A prominent crypto analyst, Pentoshi, is predicting good things for a Solana competitor, even as Bitcoin’s price falls. He believes the Sei (SEI) token is poised for further growth.
Sei (SEI) Looks Strong
Pentoshi, who boasts a large following on X (formerly Twitter), highlighted Sei’s strength during Bitcoin’s recent dip below $90,000. He noted that SEI’s price action shows a strong upward trend, even compared to a similar setup from November. He expects altcoins, like SEI, to continue rising while Bitcoin stabilizes. At the time of writing, SEI was trading at $0.69, up 12.9% in the last 24 hours.
Celestia (TIA) Also Shows Promise
Pentoshi also expressed optimism about Celestia (TIA), another blockchain project. He pointed to TIA breaking through a key resistance level around $7.00 as a positive sign, predicting further price increases. TIA was trading at $8.22, up 3.9% at the time of writing.
Altcoins Poised to Outperform Bitcoin?
The analyst believes altcoins are ready to outperform Bitcoin. He cited a drop in Bitcoin Dominance (BTC.D) – the percentage of the total crypto market cap held by Bitcoin – below 60% as evidence. A falling BTC.D suggests that altcoins are gaining market share. He observed significant gains in both USD and BTC terms for several large and mid-cap altcoins. At the time of writing, BTC.D was at 58.61%.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
/p>
