The coin in circulation is much will not allow the coin to grow to appreciable price. It will remain very low. The owner has a very big job to do to push and promote this coin.
And how can you even promote this coin, why do you need it at all? The most incomprehensible for me in the market is the dogecoin in which people invest for some reason. Why? It seems to me that if you invest in a project that is one that has prospects for growth and development of new technologies!
But how many of these new ICO projects are really just scams? I would say a lot of them. They just think up some idea to use for blockchain and get a team together and slick website and run an ICO, but most of them are nonsense projects that will fail.
Dogecoin does not pretend to be something it is not. It is a token that is not needed, but it is wanted by some, and it has a community behind it that uses it. It does not need to be needed, see?
Fact is that it may never gain great value, but it will always have some value and use, because it has a lot of people who use it and who will continue to use it.
Maybe some project will come up later because of the Doge-Ethereum bridge, assuming it can really be developed. Or maybe the community will start its own social network for the community instead of depending on Reddit. Hard to say what will happen in the future of Doge, but a future it does have because of the community that uses it.