Gokhshtein: Shiba Inu Strength Can Lift Entire Meme Coin Sector

Crypto commentator David Gokhshtein believes that when established meme coins like Shiba Inu (SHIB) regain momentum, it can lift the entire meme coin sector. According to him, investors should focus on the influence of leading market assets rather than constantly searching for the next big thing.

Gokhshtein has maintained this position, citing that strong rallies in top meme coins create a positive momentum that spreads throughout the broader ecosystem. He highlighted the dominance of Shiba Inu and Dogecoin (DOGE), which collectively account for nearly half of the total meme coin market cap.

The latest market recovery is favoring Shiba Inu, with the token climbing from an intraday low of $0.00000482 to $0.000005051 before encountering selling pressure. Market analyst Veyron believes that SHIB continues to maintain a constructive short-term technical structure despite its recent cooldown.