Doge used to be one of my favorite altcoin but it seems that it's not gonna recover to it's former state.
there is no "former state" for Dogecoin!
Doge has always been a joke coin that became a little bit serious but since the fundamental of it has some issues it can never grow higher than certain prices.
the "state" will always be going down because of huge supply.
Is their hope for Doge?
Doge coin is one of those altcoins that won't die for a long time. and it will get pumped from time to time but don't expect much out of it in long term. it will continue to drop.
What can you say about the big drop of Doge?
2*2 words: huge supply + no cap
Having a huge supply what makes this coin almost considered as dead. You are right this coin might have the possibility to get pumped but on a very little chance or even wont happen on this time.If op do concern on his DOGE holdings then i would suggest better hold it of and dont mind it if it would pump or dump.If you are on need of money the withdraw it and if not then let it be.No one knows that this coin would bring you fortune.