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COINTURK NEWS > Altcoin News > Michaël van de Poppe Highlights SEI Token’s Growth Potential
Altcoin NewsCryptocurrency News

Michaël van de Poppe Highlights SEI Token’s Growth Potential

In Brief

  • SEI token shows significant growth potential according to Michaël van de Poppe.

  • SEI could rise between 1,188% to 3,765% from current levels.

  • Monitoring SEI's development is crucial for market participants.

Ömer Ergin
Ömer Ergin 7 months ago
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Cryptocurrency analyst and trader Michaël van de Poppe believes that the Sei (SEI) token could significantly rise in this market cycle, emerging as a strong competitor to Solana $153 (SOL).

Contents
SEI’s Growth PotentialExpectation of Value Increase

SEI’s Growth Potential

In a recent video to his 166,000 YouTube subscribers, Van de Poppe expressed that Sei’s native token, SEI, holds “a lot of growth potential.”

Expectation of Value Increase

According to Van de Poppe, SEI could show an increase ranging from 1,188% to 3,765% from its current level. This surge is contingent on SEI’s fully diluted valuation being between 50 and 100 billion dollars, along with the continued growth of the ecosystem.

“If we estimate SEI’s fully diluted value to be between 50 and 100 billion dollars and the ecosystem maintains its current growth while surpassing token inflation, a peak between 5 and 15 dollars for SEI seems plausible.” – Michaël van de Poppe

To initiate its upward movement, SEI needs to increase by approximately 30% from its current level and break past a significant resistance zone. Technical analyses indicate that SEI is currently consolidating within a narrow range and could target a new all-time high if it surpasses 0.50 dollars.

“Looking at the technicals, it is consolidating in a very narrow range. If it surpasses 0.50 dollars, it will attract all the liquidity above the previous highs, potentially achieving a new all-time high beyond Sui.” – Michaël van de Poppe

Currently, SEI is trading at 0.388 dollars. Van de Poppe underlined that this potential rise could present an attractive opportunity for traders.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 2 November, 2024 - 8:05 pm 2 November, 2024 - 8:05 pm
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