Cryptocurrency analyst and dealer Michaël van de Poppe is highlighting a Solana (SOL) competitor that he believes might skyrocket massively throughout this cycle.
In a brand new video, Van de Poppe tells his 166,000 YouTube subscribers that the native token of the layer-one blockchain Sei (SEI) possesses a “lot of upside” potential.
In accordance with Van de Poppe, Sei might go up by between 1,188% and three,765% from the present degree.
“…If now we have an estimate of something between $50 to $100 billion [in Sei’s fully diluted valuation], realizing that the ecosystem is at present rising as huge as it’s and that it’s exceeding the inflation of the token, it appears seemingly that something between $5 to $15 goes to be the height for Sei… which at present valuations is between 10x to 40x as a possible type of quantity that we’re going to get to.”
To kick off the upward trajectory, Van de Poppe says Sei must climb by practically 30% from the present degree as a way to overcome a significant resistance zone.
“Now if we take a look at the technical evaluation, then it’s simply consolidating in a really slender vary. And what we need to see is that it breaks again above $0.50 as a result of then it’s going to take all of the liquidity above the current highs. And if it does that, it’s going to exceed its run identical to Sui did and have a brand new all-time excessive.”
Sei is buying and selling at $0.388 at time of writing.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Verify Value Motion
Observe us on X, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in online marketing.
Generated Picture: Midjourney
