The post Will Sei Price Skyrocket by 2028? appeared on BitcoinEthereumNews.com.

Sei is a blockchain that is designed for trading applications. Sei claims to offer better performance, security, and scalability than other Layer 1 blockchain.  Sei targets decentralized exchanges (DEXes) as its main use case as they are popular and demanding in crypto. Sei argues that DEXes have been limited by the drawbacks of existing blockchains. Source: coinmarketcap.com The price of Sei crypto surged 3.53% in Intraday and currently trades at $0.2896. The price trend analysis illustrates a strong outlook above the 50-day EMA. The Bulls are dominating the price trend and the price is headed higher. The daily chart shows that the price follows an upward trajectory forming a higher low and higher high price action.  Moreover, the technical indicator RSI implies that the price hovers in an overbought zone which might be a concern for the buyers. The price may take a pullback or consolidate and resume further.  Sei Price Prediction 2023 Source: SEI/USD By TradingView The volume analysis elaborates that it has a 24-hour trading volume of $398.59 Million with a rise of 16.25% as compared to the last day. The live market cap of Sei is $641.1 Million and it ranks 81st among the top cryptos. The volume-to-market cap ratio is 68.61% indicating low volatility in the market.  According to the optimistic view of the analysts, the price of Sei crypto can reach up to $0.344 by the end of the year, while the pessimistic view of analysts predicts that it could fall to $0.2239.  Sei Price Prediction 2024 As per the analysts, the most optimistic target that the Sei price may achieve is $0.648, indicating an upside potential of 119.90% from the CMP. The average analyst price target is $0.470 by the end of 2024. However, the pessimistic view of analysts estimated the price to reach…

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Filed under: News - @ December 5, 2023 9:16 pm