I am holding an amount of dogecoin but it is down badly. Do you think it will increase?

I would try to think of any reason why it would recover in price and sadly I cannot think of one. It does have quite an enthusiastic community using it, but that's not new it's always been there. It's a coin that has a huge supply, the coins just keep coming which is always going to keep the price suppressed. I think it's one of those coins that will always be around but I don't see any reason it should recover it's price to highs we have already seen.