Sei Worth Prediction: SEI Rockets 180% In A Month As This Meme Coin With A 100X Monitor Document Closes On $1.5 Million Raised


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The Sei worth has surged 180% up to now month and 25% in 24 hours to commerce at $0.7478 as of three:40 a.m. EST time as buying and selling quantity jumped 14%.

With this surge, Sei worth has recorded an all-time excessive of $0.8000 marked by the January 2 intra-day excessive. The current surge comes amid rising investor curiosity in SEI after an eventful 2023.

With a profitable document of accomplishment witnessed in 2023, the Sei Community managed to achieve a milestone of over 1 billion transactions. This stays proof of rising real-world adoption.

Furthermore, strategic partnerships with entities corresponding to Kryptonite and Gecko Terminal have helped increase the Sei ecosystem. Different worth additions embody deliberate upgrades corresponding to EVM compatibility, which helped improve Sei’s attractiveness for decentralized app (dApp) builders.

Moreover, comparisons drawn with networks like Solana additionally enhanced expectations of SEI with the ability to attain larger valuations. With these, SEI adoption continues to extend, bolstered by endorsement from main enterprise companies, amongst them, Multicoin Capital, an integration that has performed an enormous position in including credibility to Sei’s place as a formidable contender within the Layer 1 (L1) sector.

SEIYAN Meme Coin Turns into A Cult Time period For SEI Holders

The Sei worth additionally benefited from the current meme coin fever, with SEIYAN turning into a cult time period for SEI token holders. Meme coin SEIYAN has recorded a outstanding surge, rising round 400% in every week, with the overflows from this frenzy spilling over to the SEI market and inflicting a surge in Sei worth.

Sei Worth Prognosis With Bullish Fundamentals Complemented By Technicals

With sufficient ecosystem fundamentals to drive the surge, Sei worth is pumping exhausting, with technical indicators additionally supporting the bullish outlook.

Sei worth shattered previous the $70.5% Fibonacci retracement degree of $0.5827 throughout the January 1 buying and selling session. This was after three failed makes an attempt, with the breakout seeing the altcoin fill the market vary between the $0.0642 and $0.7997.

Nevertheless, momentum seems to be fading, as indicated by the Relative Energy Index (RSI) deviating from the earlier northbound transfer. Additionally, SEI is already massively overbought, based mostly on the place of the RSI at 80. With this outlook, a correction could also be underway.

Nonetheless, buyers who nonetheless have open lengthy positions on SEI mustn’t shut them, till such a time when the RSI attracts in direction of the 70 degree. It is because with the sturdy worth power, the broader market optimism and the truth that the bulls keep a robust presence within the SEI market, the chances nonetheless favor the upside.

Proof of the bulls’ presence within the SEI market could be seen within the Superior Oscillator (AO) and the Transferring Common Convergence Divergence (MACD) within the optimistic territory. Each their histogram bars are additionally flashing inexperienced, which accentuates the bullish thesis.

Moreover, the MACD continues to maneuver above the sign line (orange band) after crossing above it on December 18. This exhibits the upside stays the trail with least resistance.

Elevated shopping for strain above present ranges might see Sei worth reclaim the $0.8000 vary excessive, or in extremely bullish instances, clear it to document a brand new vary excessive above it.

Sei price
coinnewswirescom: SEI/USDT 1-day chart

Converse Case

On the flip facet, with SEI already overbought, buyers also needs to contemplate the opportunity of a correction, which might see Sei worth pull south, probably dropping the 70.5% Fibonacci assist at $0.5827.

Additional south, the droop might ship Sei worth decrease, going as little as to check crucial Fibonacci, 61.8% at $0.5188. For the bullish outlook to be invalidated, nevertheless, the droop should lengthen for the value to slide under 50% Fibonacci at $0.4320 and shut under the 38.2% retracement degree at $0.3452.

Traders seeking to keep away from the danger related to Sei worth can contemplate Sponge V2, one among analysts’ high picks for the very best altcoins to spend money on with potential for max returns.

Promising Alternate options To SEI

Sponge V2 stands among the many 5 new cryptocurrencies to spend money on 2024.  When shopping for or staking Sponge V1 by way of the web site, buyers obtain an equal quantity of Sponge V2, after which obtain staking rewards from their locked V1 tokens over 4 years.

 

The venture has distinguished itself from different presales, such that to amass this new token, you’ve two choices: Both purchase and stake Sponge V1 by way of the Sponge.vip web site’s purchase widget or stake the Sponge V1 tokens that you just at present maintain by way of the Sponge.vip web site.

The extra V1 tokens you stake, and the longer you stake them, the extra V2 tokens you’ll earn. As soon as the remaining provide of Sponge V1 is exhausted, Sponge V2 will develop into claimable.

In response to consultants, Sponge V2 will dominate the crypto scene at launch, with the identical analyst anticipating 100X development potential.

It’s subsequently a second likelihood for buyers who missed the preliminary surge. Tron founder and Huobi International advisor Justin Solar can also be a Sponge supporter, with a pockets tackle (0x176f3dab24a159341c0509bb36b833e7fdd0a132) tagged as ‘Justin Solar 4’ on Etherscan holding 108 millionSPONGE V1 valued at $43,246.

Anybody who thought Sponge V1 was good ought to take a look at Sponge V2, which is stronger and higher, with extra utility.

Go to the web site to purchase Sponge V2 right here.

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