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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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