Solana

Sei Price Prediction: SEI Rockets 180% In A Month As This Meme Coin With A 100X Track Record Closes On $1.5 Million Raised

January 3, 2024
0 0 5 minutes read

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The Sei value has surged 180% previously 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 value 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 succeed in a milestone of over 1 billion transactions. This stays proof of rising real-world adoption.

Furthermore, strategic partnerships with entities resembling Kryptonite and Gecko Terminal have helped develop the Sei ecosystem. Different worth additions embrace deliberate upgrades resembling 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 corporations, 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 value 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 value.

Sei Value Prognosis With Bullish Fundamentals Complemented By Technicals

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

See also  7 Best Meme Coins to Buy Now for 10x Gains

Sei value shattered previous the $70.5% Fibonacci retracement stage of $0.5827 in the course of 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.

Nonetheless, momentum seems to be fading, as indicated by the Relative Power 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.

However, 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 stage. It is because with the sturdy value energy, the broader market optimism and the truth that the bulls preserve a powerful presence within the SEI market, the percentages nonetheless favor the upside.

Proof of the bulls’ presence within the SEI market will be seen within the Superior Oscillator (AO) and the Shifting Common Convergence Divergence (MACD) within the constructive 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 stress above present ranges might see Sei value reclaim the $0.8000 vary excessive, or in extremely bullish circumstances, clear it to document a brand new vary excessive above it.

TradingView: SEI/USDT 1-day chart

Converse Case

On the flip facet, with SEI already overbought, buyers must also take into account the opportunity of a correction, which might see Sei value pull south, doubtlessly dropping the 70.5% Fibonacci assist at $0.5827.

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

Traders seeking to keep away from the chance related to Sei value can take into account Sponge V2, certainly one of analysts’ top picks for the best altcoins to invest in with potential for maximum returns.

Promising Options To SEI

Sponge V2 stands among the many five new cryptocurrencies to invest in 2024.  When shopping for or staking Sponge V1 via 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 mission has distinguished itself from different presales, such that to accumulate this new token, you may have two choices: Both purchase and stake Sponge V1 via the Sponge.vip web site’s purchase widget or stake the Sponge V1 tokens that you just at present maintain via 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 change into claimable.

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

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It’s subsequently a second likelihood for buyers who missed the preliminary surge. Tron founder and Huobi World advisor Justin Solar can also be a Sponge supporter, with a pockets handle (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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January 3, 2024
0 0 5 minutes read

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