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A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is a bullish reversal structure suggesting that an asset is ready to witness a new uptrend. Says Altcoin Sherpa, “Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on but all in all, it looks really good for higher. Grabbing a bag a bit lower if it comes. Something like $0.60 would be a decent entry in my opinion.”  Source: Altcoin Sherpa/X At time of writing, SEI is worth $0.66. Another altcoin on the trader’s radar is the smart contract platform Fantom (FTM). According to the crypto strategist, FTM looks solid for long-term investors given its strong fundamentals. He a...

Hector Network is the latest project to have been affected by the Multichain shutdown. The majority of votes move to liquidate assets  The Hector Network, a team behind a decentralized finance (defi) project on the Fantom ecosystem, is taking steps to prevent further losses following the bridge hack on Multichain. The project put forth a proposal to the decentralized autonomous organization (DAO), suggesting either to liquidate assets in the treasury or to migrate the Hector Network, the assets, and the HEC token to another chain under a different brand. The snapshot reveals that 196 governance token holders have cast their votes, with 77.68% favoring liquidation over migration at the time of writing.  You might also like: Crypto lending protocol Geist Finances ceases operations after Multichain shutdown According to the proposal, the voting period will last for 48 hours, with two hours left before the time lapses. The Hector Network team said the reason for ...