Henrik Zeberg, a trader well-known for his audacious forecasts about the cryptocurrency market, most notably his prediction of the largest fall since 1929, has abruptly shifted his focus to dogwifhat (WIF), arguably the most well-liked joke coin on Solana.
Zeberg predicts that WIF will increase by over 3,500%, or even 4,000%, by November of this year. The price chart that is linked to the post shows that the analyst believes Dogwifhat should see $80 opposite its price level.
Zeberg employs waves in his study, using the famous Solana meme coin from earlier this year as the basis for his analysis in the instance of WIF. Dogwifhat’s market capitalisation increased from practically nothing to $4.6 billion at that time.
Zeberg now thinks dogwifhat might reach $80 as well, translating into a $79.9 billion market valuation. For instance, if everything else was equal, WIF would rank among the top five biggest cryptocurrencies.
https://x.com/HenrikZeberg/status/1838637714331041842
Moreover, the market capitalisation of Solana (SOL) is presently little over $70 billion.
The popular trader’s prediction is unduly optimistic on the one hand. It is hard to imagine that an asset can be worth as much as PayPal as a whole, given that its emblem is only an adorable dog wearing a knitted cap.
But history has already witnessed this with DOGE and SHIB three years ago, and WIF itself has already demonstrated comparable outcomes in 2024, albeit on a lesser scale.
