In a recent analysis, Bluntz, known as one of the experts in the cryptocurrency market, shared his remarkable views on the future of some altcoins. In particular, the analyst pointed out that a layer-one blockchain SEI could see a huge increase in value. Bluntz’s analysis shows that SEI could jump from its current value to $2. predicts.
$SEI just keeps consolidating then breaking higher, i did think $1 psychological level on sei was a good target.
NEWS CONTINUES BELOWafter checking out sei/btc now i think $2 is not outside of the realm of possibility.
trading this on bybit 👇https://t.co/zHX9WYRMOM pic.twitter.com/kcpU6POX3I
NEWS CONTINUES BELOW— Bluntz (@Bluntz_Capital) February 13, 2024
This prediction is based on a comprehensive technical analysis based on Elliott Wave Theory. This theory holds that asset prices move in predictable patterns and signals that SEI’s uptrend is not over yet. It is noted that SEI is gaining upward momentum, breaking out of a downtrend line while currently trading at $0.983.
Bluntz’s analysis is not limited to Sei; He also predicts a positive future for Solana (SOL). This prediction, which states that there is a potential for the SOL value to rise from the current situation to $ 150, is based on the successive rising bottoms seen in the SOL / BTC pair. Currently, SOL is trading at $111.97, down 2.77% in the last 24 hours.
sol/btc shaping up beautifully here.$left is gonna rip imo, $150 LFG pic.twitter.com/gU6cuZwWb8
— Bluntz (@Bluntz_Capital) February 12, 2024
As we reported as Koinfinans.com, while Sei and Sui showed a general downward trend, Sei’s total value locked (TVL) in particular increased by 90% to $18.02 million. This growth is remarkable when compared to the less than 30% increase in TVL of other platforms such as Ethereum and Solana.
