A large element of crypto is hype. Elon Musk doesn't need DOGE to do well as he could be a trillionaire soon anyway. He just likes trolling the world. At least I was able to profit from some DOGE I accumulated years ago from faucets. I bought HIVE with it. We do need more prominent people taking about what Hive can do. It has real use cases and an active community. It just has to compete with hundreds of other coins these days.
The way I see Elon and Doge is that he wants to tell the world that Doge is somewhat better than many Fiat currencies.
I can't agree more about
Most important thing is not to fall for hype and always doing DYOR
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Maybe DOGE is better than fiat, but HIVE is much better than DOGE :)
And some lucky people earn/earned a lot of money from that trolling.