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.”
Sei is trading at $0.388 at time of writing.
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The post Analyst Michaël van de Poppe Says This Solana Rival Has Lots of Upside Potential, Could Explode by up to 3,765% appeared first on The Daily Hodl.