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 stage.
“…If we’ve an estimate of something between $50 to $100 billion [in Sei’s fully diluted valuation], understanding that the ecosystem is presently rising as huge as it’s and that it’s exceeding the inflation of the token, it appears possible 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 stage so as to overcome a significant resistance zone.
“Now if we take a look at the technical evaluation, then it’s simply consolidating in a really slim 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 similar to Sui did and have a brand new all-time excessive.”
Sei is buying and selling at $0.388 at time of writing.
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