There are a lot of other alt coins much safer and with a better image which can make you rich faster and easier than Dogecoin. You just have to use your mind. Doubling from 50 cents to $1 is not a spectacular gain after all.
I agree there are a lot of other opportunities are available but nothing has been backed up by billionaires. I mean you must need someone to pump your coin otherwise you will see your investments are going down in most cases. So, I believe there will be nothing wrong to go risking along with Elon Musk. Still it should be under your affordable limits. Something is better than nothing is the policy I am going to follow for my dodgecoin investments.
When Dogecoin drops like crazy don't come here to cry, you've been warned.
Even bitcoin is facing 70% drop every four years so dogecoins cannot be an exception. If I am able to make some 2x to 5x return for my investment that would be more than enough for me, for risking in dodgecoins.