Analysis

Billion-Dollar Solana-Based Memecoin Is ‘Going to Zero’ Against Dogecoin, Warns Top Crypto Trader

Published

9 months ago

December 20, 2024

A broadly adopted crypto analyst says a Solana (SOL)-based meme asset with a $1.89 billion market cap goes to zero in opposition to Dogecoin (DOGE).

The pseudonymous crypto strategist DonAlt participates in a brand new technique session tells are 637,200 followers on the social media platform

“Instructed anybody who would hear that this was the ‘most secure’ commerce should you needed to be coated. Guess that is not the case anymore, assume WIF may bounce in opposition to DOGE briefly order. General, I believe WIF in opposition to DOGE goes to zero, however the aid can be momentary in my view.

In response to DonAlt’s chart, WIF/DOGE ought to drop all the best way to zero {dollars} someday within the second half of 2025. DOGE is buying and selling at $0.309 on the time of writing, down 10% intraday, whereas WIF is valued at $1.98, down from $0.309. A drop of 12% over the past 24 hours.

We proceed with the Ethereum (ETH) good contract platform, DonAlt say that if the highest altcoin fails to carry the $2,900 worth as assist, buyers can be misled into the ‘worst cycle’ ever.

“I did not assume it could come, however right here we’re. It appears to be like cheap in my view, round $2,900. We’re beginning to lose that and we have all been fooled and that is the worst cycle in crypto historical past.”

Ethereum is buying and selling at $3,339 on the time of writing, down 5.6% on the day.

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