There are so many meme coins in the market, but I believe Doge is the most valuable one, and the reason why it is valuable is because of the Tesla founder. In the last bull run cycle, this coin had shown a significant growth in its price, and all this has happened because of the Tesla founder because who mentioned the coin in social media many times, because of which it has got a lot of attention in the market, which turned out to be a good price appreciation strategy for this coin.
I don't think this coin has still got any utility in the market; however, Elon Musk has mentioned that he will enable payment through this coin for purchasing a Tesla car and many other services, and probably this will also be accepted as a payment method for X, which is the rebranded version of Twitter.
I don't see any utility for this coin on X as of now but it might happen in future However this can be a possible scenario that this was just a social media instant that Elon Musk has done and now it's over but still I believe the price of this coin is not that much down and it is currently trading in the range of 20 cents price mark which I think is really good.
In a way, we can say that this meme coin is more valuable than our valuable coin called steam, and on the comparison side, the price is double what steam carries this time and what this Doge coin carries in the market at this moment.
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