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Refer to the following news articles on 'Dogecoin': 1.David Chau (2021), Dogecoin 'bubble' surges ahead of Elon Musk's debut on Saturday Night Live, ABC News

Refer to the following news articles on 'Dogecoin':

1.David Chau (2021), "Dogecoin 'bubble' surges ahead of Elon Musk's debut on Saturday Night Live", ABC News, May 07, available: https://www.abc.net.au/news/2021-05-07/dogecoin-elon-musk-tesla-snl-to-the-moon-doge/100113706

2.James Purtill (2021), "Some Australians have made a fortune on Dogecoin, but they say it's not all about the money", ABC News, May 21, available: https://www.abc.net.au/news/science/2021-05-21/dogecoin-cryptocurrency-stories-of-australians-who-made-money/100144664

Based on this discussion in the articles and relevant microeconomic theory, explain the endogenous processes at work of the Dogecoin bubble. Use relevant demand and supply diagrams to aid your answer and show how there is an unstable equilibrium.

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