They keep making more coins, right?
So how does anyone expect the demand to increase when there is always more supply?
The only way to boost demand is via hype. It's not like there are any fundamentals behind it. Doge doesn't create anything. Nobody uses doge to purchase anything. So of course this shyt is a perpetual pump and dump. Even more so when you consider Robinhood owns like 30% of all coins.
I'd bet the majority of all these crypto coins are just vehicles to build liquidity for hedgefunds.