A popular crypto analyst thinks one layer-1 blockchain is gearing up for a run similar to the one Sui (SUI) has witnessed.
On the social media platform X, the pseudonymous analyst known as Bluntz shares a chart predicting a huge price explosion for the native token for the blockchain project Sei (SEI).
“I think SEI is gearing up for another run.
It had a clear parabolic impulsive rise earlier in the cycle, has already done a -84% cycle abc and has been basing for 6 months now and starting to turn up.”
SEI is trading at $0.408 at time of writing. The 63rd-ranked crypto asset by market cap is down nearly 12% in the past month but up more than 265% in the past year.
Bluntz is also bullish on Dogecoin (DOGE), sharing a chart that suggests the top meme asset could surge to around $0.375.
DOGE is trading at $0.169 at time of writing. The 9th-ranked crypto asset by market cap is down more than 2% in the past 24 hours.
In terms of Bitcoin, Bluntz tells his 290,300 X followers that BTC still has “many legs higher” in the current run-up. The analyst’s chart suggests the top crypto asset could surge to around $95,000 by the end of the year.
BTC is trading at $72,290 at time of writing.
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Generated Image: Midjourney