SEI Crypto Just Went Vertical: 31% Surge Leaves Other Altcoins in the Dust

SEI Crypto Just Went Vertical: 31% Surge Leaves Other Altcoins in the Dust

Crypto has been an emo girl during puberty with a mix of red candles, exit scams, and uncertain vibes all in a stagnant market. But SEI crypto is doing the opposite, pumping 31% like it didn’t get the memo of a potential WW3.

SEI surged from $0.158 to $0.268, flipping market despair into something that resembles bullish structure.

Let’s break down why SEI could outperform SUI, Solana and other L1s and our SEI price prediction:

Sei
Price
Market Cap
SEI
$1.39B
24h7d30d1yAll time

SEI Crypto Gains Ground with Record Network Activity

SEI’s rally is moving with DEX volume to match. DEX activity hit an all-time high this week, crossing $263 million, while token volume topped $284 million in a single day.

After months of modest movement, interest in the network is clearly accelerating. June 17 brought more fuel to the fire with $9 million in daily spot inflows, the biggest spike this year. Derivatives markets followed suit, with open interest leaping by over 60% and total volume clearing $1.16 billion.

Adding to investor optimism, SEI Network was recently shortlisted as a candidate blockchain for Wyoming’s WYST stablecoin.  Wyoming is always ahead of the curve for crypto innovation, and this fiat-backed pilot project enhances the credibility of SEI’s ecosystem in institutional settings.

And later in the year, SEI flips the switch on the Giga upgrade, a multi‑proposer EVM hell‑raiser that cranks throughput up 50x, slashes block times by 70x, and locks in sub‑400 ms finality. A lot is going for this project.

Technical Indicators Signal Sustained Momentum

Technicals are lining up for SEI. The $0.16 level held firm on the last dip, with price bouncing hard off that zone. Eyes now shift to $0.30 as the next test up top.

SEI’s RSI is stretched past 72, yet momentum’s still leaning bullish, backed by a green MACD cross.

According to DeFiLlama:

  • The Total Value Locked (TVL) on SEI increased by 1.62% in the last 24 hours, reaching $506.38 million.
  • Perpetual and DEX trading volumes hit $63.63 million and $32.04 million, respectively, underscoring elevated DeFi activity.
  • App fees and revenues are climbing, generating $102,821 and $21,848 daily.

What’s Next for SEI?

SEI isn’t coasting on hype. The rally is underwritten by network usage, investor buy-in, and technical tailwinds all moving in sync. The pieces are on the board.

A pullback wouldn’t shock anyone, but zoom out, and SEI still looks underpriced. As analysts like Invest Answers note, SEI beats out SUI on most metrics except DEX volume, yet trades at a fraction of the valuation. A move to SUI’s market cap would price SEI near $4, a clean 20x from here.

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Key Takeaways

  • SEI crypto is doing the opposite, pumping 31% like it didn’t get the memo of a potential WW3.
  • The rally is underwritten by network usage, investor buy-in, and technical tailwinds all moving in sync.

The post SEI Crypto Just Went Vertical: 31% Surge Leaves Other Altcoins in the Dust appeared first on 99Bitcoins.

editorial staff