Crypto analyst and trader Michaël van de Poppe highlighted a competitor to Solana (SOL) that could see a huge upside during this cycle.
In a new video, Van de Poppe tells his 166,000 YouTube subscribers that the native token of layer-1 blockchain Sei (SEI) has “a lot of upside potential.”
According to Van de Poppe, Sei could rise between 1,188% and 3,765% from current levels.
“…if we have an estimate of between $50 billion and $100 billion (based on the fully diluted value of Sei), knowing that the ecosystem is growing as big as it is and exceeding the inflation of the tokens, anything in between. It seems like a possibility. $5 to $15 would be the top price for Sei. “At current valuations, the potential number we could reach is between 10x and 40x.”
To begin an upward trajectory, Sei would need to rise nearly 30% from current levels to overcome key resistance areas, Van de Poppe said.
“Now, if you look at technical analysis, there is consolidation in a very narrow range. And what we would like to see is a return above $0.50. Because it will take all the liquidity above recent highs. And when that happens, it will overrun and hit a new all-time high, just like Sui did.”
Sei is trading at $0.388 at the time of this writing.
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