Altcoin

Analyst Michaël van de Poppe says this Solana rival has a lot of upside potential and could explode up to 3.765%

Published

1 year ago

November 2, 2024

Cryptocurrency analyst and dealer Michaël van de Poppe highlights a Solana (SOL) competitor that he thinks might skyrocket throughout this cycle.

In a brand new video, Van de Poppe tells Based on its 166,000 YouTube subscribers, the native token of the layer-one blockchain Sei (SEI) has numerous upside potential.

Based on Van de Poppe, Sei might rise between 1.188% and three.765% from present ranges.

“…If we now have an estimate of one thing between $50 and $100 billion [in Sei’s fully diluted valuation]Figuring out that the ecosystem is presently rising as large as it’s and that it’s outpacing the token’s inflation, it appears seemingly that something between $5 and $15 would be the peak for Sei… which at present valuations is between 10x and 40x . as a possible type of quantity that we’re going to attain.”

To begin the upward trajectory, Sei must rise by nearly 30% from present ranges to beat a serious resistance zone, in accordance with Van de Poppe.

“If we take a look at the technical evaluation now, it is just consolidating inside a really slender vary. And what we need to see is for the worth to get again above $0.50 as a result of that may put all of the liquidity above the latest highs. And when it does, like Sui, it can surpass its run and attain a brand new file.”

Sei is buying and selling at $0.388 on the time of writing.

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