Cryptocurrency analyst and trader Michaël van de Poppe is highlighting a Solana (SOL) competitor that he believes could skyrocket massively during this cycle.
In a 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.
-->According to Van de Poppe, Sei could go up by between 1,188 and 3,765 from the current level.
“…If we have an estimate of anything between $50 to $100 billion [in Sei’s fully diluted valuation], knowing that the ecosystem is currently growing as big as it is and that it’s exceeding the inflation of the token, it seems likely that anything between $5 to $15 is going to be the peak for Sei… which at current valuations is between 10x to 40x as a potential sort of number that we’re going to get to.”
To kick off the upward trajectory, Van de Poppe says Sei needs to climb by nearly 30 from the current level in order to overcome a major resistance zone.
“Now if we look at the technical analysis, then it’s just consolidating in a very narrow range. And what we want to see is that it breaks back above $0.50 because then it’s going to take all the liquidity above the recent highs. And if it does that, it’s going to exceed its run just like Sui did and have a new all-time high.”
Source: Michaël van de Poppe/YoutubeSei is trading at $0.388 at time of writing.
