn many new users off when they lose their savings.
When I can use Doge to buy a Tesla, then Elon is truly supporting the currency.