A popular analyst disappointed investors in his latest market update. The name who correctly predicted Bitcoin’s last bottom level says the popular altcoin will go to zero. Which altcoin is among the top 100 cryptocurrencies? Why does he think it will go to zero?
PEPE Coin Future
The analyst who predicted that Bitcoin would hit rock bottom in November 2022, and unfortunately he was right, is back on the scene. The expert known by the nickname DonAlt said that the price of Dogecoin (DOGE) and Shiba Inu (SHIB) rival PEPE Coin will go to zero. The meme coin, which has marked the last 1 month, has made huge gains. Moreover, due to its popularity, it broke volume records and most of the short-term crypto traders bought it.
His chart shows Pepe’s sudden fall after skyrocketing within weeks and predicts that memecoin will be worth nothing in three to five years.
“Where will PEPE go next? Spoiler alert: The answer is zero It’s just a matter of waiting three to five years until the target is reached.”
Pepe is trading at $0.00000159, down 16.1% in the last 24 hours. The Binance listing marked its peak and is now at final support. As we’ve warned before, if this level can’t be held, we could see it heading towards $0.000001 and below. What’s worse is that the cost of a significant portion of investors is above this zone. That’s what’s worrying, as rapid selling on fear of losses could add a few zeros to the price.
PEPE Coin and Bitcoin
DonAlt has made an ambitious prediction and his long-term forecasts have been successful across the market. He proved himself more than worthy with his last 2022 bottom call. Pepe Coin is down 62% from its all-time high of $0.00000431 reached on May 5.
So what are the cryptocurrency expert’s predictions about Bitcoin?
“The slow decline has been very accurate. Every bounce so far has forced shorts out of their overzealous positions. A good indicator of maximum pain for traders who spend time in futures I doubt it will stop anytime soon, but I would love to be surprised.”
DonAlt also says Bitcoin is facing headwinds from US regulators’ crackdown on crypto. He says he plans to reinvest in BTC once the US anti-crypto efforts subside.