# Dogecoin seen as only meme coin with upside as Shiba Inu, Bonk called

**Published:** 2026-07-23T19:52:22.936Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/55811dd6-fff7-4468-9c0a-dd5467b5075a

Analyst Kevin flags over‑50% meme‑coin slump, labels Shiba Inu and Bonk worthless, but says Dogecoin could still outpace in the next bull market. Click for the

Dogecoin (DOGE) is the sole meme token the analyst deems capable of a future rally, while Shiba Inu (SHIB) and Bonk (BONK) are described as “worthless” after a three‑month slump that erased more than half of the sector’s value【2】.

| At a glance | |
|---|---|
| Sector decline | >50% loss in three months【2】 |
| Top‑token drawdown | >95% from all‑time highs for leading meme coins【2】 |
| Bull‑market outlook | Dogecoin may outperform in next cycle【2】 |
| Catalyst | Analyst Kevin’s X posts labeling SHIB and BONK worthless【2】 |

## Analyst’s view of meme‑coin momentum  
Kevin’s X commentary notes that the meme‑coin market has been “reset” as many tokens have fallen more than 95% from their peaks, a correction he believes could permanently sideline several projects【2】. He singled out Shiba Inu for its reliance on the “meme frenzy” sparked by Dogecoin’s earlier rally and called both BONK and Floki “no‑fundamentals” projects unlikely to revisit prior highs【2】. By contrast, he highlighted Dogecoin’s “more constructive chart” and its history of surviving multiple market cycles, suggesting it could “stay around and have another run” in a future bull market【2】.

## Dogecoin’s relative positioning  
While Kevin admits Dogecoin remains speculative and has underperformed Bitcoin for six straight years, he argues its chart resilience sets it apart from newer meme tokens that lack sustainable utility【2】. He also points to continued institutional flow into Bitcoin and Ethereum as a broader trend that may favor assets with solid fundamentals over narrative‑driven tokens【2】.

## Market sentiment and tokenomics  
Kevin’s assessment implies that capital may increasingly favor tokens with clearer use cases and stronger price structures. He refrains from recommending a larger allocation to Dogecoin, noting Bitcoin’s superior risk‑adjusted profile【2】. Nonetheless, his personal small position in DOGE underscores his belief in its relative durability compared with peers【2】.

## What to watch
- **Dogecoin price levels**: Monitor support around its recent trading range and any breach of key resistance that could signal a breakout.  
- **Meme‑coin sector health**: Track overall sector performance; a sustained >50% decline may reinforce the analyst’s “reset” narrative.  
- **Institutional flow**: Watch for continued inflows into Bitcoin and Ethereum, which could influence capital allocation decisions away from speculative meme tokens.

The analyst’s stark division between “worthless” projects and Dogecoin’s potential underscores a broader market shift toward fundamentals, leaving the future performance of meme tokens hinged on whether they can demonstrate lasting utility beyond hype.

## Sources
1. KuCoin — [Dogecoin Has a Chance, but Shiba Inu, Bonk Labeled 'Worthles | KuCoin](https://www.kucoin.com/news/insight/DOGE/6a605d1a7d4c720007969d9d)
2. Benzinga — [Dogecoin Has a Chance, but Shiba Inu, Bonk Labeled 'Worthless' - Analyst Predicts No New Peaks - Benzinga](https://www.benzinga.com/crypto/cryptocurrency/26/07/60554572/dogecoin-has-a-chance-but-shiba-inu-bonk-labeled-worthless-analyst-predicts-no-new-peaks)
3. The Motley Fool — [Better Buy: Dogecoin Under $1, or Shiba Inu Under $1? | The Motley Fool](https://www.fool.com/investing/2025/11/10/better-buy-dogecoin-under-1-or-shiba-inu-under-1/)
4. Theprint — [Shiba Inu (SHIB) and Dogecoin (DOGE) May Have Met Their Match, and It's Not Bonk (BONK)](https://theprint.in/brandit/shiba-inu-shib-and-dogecoin-doge-may-have-met-their-match-and-its-not-bonk-bonk/2688494/)

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Cite as: TrendWatcher, "Dogecoin seen as only meme coin with upside as Shiba Inu, Bonk called", https://www.trendwatcher.in/article/55811dd6-fff7-4468-9c0a-dd5467b5075a