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SYMBOL
LAST
NET CHG.
%CHG.
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5805.38
+25.33
+ 0.44%
5819.46
5775.08
18323.31
+41.27
+ 0.23%
18362.65
18208.44
42725.82
+271.71
+ 0.64%
42835.48
42507.53
102.600
-0.030
-0.03%
102.740
102.510
1.09429
+0.00073
+ 0.07%
1.09532
1.09245
1.30729
+0.00140
+ 0.11%
1.30826
1.30411
2657.35
+27.39
+ 1.04%
2661.33
2627.94
74.726
-0.281
-0.37%
75.403
73.950
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【Top trader Nachi: WIF is expected to reach a market value of $10 billion in this cycle】 on October 12, Nachi, a top trader on the Binance platform, published his latest opinion, saying, "It's time to update my views on WIF because some people have questioned my views. It is still one of my largest holdings, whether it is spot or perpetual contracts.It is well known that the meme sector is far ahead of other sectors in performance, and past cycles have told me that the strongest sectors will continue to outperform the market, because those who are under-allocated in the meme sector will have to reallocate capital from underperforming sectors to the meme sector, whether you like it or not. Many retail investors, whales, or liquidity funds are asking me which memes they should buy if they reallocate capital, and WIF has always been my first choice. This is the most comfortable meme coin on Solana to hold, especially in this cycle, which is the cycle of SOL. So how do I look at this chart now?The market is a little turbulent, but WIF has passed all the tests. The chart of WIFSOL is very strong. WIFUSDT It has broken the downtrend line, retested the moving average and key support areas, and bounced strongly each time. I think it is now in wave 1 of wave 5, with a target range high of 4.8, and ultimately this cycle will reach $10 billion. The path to $10 billion could change a lot, this is just my best guess at the moment. We need to be flexible and adapt to changes at all times. As for the market, it has successfully shaken out many weak hands who called "Uptober" too early at the beginning of the month, and these people were eventually forced to capitulate. Therefore, I think the probability of Uptober is higher now. Today, the Russell 2000 strongly outperformed the S&P 500 and Nasdaq, which is also a good sign that capital is chasing higher risks. I remain cautiously optimistic about the market before the US election. The US election will bring uncertainty, so the price action after the election will depend on who is elected president, but this will not change the larger trend. ”

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[Top Trader Eugene: I Would Be Surprised If ENA Cannot Become A Top 20 Token By Market Capitalization] On October 11, Top Trader Eugene Ng Ah Sio Posted On Social Media, "Ethena Is The Fastest Growing DeFi Product In History. It Has Expanded The Size Of Its Yield Stablecoin To $3 Billion In A Few Months, And No Other Stablecoin Has Grown As Fast As USDe Since Its Inception. The First Chapter Of The Ethena Story Focused On Building A Secure, High-quality Stablecoin. It Has Withstood The Test Of Extreme Market Volatility, And Now Aims To Compete For The Biggest Prize In Cryptocurrency, Tether's $160 Billion Market Share. At This Point, Ethena Began To Transform From A "DeFi Native Stablecoin" To A Legitimate Stablecoin Competitor With A Superior Value Proposition And Significantly Improved Distribution Channels. The Introduction Of USTb, The Latest Participation Of Blackrock's Financial Products, And The Decline In Interest Rates Have Made Ethena's Conditions Gradually Mature, And Now It Is In A Leading Position And Is Expected To Make USDe The Dominant Stablecoin In Cryptocurrency. With So Many Inefficiencies In The Market, Now Is Your Chance To Buy Into The Largest Market Segment In Crypto For 1/4 Of WIF’s Market Cap. Despite Being The Only Major New Product In This Cycle With Clear Product-market Fit (PMF), ENA Is Not Even In The Top 100 Trading Rankings On Coingecko. From A Technical Analysis Perspective, ENA’s High Timeframe Chart Is Very Clean. Combined With Fundamental Drivers And Reduced Inflationary Pressures, I Can Easily Foresee ENA Returning To The $1 Level. This Would Not Even Put ENA On Par With WIF In Terms Of Market Cap, Only On Par With POPCAT’s Recent $1.5 Billion Circulating Supply. Going Forward, Ethena Has The Foundation To Scale USDe Into Billions And Even Hundreds Of Billions Of Dollars. Eventually, Trillions Of Dollars Are Not Out Of The Question As Crypto Stablecoins Gain Market Share For International Cross-border Payments. At This Point, I Would Be Surprised If ENA Doesn’t Make It Into The Top 20, Given That It Is The Best Product Targeting The Largest Market In Crypto. When We Get To That Point Is Still Unknown, But Ethena Is My Bet On The Next Big Dream In Crypto This Cycle.”

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