DOGE Continues to Set the Standard for Meme Coins
Market expert David Gokhshtein recently highlighted that investors are growing weary of chasing newly launched meme coins, which often collapse shortly after debut. He argued that capital could rotate back toward projects with established communities and longer operating histories.
Gokhshtein noted that Dogecoin (DOGE) and Shiba Inu still account for nearly half of the meme coin market capitalization. According to him, DOGE remains the benchmark for the sector.
He said, 'Until someone flips DOGE, it's still the standard every meme should be measured against.'
Gokhshtein 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.
However, not everyone shares this optimism. Crypto analyst Kevin drew a distinction between disciplined investing and speculative trading, arguing that meme coins occupy a separate, higher-risk category.
He noted that many meme tokens damage crypto's reputation through hype-driven speculation and scams, leaving retail investors with permanent losses.
Despite the skepticism surrounding meme coins, several technical analysts see encouraging signs for Dogecoin. Crypto analyst Ali Martinez pointed out that the TD Sequential indicator has generated buy signals on multiple timeframes simultaneously.