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.
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
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 $0.394.
Sei Price Prediction 2025
The most optimistic analyst forecast for Sei crypto expects the price to reach a high of $0.939 with a potential gain of 219% from the CMP. The minimum forecasted price by the end of 2025 is $0.648.
Sei Price Prediction 2026
The SEI price may reach a high of $1.176 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.908 by 2026.
Sei Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $1.402. The minimum price that Sei may reach by 2027 is $1.118.
Sei Price Prediction 2028
On an optimistic note, the Sei price may advance to a high of $2.24 in the next five years. The minimum price target that the SEI crypto may achieve is $1.88.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
Source: https://www.thecoinrepublic.com/2023/12/05/sei-price-prediction-will-sei-price-skyrocket-by-2028/