Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are drawing renewed attention as some crypto commentators argue that the original meme coins are poised to benefit from a shift away from new coin launches.

“Until Someone Flips DOGE“

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.

Gokhshtein argued capital could rotate back toward projects with established communities and longer operating histories.

He 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.

"Until someone flips DOGE, it’s still the standard every meme should be measured against," he said.

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.

Not Everyone Is Bullish On Meme Coins

In 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.

The 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.

According to Kevin, many meme tokens damage crypto’s reputation through hype-driven speculation and scams, leaving retail investors with permanent losses.

He also argued that even many established altcoins struggle to outperform Bitcoin over longer investment horizons.

DOGE’s Technical Picture Improves

Despite the broader skepticism surrounding meme coins, several technical analysts see encouraging signs for Dogecoin.

Crypto 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.

"It’s rare to see this kind of alignment across so many timeframes at once," Martinez said.

Meanwhile, market commentator Cantonese Cat argued Dogecoin’s nearly 18-month decline resembles a prolonged accumulation phase rather than sustained distribution.

The 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.

That could represent around 4.5 years of accumulation before the next major trend develops.

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