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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 After A Successfull Trade Here Is The Second One. Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
Long
by MoonTradingForecast
1
#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
"Unlocking SEI's Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis of Sei Coin** Sei is a decentralized exchange (DEX) built on the Cosmos blockchain that aims to provide a high-performance and secure trading experience for users. The DEX uses a unique central limit order book (CLOB) design that is designed to be more efficient than traditional CLOB designs. Sei has also been designed to be interoperable with other Cosmos-based blockchains, which means that users can trade assets from different blockchains on the Sei DEX. Sei is still under development, but it has already attracted a significant amount of attention from the cryptocurrency community. The DEX has been praised for its innovative design and its potential to disrupt the DEX market. **Recent News about Sei Coin** * The Sei DEX has been in beta testing since July 2023. * The DEX has processed over $100 million in trading volume since it launched. * The Sei team has announced that they will be launching a mainnet in the near future. **Disclaimer** The information provided in this document is for informational purposes only and should not be considered investment advice. Please do your own research before making any investment decisions. **Disclaimer for Sei Coin** Sei is a high-risk investment. The price of Sei could go up or down significantly in the future. Please only invest money that you can afford to lose.
Long
by MoonTradingForecast
1