Dogecoin, Shiba Inu Are Still the 'Standard to Be Measured Against' — Here's Why

Benzinga07-28

In a series of X posts on July 26, commentator and market expert David Gokhshtein highlighted that investors are growing weary of chasing newly launched meme coins that often collapse shortly after ...

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The market has contrasting opinions with one predicting a bullish roadmap for DOGE.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDOG":"Grayscale Dogecoin Trust ETF","SMP":"Standard Motor Products Inc","DOJE":"REX-Osprey™ DOGE ETF","TDOG":"21Shares Dogecoin ETF","BWOW":"Bitwise Dogecoin ETF","TXXD":"21Shares 2x Long Dogecoin ETF","BK4124":"机动车零配件与设备"},"translate_title":"狗狗币、柴犬仍然是“衡量标准”——原因如下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXXD":1.5,"BWOW":1.5,"GDOG":1.5,"TDOG":1.5,"SMP":1.5,"DOJE":1.5},"content_text":"In a series of X posts on July 26, commentator and market expert David Gokhshtein highlighted that investors are growing weary of chasing newly launched meme coins that often collapse shortly after debut.\nGokhshtein argued capital could rotate back toward projects with established communities and longer operating histories.\nHe noted that Dogecoin and Shiba Inu still account for nearly half of the meme coin market capitalization, adding that Dogecoin remains the benchmark for the sector.\n\"Until someone flips DOGE, it’s still the standard every meme should be measured against,\" he said.\nGokhshtein added that Shiba Inu’s recent price action has strengthened his conviction that the industry’s “OG culture” is beginning to return, a trend he believes could benefit legacy meme coins broadly.\nIn an X post on July 26, prominent crypto analyst Kevin drew a distinction between disciplined investing and speculative trading, arguing that meme coins occupy a separate, higher-risk category.\nThe analyst added they have generated returns across multiple Bitcoin and altcoin cycles by focusing on high-probability, low-risk opportunities but cautioned that most meme coins ultimately fail.\nAccording to Kevin, many meme tokens damage crypto’s reputation through hype-driven speculation and scams, leaving retail investors with permanent losses.\nHe also argued that even many established altcoins struggle to outperform Bitcoin over longer investment horizons.\nDespite the broader skepticism surrounding meme coins, several technical analysts see encouraging signs for Dogecoin.\nCrypto analyst Ali Martinez in an X post on July 27 noted that the TD Sequential indicator has generated buy signals on the monthly, weekly, three-day and daily charts simultaneously.\n\"It’s rare to see this kind of alignment across so many timeframes at once,\" Martinez said.\nMeanwhile, market commentator Cantonese Cat argued Dogecoin’s nearly 18-month decline resembles a prolonged accumulation phase rather than sustained distribution.\nThe analyst noted that most pullbacks have occurred on relatively light trading volume while the coin has remained within the range defined by the previous cycle’s high and low.\nThat could represent around 4.5 years of accumulation before the next major trend develops.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654078561","isCrawlerRequest":true}