Sei Price Prediction as Binance Listing Sends Price Soaring – New Airdrop Coming?
The Sei price has rocketed by 29% in the past 24 hours, surging to $0.256859 after the new utility token was added to Binance and other major exchanges yesterday.
The native token of new layer-one blockchain Sei, which is designed to facilitate speedy cross-chain trades and transactions, SEI has also risen by 60% since CoinGecko began tracking it yesterday.
On the other hand, it has fallen by 43% since hitting a record high of $0.455153 yesterday, yet given it's very early age, it could easily rally again in the next few days.
Given that SEI has been listed on exchanges for barely more than a day, there isn't too much to say about its price action, other than the fact that it seems to be regaining some strength again after yesterday's surge and correction.
Its relative strength index (purple) has refused to fall below 50 after surging past 80 yesterday, meaning that it has still retained some buying momentum even after many traders took profits.
And given this it is an extremely new – and much hyped – cryptocurrency, it could easily rise again in the next one or two days, potentially pushing back up to $0.30 or even higher.
SEI is the native of the Sei Network, which is a proof-of-stake layer-one blockchain that is "specialized for trading," as its whitepaper explains.
In particular, Sei's network innovates with "novel approaches" for transaction ordering, block processing and parallelization, while also providing "a highly optimized order placement and matching engine."
This means it has been designed to cater to exchanges and to DeFi platforms, with its network having cross-chain interoperability features that should give it wide application within the crypto ecosystem.
It seems that much of the market agrees with this
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