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Shiba Inu up 4.8% to $0.00000505 while Dogecoin trades flat at $0.07016; analyst says strong OG coins boost the whole meme market.
Dogecoin hovered near $0.07016 with a modest 0.11% rise in the last 24 hours, while Shiba Inu surged 4.79% to $0.00000505, a move that analyst David Gokhshtein says could ripple through the broader meme‑coin ecosystem【2】.
| At a glance | |
|---|---|
| DOGE price | $0.07016 |
| DOGE 24h change | +0.11% |
| SHIB price | $0.00000505 |
| SHIB 24h change | +4.79% |
| Catalyst | Gokhshtein’s “OG momentum” thesis |
Gokhshtein argues that when the two largest meme tokens—Dogecoin and Shiba Inu—show strength, the entire sector benefits, citing their combined share of nearly 50% of meme‑coin market cap【2】. The recent SHIB rally followed a near‑40% one‑day jump in late July, reinforcing his view that “the entire meme sector is better off when the biggest names … are moving”【2】. By contrast, Dogecoin has given back most of its weekly gains, leaving its price essentially flat despite a brief bounce above $0.081 resistance noted by analyst Ali Martinez【3】.
The broader meme‑coin index (MEMECOIN) is down almost 40% year‑to‑date and slipped 2.64% over the past month, reflecting a tough environment for newer tokens【1】. Yet SHIB’s recent price action—holding above a support band of $0.00000482‑$0.00000486 identified by analyst Veyron—suggests a resilient short‑term structure despite a modest pullback from its intraday high【2】. Meanwhile, Dogecoin’s technical indicators are mixed: the Commodity Channel Index signals a “Buy,” while the Bull‑Bear Power and RSI remain neutral【3】.
Shiba Inu’s token burns exploded 1,028% in a single week, reaching a one‑year high of 1.27 billion SHIB burned on Monday, a move intended to create scarcity and support price appreciation【3】. No comparable on‑chain data were reported for Dogecoin, and the MEMECOIN index is a dollar‑denominated benchmark rather than a tradable security【1】.
The divergent paths of SHIB and DOGE underscore the analyst’s point: strength in the sector’s flagship tokens can generate broader confidence, but the meme‑coin market remains highly sensitive to the performance of its “OG” leaders. Whether SHIB’s momentum sustains enough to lift the whole segment remains the key question.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 5 outlets · Aug 4, 2026 · How we report
Dogecoin has been trading near $0.07, with recent 24-hour fluctuations observed between $0.0693 and $0.0722.
Positive funding rates indicate that long traders are paying short traders, which reflects a bullish sentiment in the derivatives market.
The primary risks include potential long liquidations if the price drops below support, as well as the need for broader market cooperation to sustain a breakout.
A high long-to-short ratio suggests that traders expect higher prices, though analysts note this crowded positioning can lead to sharp price swings if the market moves against them.