Almost since it was first started Doge has been over-valued by simply comparing how many you can mine per day to how many BTC you can get in return for those that were mined. Over-valued in comparison to other alt coin values at least.
To call the death of a coin when it starts slipping back to where it actually should be is madness. This coin is still far too easy to mine to actually hold any real value right now, and is still far too new to hold any meaningful share in the market. But hold and this will hopefully change.

Also i feel i need to keep plugging this: we need 16 more supporters on this guys thunderclap: https://www.thunderclap.it/en/projects/7575 to give us a christmas day announcement to almost 50,000 people! Support it now to make sure we dont miss out!

edit - ha took so long to post that ecuamobi beat me to it! Well done sir