Dogecoin (DOGE) surges with Elon Musk’s tweets, like his recent “D.O.G.E” mention, often sparking short-term gains (e.g., 12% in 24 hours, October 2024). Its long-term value hinges on community-driven factors: a passionate “Doge Army” sustains hype, with 16.6 million users historically fueling trading volume ($38.44B market cap, March 2025). However, lacking utility beyond tipping and staking, DOGE relies on sentiment over fundamentals. Musk’s influence amplifies this, but without innovation, its $0.17 price (down 64% from 2024 highs) suggests limited sustainability unless community adoption evolves.