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This is a weird one.
Dogecoin (DOGE) is a weird cryptocurrency, because it was designed from the outset to be a shitcoin with no hope of gaining in value. Of course, this hasn't stopped it from gaining in value, nor has it prevented Dogecoin from reaching a total market value of more than 400 million USD at times. But there is no doubt: Dogecoin is a joke currency, is meant to be a joke currency, and should not really be taken seriously. The grinning dog should tell you that. There's nothing really wrong with Dogecoin... It just is what it is.