The fact that this meme coin has no utilities and are purely based on hype and speculations, I might say it's good as dead, coz anytime it could be literally dead. Who knows, Elon will have his full influence against this coin and when he decides to separate him self from the hype, people might bite into it and withdraw.
On the brighter side, Doge might continue to exist like how it exist long before Elon laid his hands to Dogecoins.