I think so, while it has a niche use case because of the low fee but there's only a few scenarios where you want to use doge instead of other crypto and the coin itself has been pumped in recent weeks so right now it is definitely overvalued . It has value but because it is a meme/joke coin that's been pumped and i don't think there is news about the development of the coin itself and I think the price will go down in the following months.