SEI climbs up 22% to strike brand-new all-time high after dull launch Assad Jafri · 2 months ago · 2 minutes checked out
Sei’s SEI cryptocurrency reaches brand-new high with 70% week-on-week rise driven by network turning points, technical developments, and tactical collaborations.
2 minutes checked out
Upgraded: Jan. 2, 2024 at 11:01 pm UTC
Cover art/illustration through CryptoSlate. Image consists of combined material which might consist of AI-generated material.
The SEI cryptocurrency, the native token of the Sei blockchain, struck an all-time high of $0.79 today after an excellent 70% rise over the previous 7 days. This rise in cost is credited to a number of crucial advancements and signs in the Sei environment.
Based upon CryptoSlate information, the cost of SEI stood at $0.75414, with a market capitalization of $1.73 billion and a 24-hour trading volume of $1.23 billion. The cryptocurrency has actually experienced a substantial boost of 12.45% in the last 24 hours and a remarkable development of 186.27% over the previous 30 days.
Development motorists
Numerous elements have actually added to the exceptional development given that its rather uninspired airdrop and launch on exchanges in August 2023. Secret amongst them is the Sei Network’s turning point of processing over 1.1 billion deals, showing a growing real-world adoption of the blockchain.
The SEI token is the main currency for activities on the Sei blockchain, and the network’s growth and technical accomplishments are most likely driving financier interest.
Technological developments have actually likewise played an important function. Sei has actually attained a noteworthy technical turning point by decreasing its time-to-finality to 390 milliseconds, among the fastest in blockchain networks.
Sei has likewise just recently executed internal parallelization of the Ethereum Virtual Machine (EVM), boosting the effectiveness of decentralized applications on its blockchain.
Collaborations and meme coin fever
Furthermore, tactical collaborations and advancements like the Atlantic-2 Testnet and the Pacific-1 Mainnet beta launch have actually more strengthened the network’s trustworthiness.
Strategic collaborations and recommendations have actually likewise played a considerable function in driving the cost rise. Sei Network just recently partnered with entities like Kryptonite and Gecko Terminal to broaden its environment.
Furthermore, the SEI token has actually gained from the current meme coin fever, with SEIYAN ending up being a cult term amongst SEI token holders. This has actually assisted drive more interest and financial investment in SEI.
In regards to market efficiency, SEI has actually revealed impressive strength, tape-recording a considerable variety of green days, which shows robust and continual need. The cryptocurrency’s high liquidity and market capitalization make it a beneficial option for traders and financiers.
Published In: Tokens, Trading
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