It is indeed meme coin but the best among all meme coins and you can be a long time hoarder by trusting dogecoin. Moreover, some of their services are managed where investors have a good opportunity to make profits.
As far as i know dogecoin was in a good position even before Elon musk came and now it has number one position in all meme coin. After all i am a very old dogecoin investor if I am not wrong.
Since I came across dogecoin it has been doing well in the market and I think it is one of the best memecoin you can find in the market and among the altcoins you can look up to. Dogecoin have been doing well, this is the kind of memecoin that is reliable for people to invest than going for meme coin that are not reliable that crash in the market at anytime. When naming altcoins that are of good value dogecoin can also be considered .
Exactly dogecoin is indeed a meme coin but is the best among other memecoin, I have been holding dogecoin since last year, and I still want to hold it for Long term, I think dogecoin still have the potential to increase in the value, because as of last year dogecoin has no value but this year I begin to see some changes,well I will still continue to hold on to it and see how the future will look like.