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Henrik Zeberg, a trader known for his thunderous predictions regarding the cryptocurrency market, in particular forecasting the biggest crash since 1929, has suddenly turned his attention to probably the most popular meme token on Solana, dogwifhat (WIF).
According to Zeberg, WIF can expect to grow by more than 3,500% and even 4,000% by November of this year. As you can see on the price chart attached to the post, the analyst thinks dogwifhat can expect to see $80 opposite its price mark.
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Zeberg uses waves in his analysis, and in the case of WIF takes as his base the action demonstrated by the popular Solana meme coin earlier this year. Back then, the price of dogwifhat went from literally zero to $4.6 billion in market capitalization.
Now, Zeberg believes that dogwifhat has the potential to go to $80 as well, which would mean a market cap of $79.9 billion. For example, all other things being equal, this would put WIF in the top five of the largest cryptocurrencies.
Furthermore, Solana (SOL) itself currently has a market cap of just over $70 billion.
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On the one hand, the popular trader's forecast seems overly optimistic. It is difficult to believe that an asset whose only appeal is that its logo features a cute dog in a knitted hat can be valued as high as all of PayPal.
However, history already saw this three years ago with DOGE and SHIB, and WIF itself has already shown similar results in 2024, albeit on a smaller scale.
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