Crypto Analyst Predicts Positive Momentum for Solana Competitor, Outlines Growth Strategy for Bitcoin and Ethereum
A prominent analyst in the cryptocurrency space has identified a potential high-growth opportunity in a competitor to Solana (SOL). Michaël van de Poppe, a well-known crypto trader, shared with his substantial following on the social media platform X his positive outlook on Sei (SEI), a layer-one blockchain project. Van de Poppe expressed optimism that SEI could experience a significant surge of over 46% in value within the upcoming month.
Van de Poppe remarked, “Altcoins are performing strongly. SEI is gaining momentum, and I anticipate it reaching $0.34, with a possibility of surpassing its previous peak. Ideally, it would establish a higher low and continue its upward trend to $0.44 by October.” At the time of writing, SEI was trading at $0.30, reflecting a more than 7% increase over the past 24 hours.
Shifting focus to Bitcoin (BTC), the analyst suggested that if Bitcoin manages to convert the $58,000 level into a support zone, it could potentially reclaim the $62,000 mark in the near future. Van de Poppe observed, “Bitcoin is following the anticipated trajectory. It has held above the critical level of $56,000 and is currently challenging resistance. Should $58,000 be breached, I expect a swift climb to $62,000.”
In the current market, Bitcoin was valued at $58,198, marking an almost 4% rise within the last 24 hours. Looking ahead, Van de Poppe also provided insights on Ethereum (ETH), predicting a potential decline against Bitcoin (ETH/BTC) if Bitcoin breaks out into the $60,000 range. He noted, “There are signs of a reversal in ETH’s bullish divergence, with a risk of dropping below 0.04 BTC. Further downside is probable if Bitcoin gains momentum towards $61,000-$62,000.” At the time of reporting, ETH/BTC was trading at 0.04039 BTC ($2,351), indicating a decrease of over 1% in the past 24 hours.
It is essential to note that investment decisions in the cryptocurrency space carry inherent risks, and individuals should conduct thorough research before engaging in high-risk ventures involving Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl does not provide investment advice and encourages investors to exercise caution in their financial endeavors.
