Is Dogecoin a good investment?

Dogecoin price has had a difficult performance in the past few months. It has crashed by more than 66% this year as other cryptocurrency prices crashed. In total, it has lost more than 92% of its value from its all-time high. As a result, its total market cap has crashed to more than $7.7 billion. 
Why has DOGE lost its momentum?
Dogecoin is a meme coin that became extremely popular in 2021 after Elon Musk endorsed it. His endorsement was notable since Musk is the richest person on earth wi