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Sei Blockchain's token was one of the best performers on Tuesday as it surged to a high of $0.3885, its highest point since August 16th. The token has risen by more than 273% from its lowest point this year.
Sei (SEI) registered significant gains over the past day as its social activity and open interest (OI) more than doubled in just 24 hours. SEI is up by 35% in the past 24 hours and is trading at $0.
The crypto prices today noted strong gains as investors seem to be regaining confidence in the digital assets space. Meanwhile, the market has been highly volatile from last week, due to the growing regulatory concerns and other macroeconomic factors weighing on the sentiments.
Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.
Rather than holding a fraction of a Bitcoin (BTC), investors often explore new cryptocurrencies with lower market caps and unit prices per coin and token, aiming for increased growth potential. While this strategy can be rewarding, it comes with numerous risks.
SEI's price dropped from $0.29 to $0.23 within 24 hours. The EVM integration would increase throughput and reduce transaction costs.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $38,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the key $2,000 mark this morning.
Sei Labs introduced version 2 upgrades for its Sei L1 network which includes support for Ethereum Virtual Machine (EVM) by adding Geth, a popular Ethereum programming language.
Sei Labs has announced plans to incorporate Ethereum Virtual Machine (EVM) support into its upcoming Sei V2 upgrade. This development will enable a seamless transition of Ethereum-based contracts onto the Sei network, marking a pivotal step in blockchain interoperability and functionality.
Layer1 network Sei revealed plans to add support for the Ethereum Virtual Machine in its upcoming v2 upgrade. That comes as the project continued to attract developers due to its speed. Meanwhile, the lack of EVM support challenged devs. The upgrade will allow developers to onboard and use Ether-based contracts on the platform.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $38,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,000 mark this morning.
The planned V2 upgrade will allow developers to port over Ethereum-based contracts to the Sei network and use them on it.
With the digital currency ecosystem in recovery mode, after Bitcoin (BTC) regained the $38,000 price level, altcoins like SEI are notably riding the wave in unusual ways. According to data from CoinMarketCap, SEI printed a jaw-dropping 35% surge overnight, pushing its price to $0.239.
Sei (SEI) has been registering notable gains over the past month with the asset's recent rally over the 24 hours helping it reach a new all-time high (ATH).
The broader crypto market sees optimism surrounding it as crypto prices today are looking bullish. As the market sees a new challenge around regulative actions, investors are keeping a close eye on the crypto prices.
The crypto prices today have continued to rally over the weekend, signaling an increasing interest in investors towards the digital asset space. Meanwhile, Bitcoin has recently hit the crucial $38,000 mark, which has fuelled optimism in the market, suggesting further rally in the market.
Bitcoin price rose to $38,000 for the first time since April 2022 in a relatively low-volume environment. This rebound helped push the total market cap of all cryptocurrencies to over $1.5 trillion as other coins jumped. Some of the other top-performing cryptocurrencies were Lisk, Sei, Spell Token, and GMX.
SEI, the layer-1 blockchain, witnessed a remarkable 91% surge in seven days, following a strategic investment from Circle. Data from CoinMarketCap shows SEI has now surged 91.13% to $0.20.
Circle, a stablecoin issuer, has announced its investment in a new layer-1 blockchain with the goal of broadening the applications for USDC, its digital asset pegged to the dollar.
Stablecoin issuer Circle is investing in a new layer-1 blockchain as a means of expanding the use cases for USDC, its dollar-pegged digital asset.
After a failure to break above the range highs at the start of this week, the SEI token price is once again knocking at the door. The next 24 hours would be very critical for the price of the relatively new smart contract cryptocurrency.
Circle Ventures, the venture arm of the stablecoin issuer Circle, invested in Sei to expand the USDC ecosystem.
In a significant development for the blockchain industry, Sei, the layer-1 blockchain launched in August, has announced a strategic investment from Circle, the issuer of USD Coin (USDC). This partnership signals a major expansion for both entities and underscores the growing importance of stablecoins in the digital asset ecosystem.
The event will spotlight 11 startups from the partnership's incubator program, including GameFi, SocialFi, and AI+Web3 firms.
