December 20, 2024

CryptoInfoNet

Cryptocurrency News

Top Crypto Trader Predicts Solana-Based Billion-Dollar Memecoin Will Collapse to Zero in Comparison to Dogecoin

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

An esteemed cryptocurrency commentator has predicted that a Solana-based meme token (SOL) with a significant market capitalization of $1.89 billion is on a trajectory to become worthless when measured against Dogecoin (DOGE).

In a recent analytical video, the crypto expert known under the alias DonAlt shared with his YouTube audience of 637,200 that the specific meme token dogwifhat (WIF) might experience an upturn against DOGE momentarily, but he asserts it’s ultimately on a downward spiral to nil value versus Dogecoin.

“I’ve been vocal to anyone willing to listen that this was once dubbed as the ‘safest’ trade for those seeking a hedge. I no longer believe this to be true; I expect a short-lived WIF bounce in its pairing with DOGE. However, I firmly anticipate WIF’s value against DOGE to hit rock bottom, offering merely a transient respite.”

GfPhV3FXcAA-E9d
Source: DonAlt/X

DonAlt’s projection indicates that the value of WIF relative to DOGE could plummet to a null value by the latter half of 2025. Currently, DOGE trades at $0.309, dropping by 10% today, while WIF has decreased to $1.98, reflecting a 12% fall in the past 24 hours.

Turning his attention to the smart contract behemoth Ethereum (ETH), DonAlt points out that failure to maintain a price above $2,900 could signify that investors have been duped by the least favorable cycle in crypto history.

“I did not anticipate this scenario materializing, but here we are. Ethereum looks strong around the $2,900 level, but if it drops below this point, it means we’ve all been hoodwinked in what would be the most disappointing crypto cycle yet.”

GfPelIjXUAAATwo
Source: DonAlt/X

Ethereum is presently valued at $3,339, having declined by 5.6% over the day.

Stay Up-to-Date – Sign up for email notifications directly to your inbox

Review Recent Price Movements

Join us on X, Facebook and Telegram for updates

Discover more at The Daily Hodl Mix

&nbsp
Get Alerts

Disclaimer: The views expressed on The Daily Hodl are not investment guidance. Before engaging in any investments involving high risk such as Bitcoin, cryptocurrencies, or digital assets, readers should conduct thorough research. You assume all risks unto yourself regarding transfers and transactions, and any resultant losses are your responsibility. The Daily Hodl is neither an advocate nor advisor for the acquisition or sale of cryptocurrencies or digital assets. Please be aware that The Daily Hodl may be engaged in affiliate marketing programs.

Image Generated by: DALLE3



Source link

#BillionDollar #SolanaBased #Memecoin #Dogecoin #Warns #Top #Crypto #Trader

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.