A extensively adopted crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap goes to zero in opposition to Dogecoin (DOGE).
In a brand new technique session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that regardless that memecoin dogwifhat (WIF) might bounce quickly in opposition to DOGE, it’s finally going to zero in opposition to it.
“Informed everybody who needed to listen to that this was the ‘most secure’ commerce to take if you happen to needed to be hedged. Suppose that’s not the case anymore, suppose short-term WIF might bounce in opposition to DOGE. Typically suppose WIF goes to zero in opposition to DOGE although so aid could be momentary in my view.”
In accordance with DonAlt’s chart, WIF/DOGE ought to careen all the way in which all the way down to zero {dollars} someday in the course of the second half of 2025. DOGE is buying and selling for $0.309 at time of writing, a ten% drop within the day whereas WIF is valued at $1.98, a 12% dip over the past 24 hours.
Shifting on to sensible contract platform Ethereum (ETH), DonAlt says that if the highest altcoin fails to carry the $2,900 value level as help, then buyers have been tricked by the “worst cycle” ever.
“Didn’t suppose it will nonetheless come however right here we’re, seems to be respectable round $2,900 in my view. We begin shedding that and all of us received bamboozled and that is the worst cycle in crypto historical past.”
Ethereum is buying and selling for $3,339 at time of writing, a 5.6% lower on the day.
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