A broadly 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 despite the fact that memecoin dogwifhat (WIF) may bounce quickly in opposition to DOGE, it’s finally going to zero in opposition to it.
“Advised everybody who needed to listen to that this was the ‘most secure’ commerce to take for those who needed to be hedged. Suppose that’s not the case anymore, assume short-term WIF may bounce in opposition to DOGE. Typically assume WIF goes to zero in opposition to DOGE although so aid can be short-term for my part.”
In line with DonAlt’s chart, WIF/DOGE ought to careen all the best way right 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 last 24 hours.
Transferring on to good contract platform Ethereum (ETH), DonAlt says that if the highest altcoin fails to carry the $2,900 value level as assist, then buyers have been tricked by the “worst cycle” ever.
“Didn’t assume it could nonetheless come however right here we’re, appears first rate round $2,900 for my part. We begin dropping 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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