SEI Coin has recently been making waves in the cryptocurrency market. The coin has been on a significant upward swing, with traders eyeing for short setup confirmation after it fell below $0.26. Investors are questioning if
SEI Coin represents a sound investment, while big money investors bet on the SEI network for this market cycle. Several
altcoins including
BlockDAG, AVAX, FIL, SEI are viewed as potential leaders for the potential
bull run. Despite the mixed performance displayed by
Cryptocurrencies Sei, Aptos, Jupiter, hopes for a bull market remain alive. An update has significantly paved the way for
SEI, impressing investors and confirming its leadership potential in the crypto market. Over the last 24 hours, the coin has surged by 36%, signaling a bullish crossover for the first time in 70 days.
Furthermore,
SEI's price likewise increased after it was given approval by Japan's Financial Services Agency (JFSA), leading to a 101% increase in its daily active addresses. The anticipation is high that the coin can bounce from the $0.26 support, especially following the momentum from the
Japan approval boost. This approval from Japan's FSA has brought a symmetrical triangle breakout that predicts the next rally phase.
SEI Coin also surged by 47% in a week and broke a seven-month downtrend due to a boom in DeFi activity, with the coin's price rising by 28% in one week.
Notably,
SEI Coin has surpassed Ethereum with 609,400 daily active addresses, and its price surged 110% to $0.3350. Furthermore, the coin saw a boost after being selected for a stablecoin pilot by the Wyoming Commission. This gave SEI a 41% surge in the DeFi boom. Following this trail of increase, some believe that reaching the $20 mark is still a realistic target for SEI this bull run.
SEI Coin News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Tue, 08 Jul 2025 20:15:42 GMT -
Rating 9
- Innovation 9
- Information 9
- Rumor -6
