Cryptocurrency analyst Michaël van de Poppe has indicated that Sei (SEI), a layer-one blockchain project, may experience a substantial increase of over 46% in the upcoming month. Van de Poppe, who has a following of 724,900 on X, pointed out the positive momentum SEI is currently demonstrating.
The expert forecasts a potential surge for SEI to potentially reach $0.34, with a likelihood of even surpassing previous peaks and hitting $0.44 by October. As of now, SEI is valued at $0.30, reflecting a 7% rise in the past 24 hours.
Van de Poppe also highlighted the optimistic scenario for Bitcoin, suggesting that if it can solidify support at $58,000, Bitcoin (BTC) could strive to reclaim the $62,000 mark. BTC is presently trading at $58,198, showing a nearly 4% increase over the last 24 hours, with the analyst anticipating a swift surge to $62,000 upon breaching the $58,000 level.
Furthermore, Van de Poppe discussed a potential decline for Ethereum (ETH) compared to Bitcoin (ETH/BTC) in case Bitcoin ascends to the $60,000 zone. With ETH/BTC trading at 0.04039 BTC ($2,351), down by more than 1% in the past 24 hours, Van de Poppe advises close monitoring of the ETH/BTC pair for any fluctuations.
To summarize, the analysis by the cryptocurrency expert underscores the positive projections for Sei (SEI) and Bitcoin (BTC), underscoring the importance of staying vigilant in monitoring market shifts, particularly in the swiftly evolving cryptocurrency domain. For the latest updates in the crypto market, ensure to subscribe to email alerts.
