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SEI

SEI Token Surges 35%, Reaching New All-Time HighSei (SEI) has been registering notable gains over the past month with the asset’s recent rally over the 24 hours helping it reach a new all-time high (ATH). SEI surged by 35% in the past 24 hours and is currently trading at $0.2659, marking a new ATH. The asset’s market cap stands at $645 million at the time of writing. Data shows that Sei’s daily trading volume has surpassed its market capitalization, hovering around the $656 million mark. It’s important to note that only 2.175 billion SEI tokens have been added to its circulating supply so far, which has a total supply of 10 billion coins. Moreover, Sei registered an 85% and 170% surge over the past week and past 30 days, respectively. SEI is still sailing in the bullish zone as it’s above the $0.22 support zone. A price plunge below the $0.20 resistance zone could potentially put the asset in a highly volatile condition. Last week, SEI registered a 91% surge in seven days after a strategic investment from Circle, the issuer of the second-largest stablecoin USDC. Sei blockchain to add Ethereum Virtual Machine support in V2 upgrade Trading-focused Layer 1 blockchain Sei will add support for the Ethereum Virtual Machine (EVM) in its upcoming version 2 (V2) upgrade. This will enable developers to port Ethereum-based contracts over to the network and use them on it. To add this feature, Sei V2 will incorporate Geth, a Go implementation of the Ethereum Virtual Machine. Geth is the most widely used Ethereum client software. Expanding on Sei V1 Sei has been operational on the mainnet beta since the V1 launch in August, offering support for Cosmos smart contracts written in Rust. With Sei V2, the team behind it aims to broaden its appeal to a wider range of developers. The development will add a fully parallelized EVM-compatible layer with sub-second finality (the speed at which transactions are confirmed). What is Sei? Sei is a Cosmos SDK-based proof-of-stake blockchain, designed to be optimized for trading with its ability to execute sub-second blocks. In April 2023, Sei Labs, the core developer of the network, raised $30 million in two strategic funding rounds from venture firms including Jump and Multicoin Capital. With functionality that supports fast decentralized trading, Sei targets a specific niche where it competes with other Cosmos chains like Osmosis, Kava, Injective, Neutron and Kujira.
Long
by DEXWireNews
#SEI#SEI on H4 I see continuation of the pump up to $ 0.3074. On D TF At the moment, the $0.2186 level is the support level. If the coin is consolidating or above this level, then the coin is likely to continue its upward movement to $ 0.3074, where we can see a bearish reaction and most likely a decline to approximately $0.2467 (n.1 - 3), where the main thing is to see that the price is held above $ 0.2467, then we can see more one move up as much as 0.3942$ (n.4) 0.3942$ - the level is also a resistance, only breaking through this level will give an increase to 0.4803$ and possibly higher. Or the coin breaks through the level of 0.3074$, closes with H4, H12, D candles above this level, then of course the coin will continue its growth to the next value of 0.3942$ (n.5) Option number 2 is if there is a closing of H4, H6, etc. below $0.2186, then the continuation of the global upward movement is possible from $0.1767 - $0.1886 Closing below these ( $0.1767 - $0.1886) values leads to a bearish trend. Where bounces are possible from the following values, which are indicated by green lines on the graph.
Long
by vazitrades
4
Why Is SEI Pumping?SEI has spiked by 28% today and more than 80% in the last 4 weeks. With its price presently at $0.2, what is causing this sudden pump and how high can it go? What Is the SEI Token? The SEI token is the native digital currency of the Sei blockchain network. Developed by Sei to facilitate decentralized exchange functionality, SEI was designed to provide developers with a robust technological infrastructure for building secure, efficient applications and services. SEI is breaking out of its supply zone around $0.19. With a 24-hour trading volume of $441,026,634 USD. Sei is up 26.33% in the last 24 hours. with a live market cap of $364,305,964 USD. It has a circulating supply of 1,800,000,000 SEI coins.
