well doge is a veteran crypto coin, created as a meme and works great as a meme. from what i know they also pushed it hard some years back (sponsored a racing car and all kinds of crazy stuff). also Elon mentioning it all the time helps.
being early helped to be listed all over the exchanges.
as long as it is making money for people they don't care about utility, when it stops they will. If any of the big wallets decides to take profit it will end bad for a lot of people. mining 14.4 mill a day with price of 0.7$ means that they are not selling at the moment.
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