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Dogecoin and Shiba Inu Momentum Will Make Meme Sector 'Better Off', Says Analyst — Slams Disrespect for 'Biggest' Names
On August 3, cryptocurrency analyst David Gokhshtein criticized traders for chasing new meme coins like Dogecoin or Shiba Inu while showing little respect for the original meme coins.
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What happened
On August 3, cryptocurrency analyst David Gokhshtein criticized traders for chasing new meme coins like Dogecoin or Shiba Inu while showing little respect for the original meme coins.
Confirmed
Global impact / market context
His comment suggests that continued interest in established meme coins could strengthen the overall meme‑coin sector, making it more resilient and attractive to investors who might otherwise jump to untested projects.
Analyst inference
The meme‑coin market has seen frequent hype cycles, with investors often shifting capital to the latest token, which can cause price volatility and dilute confidence in the sector’s long‑term viability.
Analyst inference
What to watch
- Whether trading volumes for Dogecoin (DOGE) and Shiba Inu (SHIB) rise, indicating renewed investor confidence in the original meme coins. Analyst inference
- The emergence of new meme‑coin projects and how quickly they attract capital compared with established tokens. Analyst inference
- Regulatory commentary or actions targeting meme‑coin promotions, which could affect how traders market and trade these assets. Analyst inference
Affected assets
- ETH — Ethereum
- DOGE — Dogecoin
- BTC — Bitcoin
- XRP — XRP
- SHIB — Shiba Inu
- ZEC — Zcash
- PEPE — Pepe