In a recent video, cryptocurrency analyst and trader Michaël van de Poppe has identified a potential competitor to Solana (SOL) that he believes has significant growth potential in the current market cycle. Van de Poppe, who has a following of 166,000 YouTube subscribers, highlights the native token of the layer-one blockchain Sei (SEI) as a project with “a lot of upside” potential.
Van de Poppe suggests that Sei could experience a substantial increase of between 1,188% and 3,765% from its current levels. He estimates that if Sei reaches a fully diluted valuation of $50 to $100 billion, the token could potentially peak at $5 to $15, representing a significant increase of 10x to 40x.
To initiate this upward trend, Van de Poppe notes that Sei needs to surpass a key resistance level by climbing nearly 30% from its current price. He explains that a breakthrough above $0.50 would indicate a strong bullish momentum, similar to what Sui experienced, leading to a new all-time high for Sei.
As of the time of writing, Sei is trading at $0.388.
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