A widely followed crypto analyst says a Solana (SOL)-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin (DOGE).
The pseudonymous crypto strategist DonAlt participates in a new strategy session tells are 637,200 followers on the social media platform
“Told anyone who would listen that this was the ‘safest’ trade if you wanted to be covered. Guess that’s not the case anymore, think WIF could bounce against DOGE in short order. Overall, I think WIF against DOGE goes to zero, but the relief would be temporary in my opinion.
According to DonAlt’s chart, WIF/DOGE should drop all the way to zero dollars sometime in the second half of 2025. DOGE is trading at $0.309 at the time of writing, down 10% intraday, while WIF is valued at $1.98, down from $0.309. A drop of 12% over the last 24 hours.
We continue with the Ethereum (ETH) smart contract platform, DonAlt say that if the top altcoin fails to hold the $2,900 price as support, investors will be misled by the “worst cycle” ever.
“I didn’t think it would come, but here we are. It looks reasonable in my opinion, around $2,900. We’re starting to lose that and we’ve all been fooled and this is the worst cycle in crypto history.”
Ethereum is trading at $3,339 at the time of writing, down 5.6% on the day.
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Generated image: DALLE3