A broadly adopted crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap goes to zero towards Dogecoin (DOGE).
In a brand new technique session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that although memecoin dogwifhat (WIF) may bounce quickly towards DOGE, it’s finally going to zero towards it.
“Informed everybody who needed to listen to that this was the ‘most secure’ commerce to take in case you needed to be hedged. Assume that’s not the case anymore, assume short-term WIF may bounce towards DOGE. Usually assume WIF goes to zero towards DOGE although so reduction can be short-term 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 through 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.
Transferring on to sensible contract platform Ethereum (ETH), DonAlt says that if the highest altcoin fails to carry the $2,900 worth level as assist, then buyers have been tricked by the “worst cycle” ever.
“Didn’t assume it will nonetheless come however right here we’re, appears first rate round $2,900 in my view. We begin shedding that and all of us obtained 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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