Now, DOGE is an anomaly in the sense that it was the first coin (afaik) that was created as a satirical joke. It was never meant to be of value. One could even say it was crypto's first artwork. I can imagine a future where it has some value, but it could be just as likely that it will just fade out.
I don't know if it was truly the first joke coin but BBQcoin was the first joke coin to be listed on CMC.
https://bitcointalk.org/index.php?topic=93437
Dogecoin was just the first joke coin which really took off as a meme unto itself.
I posted about Steem vs. Dogecoin when they were trading neck and neck 4 years ago. Steem had a massively active community at the time and Dogecoin was totally dead, yet they traded the same, and ultimately it was Steem/Hive which dropped sharply down the ladder, despite way more value in the project itself.
https://hive.blog/steem/@demotruk/help-me-resolve-my-cognitive-dissonance-dogecoin-vs-steem