it's viable but this is if you are up to grab thousands of the coins to which you also need to have more than millions of them. this is why doge was a good coin to trade back in the days when its price was less than a cent.

one could probably accumulate more millions of doge that time on the 5minute chart when you just know how to read the charts. but if you don't have enough capital to do this, might just do the leverage trading.