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I seriously doubt people are "investing" in Doge.

Interest in coins are going up, so of course that will spill over to the easier, less risky coins like Doge that people will want to experiment with to see if they like the model.

And with that increased demand inherently comes increased value, not because people are pumping up the meme coin, but just because it's becoming more active, along with the rest of the ecosystem.

It also probably serves as a reliable intermediary coin to use as an exchange or more common coins.



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