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Reading: Prominent Crypto Analyst Says Popular Meme Coin Will Go To Zero Against Dogecoin
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EdaFace Newsfeed > Latest News > Altcoin News > Prominent Crypto Analyst Says Popular Meme Coin Will Go To Zero Against Dogecoin
Altcoin News

Prominent Crypto Analyst Says Popular Meme Coin Will Go To Zero Against Dogecoin

vitalclick
Last updated: December 21, 2024 5:10 am
2 months ago
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Popular cryptocurrency analyst claims Dogecoin, a Solana-based meme coin with a market cap of $1.89 billion $0.29452 He stated that he would become worthless in front of him. In his statement on the social media platform X, he stated that memecoin dogwifhat (WIF) may gain value against DOGE in the short term, but will decrease to zero in the long term.

The Future of WIF Versus DogecoinA Bad Cycle in the Crypto Market

The Future of WIF Versus Dogecoin

DonAlt predicts that WIF may experience a temporary rebound against DOGE but will drop to zero over time. In the chart he prepared to support this prediction, the analyst stated that the WIF/DOGE ratio will completely lose value in the second half of 2025. Currently, DOGE is trading around $0.309 while WIF is at $1.98, and both assets have lost value in the last 24 hours.

“I told everyone this was the ‘safest’ trade to hedge. I think that is no longer the case; I think WIF can make a jump against DOGE in the short term. Overall, I think WIF will go to zero against DOGE, so the relief will be temporary in my opinion.” – DonAlt

DonAlt, smart contract platform Ethereum $3,264.5He also drew attention to (ETH) in his evaluations. He noted that if ETH fails to maintain the $2,900 support, investors will face the “worst cycle” in the crypto world. Ethereum is currently trading at $3,339 and has fallen 5.6% in the last day.

“I wasn’t expecting it yet but here we are, I think around $2,900 looks reasonable. “If we lose this level, we have all been cheated and this could be the worst cycle in crypto history.” – DonAlt

A Bad Cycle in the Crypto Market

DonAlt emphasizes that current market conditions are unprecedentedly negative in crypto history. Declines in the charts of meme coins and altcoins undermine investor confidence and raise concerns about the overall health of the market. The analyst points out that investors should be cautious, especially drawing attention to the relationship between WIF and DOGE.

While it is predicted that fluctuations in the crypto market will continue, it is stated that investors should minimize their risks by diversifying their portfolios. DonAlt recommends following market movements closely and making quick decisions when necessary.

Additionally, DonAlt warns that if Ethereum cannot maintain its support levels, the market may deteriorate in general and states that investors should not ignore such signals. Sudden changes in the values ​​of crypto assets may require reviewing investment strategies.

DonAlt’s predictions highlight the critical points that investors in the crypto market should pay attention to. Changes in market dynamics can directly affect the success of investment strategies. Therefore, it is important for investors to follow market trends closely.

Fluctuations in the crypto market require investors to review their strategies and act in accordance with the dynamics of the market. Expert opinions can provide guidance throughout this process and help make more informed decisions.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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