Cryptocurrency analyst and trader Michaël van de Poppe points to the native token of the layer-1 blockchain Sei (SEI), which competes with Solana (SOL) and sees it as having huge upside potential. Addressing his 166 thousand followers on his YouTube channel, van de Poppe states that the altcoin SEI token can reach much higher values than the current price level.
There is great potential for altcoins
According to Van de Poppe, the Sei token has an upside potential of 1,188% to 3,765% from its current level. This prediction is supported by the growth in Sei’s ecosystem and developments that exceed the token’s inflation rate. Van de Poppe predicts Sei could be worth between $50 billion and $100 billion in fully diluted market value (FDV). This growth potential means the value of the Sei token could peak between $5 and $15. Van de Poppe states that if SEI reaches these levels, it could provide investors with a return of 10x to 40x. This type of increase is very attractive for investors interested in high-risk but high-return investments, especially in the crypto market. Van de Poppe says:
Considering the current size of the Sei ecosystem and developments that exceed token inflation, the probability of a peak between $5 and $15 is quite high. This indicates an increase potential of 10 to 40 times from the current level.
What levels should we look at for an increase?
Pointing out that SEI is currently moving in a narrow consolidation range in terms of technical analysis, van de Poppe states that the key level for the rise is $0.50. If the SEI exceeds this level, it has the potential to accumulate liquidity and reach a new high. Van de Poppe says that a breakout of SEI above the $0.50 level would mean that it would break the current resistance in the market and the token could surpass its previous highs and make a new “all-time high.” He also suggests that if SEI gains such momentum, it could enter a similar growth trend as other layer 1 projects such as Sui. The analyst made the following comments:
When we look at technical analysis, we see that SEI is in a narrow consolidation range. If it can break above the $0.50 level, this will be a strong signal for the token to surpass its previous highs and set a new record.
Sei stands out as a layer 1 blockchain that focuses especially on DeFi applications. Thanks to its features such as fast transaction times and high scalability, it offers an attractive option for DeFi projects and decentralized exchanges. Sei, which attracts the attention of investors with these features, stands out with an infrastructure that can compete with giants such as Solana in the crypto world.
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