Long
by DEXWireNews
SEI/USDT It required break the resistance to continue upward!💎 SEI has undoubtedly had a significant impact on the market. Currently, SEI is encountering the local resistance area at $0.1305. If SEI starts to display several bearish rejection candles, it could be indicative of a potential downturn, leading SEI back to a retesting phase at the demand area, with the aim of generating fresh momentum to breach the resistance zone. 💎 However, if SEI successfully overcomes the resistance in the near future, it will be poised for further upward movement and could probability reach our target zone, which includes the supply and major supply areas. 💎 On the flip side, if SEI, during its retesting phase within the range of $0.1180 to $0.1140, fails to sustain this level and even breaches the demand area, this would signify an adverse development for SEI. It would signal a shift back to a bearish trajectory, with the possibility of descending to the key support area.
by MyCryptoParadise_Nathan
7
SEI/USDT Break out the Descending channel, Bullish Momentum ??Yello Paradisers, Keep an Eye on SEI: A Trend Reversal in Play 💎 SEI has not only broken out of its descending channel pattern but has done so with significant volume. 💎 Additionally, SEI has surpassed the 'Choch' area, often considered a trend reversal indicator, signaling a shift from a bearish to a bullish trend. After hitting a bearish Order Block (OB) zone, SEI experienced a pullback, which is likely a retest or the formation of a new higher low in the hourly OB, before resuming its upward trajectory. 💎This bullish narrative would be negated if SEI breaches the bullish invalidation point and closes below it.
Long
by MyCryptoParadise_Nathan
Sei: Pioneering the Future of Cryptocurrency Beyond EthereumIn the ever-evolving landscape of cryptocurrency, a revolutionary force is on the rise, poised to surpass even the most established giants. Meet Sei, the cryptocurrency that is redefining the possibilities of blockchain technology and set to outshine Ethereum on the global stage. Sei's foundation rests on a powerful infrastructure, setting a new standard for speed and efficiency in the industry. Unleashing its potential through the groundbreaking Twin-Turbo Consensus, Sei boasts unparalleled transaction speed, all the while maintaining remarkably low transaction costs and an industry-leading throughput. In the realm of modern applications, where performance and scalability are paramount, Sei emerges as a true trailblazer. However, what truly sets Sei apart is its unwavering commitment to security. Crafted from the ground up with security as the foremost priority, Sei is fortified by the backing of some of the world's largest and most trusted institutions. With Sei, security is not an afterthought—it's the very foundation upon which the future is built. Sei's user-centric approach echoes throughout its architecture. Fully open-source and with native frontrunning protection, Sei ensures a level playing field for all participants. Its seamless interoperability and multiple layers of transaction bundling only further emphasize Sei's dedication to user empowerment and fairness. Now, let's draw comparisons to better understand Sei's groundbreaking capabilities: - **Bitcoin:** With a transactional throughput of 10 tps and a transactional finality of 60 minutes, Bitcoin pales in comparison to Sei's lightning speed. - **Ethereum:** Ethereum, while a giant in its own right, boasts a transactional throughput of 20 tps and a transactional finality of 6 minutes, still unable to match Sei's impressive metrics. - **Solana:** Solana, known for its scalability, achieves a transactional throughput of 10,000 tps and a transactional finality of approximately 2.5 seconds. Yet, even Solana bows before Sei's unparalleled capabilities. Sei shines as a beacon of innovation, boasting a transactional throughput of 20,000 ops and a transactional finality of just 500 milliseconds. With native frontrunning protection and a processing style that parallels Solana, Sei demonstrates its commitment to pushing the boundaries of what is achievable. And who's already building on Sei? Recognizable names in the industry, such as Axelar, Pyth, Sushi, Kargo, and Nitro, have harnessed Sei's capabilities to create cutting-edge applications in various domains, from infrastructure to DeFi and beyond. Sei is not just another cryptocurrency; it's a paradigm shift, a glimpse into a future where speed, security, and scalability harmoniously coexist. As we embark on this journey of innovation, Sei's potential knows no bounds. It's time to embrace the dawn of a new era in cryptocurrency—a future where Sei shines brighter than the rest. Start building your vision on Sei, and together, let's shape the destiny of blockchain technology."
Long
by SophiaAnderson
1
SEI.asx continues the move higher as buyers step up the pressureSEI continues to drag in buyers to hold higher levels with clear skies up to the 0.10 Zone. Price oscillated around the 0.03 level before building a head of steam and cementing the trend higher. We expect the move to continue with a push through 0.06 in the coming days. ** If you enjoy our free content, please follow our profile, by hitting the Follow button, at www.tradingview.com to get further high quality ideas. ** ** Any comments and likes are most welcome and will be greatly appreciated. ** ** With high quality alerts and correct Risk Management, you can learn consistency and grow your account **
SLong
by TradeTheStructure