Cryptocurrency analyst and trader Michaël van de Poppe stated that the Sei (SEI) token, which he thinks can be a strong rival of Solana (SOL), may increase significantly in this cycle.
SEI’s Upside Potential
SEI, the native token of layer-one blockchain Sei, has “a lot of upside potential,” Van de Poppe said in a new video to his 166,000 subscribers on his YouTube channel.
Value Increase Expectation
According to Van de Poppe, the SEI could rise between 1.188% and 3.765% from its current level. This increase may be possible if SEI’s fully diluted valuation is between $50 billion and $100 billion and the ecosystem continues to grow.
“If we estimate a fully diluted value of SEI at $50 to $100 billion and the ecosystem continues its current growth and outpaces token inflation, a peak between $5 and $15 for SEI looks likely.” – Michaël van de Poppe
SEI needs to rise approximately 30% from its current level and break through a key resistance zone to initiate an upward move. According to technical analysis, SEI is currently consolidating in a tight range and could target a new record high by withdrawing liquidity if it breaks above $0.50.
“When we look at the technical analysis, it is consolidating in a very narrow range. If it breaks above $0.50, it will drain all liquidity above the recent highs and break through like Sui, setting a new all-time high.” – Michaël van de Poppe
Currently, SEI is trading at $0.388. Van de Poppe emphasized that SEI could be an attractive opportunity for investors with this potential rise.
The growth of Sei’s ecosystem and keeping the token supply under control can support the value increase of the SEI token. Investors can determine their strategies by paying attention to SEI’s technical analysis and fundamental indicators.
Following the development of SEI can ensure that it is among the projects that show activity in the cryptocurrency market. Analysts’ forecasts can play an important role in investment decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
