Solana Memecoin Dogwifhat to $0, Dogecoin Proves Its Dominance?

- The Solana-based memecoin Dogwifhat achieves a market capitalization of $1.89 billion - Dogwifhat is predicted to reach $0 relative to Dogecoin's price by the second half of 2025 [Unblock Media] Let's delve into an in-depth analysis of Dog Whiff Hat, a meme coin based on the Solana blockchain. Currently, this asset boasts a market capitalization of $1.89 billion. The renowned cryptocurrency analyst DonAlt has told his 637,200 followers on his social media platform that he expects Dog Whiff Hat to eventually become worthless compared to Dogecoin. He highlighted that while Dog Whiff Hat might temporarily rebound against Dogecoin, it is ultimately expected to drop to zero in value. According to his chart, if the price of Dogwifhat is divided by the price of Dogecoin, its value will reach $0 by the second half of 2025 (Dogwifhat/Dogecoin = $0). Currently, Dogecoin is trading at $0.309, having dropped 10% over the past 24 hours, while Dog Whiff Hat is trading at $1.98, down 12% in the same period. According to CoinMarketCap, Dog Whiff Hat is highly dependent on Solana blockchain's trading volume, suggesting that its price volatility could increase with the performance of the Solana network. Based on this characteristic, DonAlt emphasized the instability of Dog Whiff Hat, pointing out the potential for its value to decline due to changes in the Solana network. He also took into account the opinions of mainstream analysts who criticized meme coins for their lack of intrinsic value and overreliance on community support. Let's also take a detailed look at the analysis of Ethereum. DonAlt warned that if Ethereum fails to sustain the price level of $2,900, investors might have been deceived by the "worst cycle." Ethereum is currently trading at $3,339, a decrease of 5.6% over the past day, indicating increased short-term market volatility. If the current downtrend continues, it could severely damage trust and investment sentiment toward the Ethereum platform. Recent regulatory tightening by the U.S. SEC and uncertainties surrounding the launch of an Ethereum ETF have been contributing factors to Ethereum's decline. According to Bloomberg, Layer-2 solutions are crucial for the long-term ecosystem expansion of Ethereum, and advancements in this technology are likely to positively affect price support. Experts suggest that assets like Bitcoin or Ethereum are more stable compared to meme coins like Dog Whiff Hat. Overall, both Dog Whiff Hat based on Solana and Ethereum are experiencing significant volatility and uncertainty in the current cryptocurrency market. Despite some expectation of short-term rebounds, Dog Whiff Hat is likely to become worthless compared to Dogecoin in the long term, indicating low long-term stability. On the other hand, maintaining the critical support level of $2,900 will be crucial for Ethereum’s future market performance.