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Home»Altcoins»Billion-dollar Solana-based Memecoin ‘going to zero’ against Dogecoin, top crypto trader warns
Altcoins

Billion-dollar Solana-based Memecoin ‘going to zero’ against Dogecoin, top crypto trader warns

December 20, 2024No Comments2 Mins Read
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A widely followed crypto analyst claims that a meme asset based on Solana (SOL) with a market cap of $1.89 billion is going to suck compared to Dogecoin (DOGE).

In a new strategy session, pseudonymous crypto strategist DonAlt told his 637,200 followers on social media platform .

“I told everyone who would listen that it was the ‘safest’ operation if you wanted to be covered. I think this is no longer the case, I think WIF in the short term could rebound against DOGE. I generally think WIF is going to suck against DOGE, but so the relief would be temporary in my opinion.

GfPhV3FXcAA-E9d
Source: DonAlt/X

According to DonAlt’s chart, WIF/DOGE is expected to drop to zero dollars 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 valued at $1.98, a 12% drop in the last 24 hours.

Moving to smart contract platform Ethereum (ETH), DonAlt claims that if the top altcoin fails to hold the $2,900 price as support, then investors have been fooled by the “worst cycle” ever.

“I didn’t think it would happen yet, but here we are, it looks decent around $2,900 in my opinion. We’re starting to lose this and we’ve all been bamboozled and this is the worst cycle in crypto history.

GfPelIjXUAAATwo
Source: DonAlt/X

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

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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