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BTC price fell to unexpected lows after the spot ETF approval, but bullish price action from altcoins could be an early sign of a reversal.
In the dynamic trading world where time is of the essence and you are looking for a combo of speed and low fees, the SEI Network is the fastest decentralized Cosmos-based L1 blockchain that is trading-based with the availability of decentralized exchanges (DExs). The SEI Network has been optimized to handle large volumes of transactions quickly and efficiently while keeping costs low.
The Bitcoin spot ETF approval could have sparked an altcoin rally, with other cryptocurrencies outperforming the leader Bitcoin (BTC). With an institutional focus on BTC, the cryptocurrency market opens the door for what might be an altcoins' weekend.
Widely followed crypto trader Altcoin Sherpa is bullish on one altcoin operating in the Bitcoin (BTC) ecosystem. The pseudonymous analyst tells his 205,000 followers on the social media platform X that Stacks (STX) has more upside potential. “STX: entry at $1.75 or around there would be excellent. Eyes on this one.
SEI Token, the digital currency native to the Layer-1 blockchain network Sei, is making a robust comeback, leaping by 20% in the past 24 hours and hitting $0.75 once more. Riding the wave of the altcoin bull run, the SEI token's price has experienced an impressive 170% surge over the last month.
In the past week, the crypto market recovered from a big crash of nearly $600 million, bringing Bitcoin back to around $45K, close to where it was before the crash. Altcoins also gained, but they didn't follow the same path as Bitcoin because its dominance increased.
In the last seven days, the crypto market bounced back from a nearly $600 million crash, sending Bitcoin close to its pre-crash levels at $45K. Additionally, altcoins made notable gains, but they diverged from Bitcoin's path due to the rising BTC dominance.
There's a saying on Wall Street: “As goes January, so goes the year.” People who follow the January Barometer believe that how well the market does in the first month can give a hint about how the rest of the year might go.
“As goes January, so goes the year”. This is a popular belief in the Wall Street circles.
SEI ecosystem sees robust growth with SEILOR token up 80%, and astroport leading in application market value.
An analyst from the More Crypto Online YouTube channel suggests the price of SEI could go higher following an 84.6% price surge in the last week.
The SEI token from the Sei Network has witnessed a remarkable 80% increase in value in the past week, as most of the leading cryptocurrencies drown in red amid wild speculations about the approval of a Bitcoin ETF by the US Securities and Exchange Commission that wobbled the market. SEI's rally has been driven by the growing adoption of Ethereum Virtual Machine-compliant blockchains and the implementation of parallelization processes.
Polygon Labs disputes Sei's claim of becoming the first parallelized EVM chain.
EVM parallelization is emerging as a breakout narrative in 2024.
The world's largest crypto exchange Binance on Wednesday said it will add new borrowable assets and new trading pairs on cross margin and isolated margin. Binance plans to expand margin trading for some trending crypto such as Solana (SOL), BNB, NFPrompt (NFP), and SEI.
This advancement enables simultaneous settlement of multiple transactions, significantly benefiting SEI token holders, with substantial rewards observed on the first day of 2024.
The SEI cryptocurrency, the native token of the Sei blockchain, hit an all-time high of $0.79 this week after an impressive 70% surge over the past seven days. This surge in price is attributed to several key developments and indicators in the Sei ecosystem.
The Dragon Ball-themed SEIYAN meme coin has been gathering energy—and gains—on the Sei Network's Layer 1 blockchain.
Taking to X on January 2, Jay Jog, the co-founder of Sei, Sei V2, is functionally “code complete” with Zellic and OtterSec, two blockchain security firms, auditing the code base. This development comes as the platform's native coin, SEI, continues to surge, reaching all-time highs just four months after the launch of the high-performance blockchain in August.
Crypto analyst Rekt Capital suggests that the altcoin season could be on the horizon. In a recent post on X, a popular platform, the analyst used a chart to explain that whenever Altcoin Market Cap successfully underwent two historical retests, a third retest usually followed in the weeks that came after.
The altcoin season is beckoning, according to the latest insights by crypto analyst, Rekt Capital. In a post on X, the widely followed trader while highlighting with the help of a chart, reckoned that “every time Altcoin Market Cap performed two historic retests successfully,” there was a likelihood for “a third retest followed in the
With its market cap of nearly $1.8 billion, SEI surpassed crypto assets like SAND, AXS, and FTM.
Memecoin SEI, in the past week, rallied 58.6% making it the second best-performing crypto performer after Bitcoin SV with 97.3% gains. In the past 24 hours, SEI traded 22% higher, taking its monthly gain to 195%.
According to CoinMarketCap, SEI is leading the Jan. 2 charts with 23.7% price gains alongside a market capitalization increase across the market of 5.5%.
