Dogecoin is an altcoin that can be used like any other cryptocurrency, though it's value is still much lower than BTC and ETH or BNB. But it is a fun way to make money in a fast, easy way.

I've seen people buying a couple of hundred thousand Dogecoin, when the price was low, and selling it now when price up. It is hardly possible that Dogecoin is a trick. Of course, this currency is not backed by something real like gold or oil, so it really depends on the faith of users. Obviously, there should be some potential behind Dogecoin to make money.

In my opinion there is no doubt that Dogecoin is real. However, it is unlikely to affect the stability of the other cryptocurrencies. It has its own niche and has a large community that supports the currency. This allows it to continue to operate in an atmosphere that is not very conducive for many other cryptocurrencies.