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Home»ALTCOIN NEWS»Top Trader Says Layer 1 Blockchain Is Preparing For SUI-Style Execution After Parabolic Shock
ALTCOIN NEWS

Top Trader Says Layer 1 Blockchain Is Preparing For SUI-Style Execution After Parabolic Shock

By Crypto FlexsNovember 1, 20242 Mins Read
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Top Trader Says Layer 1 Blockchain Is Preparing For SUI-Style Execution After Parabolic Shock
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One prominent cryptocurrency analyst believes that one layer 1 blockchain is ready for a run similar to what Sui (SUI) has witnessed.

An anonymous analyst known as Bluntz on social media platform

“I think SEI is gearing up for another run.

There was a clear parabolic impulse rise at the beginning of the cycle and it has already achieved the abc -84% cycle and has now held its base for six months and started to rise.”

Source: Bluntz/X

SEI is trading at $0.408 at the time of this writing. The 63rd-largest cryptocurrency asset by market capitalization is down nearly 12% over the past month, but is up more than 265% over the past year.

Bluntz is also bullish on Dogecoin (DOGE), sharing a chart that suggests the top meme asset could surge to around $0.375.

Source: Bluntz/X

DOGE is trading at $0.169 at the time of this writing. The ninth-largest cryptocurrency asset by market capitalization fell more than 2% in the past 24 hours.

Regarding Bitcoin, Bluntz tells his 290,300 X followers that BTC still has “a lot of legs higher” in its current runup. The top cryptocurrency asset could surge to around $95,000 by the end of the year, according to analysts’ charts.

At the time of this writing, BTC is trading at $72,290.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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