A widely followed crypto analyst says a meme asset based on Solana (SOL) with a market cap of $1.89 billion is going to zero against Dogecoin (DOGE).
In a new strategy session, pseudonymous crypto strategist DonAlt shares with his 637,200 followers on the social media platform
“I told anyone who would listen that this was the ‘safest’ trade if you wanted to be hedged. Do you think that is no longer the case, do you think that in the short term WIF could rally against DOGE. However, in general I expect WIF against DOGE to go to zero, so the relief would only be temporary in my opinion.”
According to DonAlt’s chart, WIF/DOGE is expected to fall to $0 sometime in the second half of 2025. DOGE is trading at $0.309 at the time of writing, down 10% on the day, while WIF is worth $1.98, down 12% in the last 24 hours.
Turning to smart contract platform Ethereum (ETH), DonAlt says investors have been fooled by the “worst cycle” ever if the top altcoin fails to hold the $2,900 price point as support.
“I didn’t think it would come, but here we are: In my opinion, it looks decent at around $2,900. We are starting to lose this and we are all confused and this is the worst cycle in the history of cryptocurrency.”
Ethereum is trading at $3,339 at the time of writing, down 5.6% on the day.
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