Nvidia Vs. Dogecoin: A Historic Ratio Suggests A Possible Rotation, Says Trader
Cryptocurrency trader Cryptollica suggests a major capital rotation may be imminent from AI-related equities, like Nvidia, into meme coins, particularly Dogecoin. The key signal is the DOGE/NVIDIA ratio, which has returned to a long-term support level that previously preceded massive Dogecoin outperformance in 2017 (100x) and 2021 (50x). The trader frames this as a shift from "The World’s Most Valuable Company" to "The World’s Most Famous Meme," arguing that when the AI trade cools, liquidity rotates into high-beta crypto assets.
Supporting this view, Dogecoin's weekly RSI has hit a historically oversold level, which has only occurred four times in 12 years, each marking a significant cycle bottom and a major buying opportunity. While no explicit price target is given, the trader previously forecasted a medium-term goal of $1.30 for DOGE. At the time of writing, Dogecoin was trading at $0.1258.
bitcoinist01/21 04:01
