Sei (SEI) Price Prediction 2023-2030: Will SEI Price Hit $1 Soon?

• The bullish SEI price prediction ranges from $0.7 to $1.8.
• Analysis suggests that the SEI price might reach above $2.2.
• The SEI bearish market price prediction for 2023 is $0.0992.

What is Sei (SEI)?

Built upon a layer-1 blockchain architecture using the Cosmos SDK framework, the SEI network is tailored specifically for high-frequency trading applications. The Twin Turbo Consensus enables the network to process transactions at lower transaction costs and at industry-leading throughput.

The company behind the SEI network, SEI Labs announced the launch of their mainnet on August 15, 2023, and just a day after that they registered SEI on multiple exchanges. Although many DExs suffer the exchange trilemma of maintaining scalability, decentralization, and capital  efficiency, SEI could maintain stability by leveraging the Cosmos SDK and Tendermint Core.

SEI Market Overview

HTTP Request Failed… Error: file_get_contents(https://api.coingecko.com/api/v3/coins/sei-network): Failed to open stream: HTTP request failed! HTTP/1.1 429 Too Many Requests

SEI Current Market Status

The maximum supply of SEI is unavailable, while its circulating supply is 2,175,000,000 SEI, according to CoinMarketCap. At the time of writing, SEI is trading at $0.282, representing a 24 hours increase of 29.40%. The trading volume of SEI in the past 24 hours is $757,106,294, which represents a 297.17% increase.

Some top cryptocurrency exchanges for trading are Binance, Bybit, Huobi, and Kraken.

Now that you know about SEI and its current market status, we shall discuss the price analysis of SEI for 2023.

SEI Price Analysis 2023

SEI Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).  The upper band, as shown in the chart, is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

Looking at the charts, SEI was initially trading in a less volatile market. However, by November, the candlesticks started to create large tremors in the market, causing the bands to expand slightly. Furthermore, when the candlesticks touched the upper band of the Bollinger Bands, a price correction was noticed in the market. 

SEI Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is overvalued or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. When the RSI reads a value (>70), then the crypto is overbought, which means that due to more buying, the demand has increased, and as such, the price has also increased. On the other hand, when it is oversold, many are selling, and as such, its price is undervalued.

The RSI is currently valued at 46.17, a level below the neutral zone at 50. The RSI made a bearish cross and fell. Earlier, when the RSI fell, the altcoin was experiencing a correction in between. This fall in RSI could further signify the correction of the altcoin, as it experienced a massive overbought-influenced surge in the charts.

SEI Price Analysis – Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. Moreover, the 50-Day EMA is considered the short-term length, and the 200-Day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-dat EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. 

The gradual and sudden spikes observed in the SEI market happened right after the crucial golden cross. After the 50SMA crossed above the 200SMA, the candlesticks started to afloat the 50SMA and held on it as a support. Looking at the chart, the 50SMA is able to maintain its distance away from the 200SMA, signaling the bullish run wont end soon.

SEI Price Prediction 2023

Looking at the 3-hour chart, SEI broke through several resistance levels in a short span of time. Initially, the growth was experiencing steady movement; however, by the end stages, a quick tremor in the market created a path for new volatility. Moreover, it seems that SEI candlesticks are moving 5-wave and the current correction could be part of Part A, which could signal a downtrend.

During the downtrend wave, SEI could fall back to $0.1454. However, on the other hand, if buyers enter the market, it could trigger bullish sentiment once again. The downtrend could be avoided if the market sentiment could change into greedy behavior. Moreover, the latest developments and changes in the market could also highly impact the market.

SEI Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for SEI based on the previous halving. Hence, we could expect SEI to trade at a price, not below $1.6 by the end of 2024.

SEI Price Prediction 2025

SEI  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, SEI  will continue to rise in 2025 forming new resistance levels. It is expected that SEI  would trade beyond the $7 level.

SEI Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, SEI  could tumble into its support regions. During this period of price correction, SEI  could lose momentum and be way below its 2025 price. As such it could be trading at $3.5 by 2026. 

SEI Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in SEI. As such we could expect SEI  to trade at around $2.5 by the end of 2027. 

SEI Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, SEI  may reciprocate its past behavior during the BTC halving. Hence, SEI  would be trading at $4.5 after experiencing a considerable surge by the end of 2028. 

SEI Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, SEI  could be trading at $20 by the end of 2029.

SEI Price Prediction 2030

After witnessing a bullish run in the market, SEI  and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, SEI  could be trading at $14.3.

SEI Price Prediction 2040

The long-term forecast for SEI  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then SEI  could fall in value. It is expected that the average price of SEI  could reach $37.8 by 2040.

SEI Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted my most people during the 2050s, we will see the masses believe more in it. As such SEI could reach $61.6. 

Conclusion

If investors continue showing their interest in SEI and add these tokens to their portfolio, it could continue to rise. SEI’s bullish price prediction shows that it could reach the $0.2 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions: