Investing in cryptocurrencies involves investing at your own personal risk. No one can predict what will happen in the crypto currency market. Once the price of this coin increased a lot when Elon Musk invested in this coin. Since then we have not seen any significant price increase of this coin. Investing in these coins seems to be very risky especially investing in alt coins. Currently the price of Dogecoin is $0.080. Maybe when the bullrun starts in the market then maybe the price of this coin will increase.
Investing in altcoins means risk but there are high returns even if it is risky. Those who can take more risk see more profit. But I'm not telling anyone to invest and hold Dogecoin because I don't see any good predictions for Dogecoin. At some point Dogecoin made a good position, but after that when the market went down Dogecoin could not stand tall. Although the market is currently doing well, Dogecoin has not seen any price growth. Many may have started to think that Dogecoin will recover its price once the bull season starts. But I think even if that happens, its price probably won't recover.