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.
“Advised everybody who wished to listen to that this was the ‘most secure’ commerce to take in the event you wished to be hedged. Suppose that’s not the case anymore, suppose short-term WIF may bounce towards DOGE. Typically suppose WIF goes to zero towards DOGE although so reduction could be short-term in my view.”
In accordance with DonAlt’s chart, WIF/DOGE ought to careen all the best way right 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 last 24 hours.
Shifting on to sensible contract platform Ethereum (ETH), DonAlt says that if the highest altcoin fails to carry the $2,900 worth level as help, then traders have been tricked by the “worst cycle” ever.
“Didn’t suppose it could nonetheless come however right here we’re, seems to be first rate round $2,900 in my view. We begin dropping 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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