Cryptocurrency commentator David Gokhshtein said on Tuesday that strong performance from Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) would boost the broader memecoin ecosystem.
DOGE, SHIB To Have Ripple Effect On Memecoins?
In an X post, Gokhshtein said that wins in the two blue-chip memecoins would help "legitimate" projects gain traction.
The analyst admitted that a section of people want DOGE and SHIB to "fail," not realizing the spillover effects they might create.
People don’t realize that if $DOGE and $SHIB win, the entire meme ecosystem has a better chance of winning.That’s good for every legitimate meme project.— David Gokhshtein (@davidgokhshtein) July 28, 2026 Earlier this week, Gokhshtein said that investors are growing weary of chasing newly launched meme coins that crater after debut and that capital could rotate back toward projects with established communities.
