A crypto expert, Altcoin Sherpa, warns that the altcoin dogwifhat (WIF) could be in for a sharp decline. Despite its impressive 1,258% gain in the past six months, Sherpa believes it may not have reached its bottom yet.
WIF’s Potential Drop
Sherpa suggests that WIF could rebound to around $2.50 before falling to $1.26, a significant drop from its current price of $2.01.
Bitcoin’s Uncertain Future
Regarding Bitcoin (BTC), Sherpa notes that its price is hovering in the middle of a trading range. He is waiting for a clear trend to emerge before making any predictions.
Altcoins vs. Bitcoin
Sherpa compares the current crypto market to the late 2020 cycle, where altcoins declined before rallying. He believes that altcoins may still have some downside potential before Bitcoin shows signs of strength.
