A widely followed crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin (DOGE).
In a new strategy session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that even though memecoin dogwifhat (WIF) could bounce soon against DOGE, it’s ultimately going to zero against it.
[adinserter block="1"]“Told everyone who wanted to hear that this was the ‘safest’ trade to take if you wanted to be hedged. Think that’s not the case anymore, think short-term WIF could bounce against DOGE. Generally think WIF is going to zero against DOGE though so relief would be temporary in my opinion.”
According to DonAlt’s chart, WIF/DOGE should careen all the way down to zero dollars sometime during the second half of 2025. DOGE is trading for $0.309 at time of writing, a 10% drop in the day while WIF is valued at $1.98, a 12% dip during the last 24 hours.
Moving on to smart contract platform Ethereum (ETH), DonAlt says that if the top altcoin fails to hold the $2,900 price point as support, then investors have been tricked by the “worst cycle” ever.
“Didn’t think it would still come but here we are, looks decent around $2,900 in my opinion. We start losing that and we all got bamboozled and this is the worst cycle in crypto history.”
Ethereum is trading for $3,339 at time of writing, a 5.6% decrease on the day.
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