Michaël van de Poppe, a well-known cryptocurrency analyst, has forecasted a massive upswing in the value of Sei, a competitor to Solana, with a potential increase of up to 3,765%.
What Happened: Van de Poppe conveyed his bullish perspective on Sei SEI/USD in an YouTube post. He expressed confidence in the substantial growth potential of the native token of the layer-one blockchain.
Van de Poppe’s estimates indicate that Sei’s value could rise anywhere from 1,188% to 3,765% from its present level.
He said, “If we have an estimate of anything between $50 to $100 billion [in Sei's fully diluted valuation]… 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.”
Also Read: Michaël Van De Poppe Predicts Massive Bitcoin Surge, Says Price May Soar By 890%
However, for this growth to occur, Sei must first surpass a significant resistance zone by climbing nearly 30% from its current position. Van de Poppe further noted, "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.”
At the time this article was written, Sei was trading at $0.388.
Why It Matters: This prediction by Van de Poppe underscores the growing interest and potential in layer-one blockchains like Sei. As these platforms continue to evolve and gain traction, they present significant investment opportunities.
However, investors should be aware of the volatility inherent in the crypto market and make informed decisions.
The predicted surge in Sei’s value, if realized, could mark a significant milestone for the cryptocurrency, further solidifying its position in the competitive crypto landscape.
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