My lovely people! Get ready for this crypto gossip that is on fire! 🔥 Do you remember SEI? That cryptocurrency that sometimes stays quiet, well it turns out that in the last 24 hours it had a brutal rise of 13.6%! Total madness! 🥳
And what happened for this guy, SEI, to be so happy? Well, it turns out that there is a combo of good things that have him flying high. Grab this!
Wyoming chose it for its state 'stablecoin'! 🇺🇸💰
The main highlight of the news is that the Wyoming Stable Tokens Commission (yes, you read that right, an American state making its own digital currency!) chose Sei Network as a finalist to test its stablecoin called WYST! This is serious business, my friends! The launch is coming in July 2025 and they will use LayerZero's infrastructure.
And why SEI? Well, it seems that it outperformed heavyweights like Ethereum and Solana in tests because of its alignment with regulations and its scalability. Can you imagine? When they released this news on June 19, the price of SEI had already jumped by 6%! Anyone could gain confidence in this coin long-term!
It broke barriers and went bullish! 📈💥
But that's not all, the situation is also on the technical side! SEI broke a pattern that experts call "descending wedge," and that, my friends, almost always means that the price is going to skyrocket by more than 40%!
The numbers don't lie: open interest skyrocketed by 21.9% (reaching $131.96 million!), trading volume went through the roof with a 90.9% increase ($343.52 million!), and even those betting on a price drop lost their money, with liquidations of $284,000. Pure bullish fire! Exchanges like Binance and OKX confirm it, the balance is in favor of those who believe it will rise!
Moreover, the momentum indicators (those that tell you if things are going to keep going up) are in the green. The RSI is calm, showing no signs of being overbought, and the MACD continues to rise. Everything points to more profits!
The network is growing like crazy! 🌐🤩
And as if that weren't enough, the Sei network keeps growing. Daily active addresses are at 616,000, a 78% increase in just three months! And there are 1.51 million transactions being made daily. This is pure life on the chain!
They also have an initiative called "Sei Giga" designed for payments with artificial intelligence, so SEI is diving headfirst into the combination of blockchain and AI! They are not wasting time!
Despite the crypto market sometimes being a rollercoaster, SEI remains strong with a total value locked of $1.03 billion. That means its ecosystem is robust and enduring!
So, with the support of Wyoming, technical signals, and a lot of people using it, it seems that SEI has everything to keep rising! If it stays above $0.19, the next target is $0.30! Stay alert! Do you think SEI will continue this winning streak?
