**New Trends in Crypto Market: Top Trader Nachi is Bullish on WIF**

BlockBeats latest news, on October 12, Nachi, a top trader on the Binance platform, published his latest views on WIF. Nachi said that despite some people questioning his views, WIF is still one of his largest holdings, both in spot and perpetual contracts.

It is well known that the meme sector is far ahead of other sectors in performance. Nachi pointed out that past cycles tell us 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. Many retail investors, whales or liquidity funds are asking him which memes they should buy if they reallocate capital, and WIF has always been his first choice.

Nachi believes that WIF is the most comfortable meme coin on Solana to hold, especially in this cycle, which is the cycle of SOL. He said that despite some turbulence in the market, WIF has passed all the tests. The chart of WIFSOL is very strong, WIFUSDT broke through the downtrend line, retested the moving average and key support areas, and rebounded strongly each time. He believes that WIF is now in the 1st wave of the 5th wave, with a target range high of 4.8, and eventually this cycle will reach $10 billion.

Of course, the path to $10 billion may change a lot, and this is just Nachi's best guess at the moment. He reminds everyone that they need to be flexible to respond to changes at all times.

As for the market, Nachi believes that it has successfully shaken many weak hands who shouted "Uptober" too early at the beginning of the month, and these people were eventually forced to surrender. Therefore, he believes that the possibility of Uptober is now higher. Today, the Russell 2000 strongly outperformed the S&P 500 and Nasdaq, which is also a good sign that capital is chasing higher risks. Nachi remains cautiously optimistic about the market before the US election.

However, Nachi also pointed out that the US election will bring uncertainty, so the price trend after the election will depend on who is elected president, but this will not change the larger trend.

Dear friends, what do you think of Nachi's point of view? Are you also optimistic about WIF's future performance? Welcome to share your views and discuss in the comment area! 😊