Cryptocurrency analyst and trader Michaël van de Poppe highlights a competitor to Solana (SOL) that he believes could soar during this cycle.
In a new video, Van de Poppe explains to his 166,000 YouTube subscribers that the layer-one blockchain’s native token Sei (SEI) has “great upside potential.”
According to Van de Poppe, the Sei could increase by 1.188% to 3.765% from the current level.
“…If we have an estimate of between $50 billion and $100 billion (in Sei’s fully diluted valuation), knowing that the ecosystem is currently growing as big as it is and outpacing inflation in token, it seems likely that something between $5 to $15 will be the top for Sei… which at current valuations is somewhere between 10x and 40x as the sort of potential number we’ll arrive at.
To initiate the upward trajectory, Van de Poppe says Sei needs to climb almost 30% from the current level in order to overcome a major resistance zone.
“Now if we look at the technical analysis, we just see consolidation in a very tight range. And what we want to see is for it to move back above $0.50, because that will then drive all liquidity above recent highs. And if he does, he will surpass his course, just like Sui did, and reach a new all-time high.
Sei is trading at $0.388 at the time of writing.
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