Dogecoin may not be just a meme. but there is another point, because in the past the doge coin was campaigned for the first time the doge team gave an advantage if the doge coin could be used for a low-cost crypto transaction system with a low doge price, but for now after the hype doge maybe doge will become a coin with a slightly increased cost than before
The funniest part of the dogecoin boom is that people (or just Elon) are pumping it at a time when it makes the least sense.
If dogecoin was pumped years ago when altcoins didn't existed as they do now, it would have surprisingly made perfect sense because it offered cheap transactions and a playful currency that is meant for small transactions.
But pumping it now, when there are other tokens that allow cheaper and smaller transactions with faster confirmations and more use cases, makes absolutely no sense.
They picked the worst and least expected time to pump such a dead coin.