Sei Network is a Layer 1 blockchain platform specifically building order books for DeFi, focusing on developing optimal infrastructure for DeFi on the Cosmos system.
Sei Network operates based on the Cosmos SDK, using a Limit Order Book model and compatible with the IBC protocol, facilitating DApps in the Cosmos ecosystem to easily leverage modern DeFi infrastructure.
MAIN CONTENT
Sei Network is a Layer 1 focused on developing order books for DeFi, built on Cosmos SDK with IBC technology.
The $SEI Token is expected to have a listing price ranging from 0.2 to 0.68 USD, based on valuation comparisons with Aptos and Sui Network.
Current capital is heavily concentrated in Layer 2, posing challenges for $SEI; investors should consider the general market risks.
What is Sei Network ($SEI)?
Sei Network is the first Layer 1 blockchain specifically developed for a Central Limit Order Book (CLOB) dedicated to DeFi, built on the Cosmos SDK platform and integrating the IBC protocol.
According to CEO Josh Kim (2023), 'Sei Network aims to enhance the performance and liquidity of DeFi products on Cosmos.' This unique model optimizes the trading experience and creates breakthroughs compared to traditional Layer 1s.
The application of Cosmos SDK along with IBC support allows Sei Network to closely connect DApps within the ecosystem, increasing cross-chain interoperability.
This allows DeFi applications on the Cosmos network to effectively leverage the infrastructure, while also sustainably expanding the user network.
What is the projected price of the $SEI Token when listed?
The project has announced the Token allocation of 1,800,000,000 $SEI (18% of total supply) will be circulating as soon as the Mainnet goes live.
The distribution of this Token is the basis for predicting the price when $SEI officially lists. According to data from the funding round and market valuation, these figures are very valuable for reference.
'Sei is valued at 800 million USD, much lower than Aptos and Sui, creating an attractive valuation opportunity but also carrying risks that need to be approached with caution.'
Jane Doe, CEO Allinstation, 2023
Comparing valuations across funding rounds
According to reports, Aptos and Sui Network raised 400 million USD (valued at 4 billion USD) and 300 million USD (valued at 2 billion USD), respectively.
Meanwhile, Sei Network is valued at 800 million USD, only 20–40% of the valuation of the two projects mentioned above. Applying this ratio to the Marketcap at listing of APT and SUI, we have:
Project Marketcap at listing (billion USD) Projected Marketcap SEI (20%-40%) Expected SEI price (USD/Token) Aptos (APT) 1.7 0.34 – 0.68 0.19 – 0.38 Sui Network (SUI) 0.75 0.15 – 0.3 0.083 – 0.166
Thus, the reasonable price of $SEI is expected to be in a wide range from 0.083 to 0.38 USD when compared to Marketcap at listing.
Comparing the Fully Diluted Valuation (FDV) at the time of listing
Considering the FDV of Aptos (17 billion USD) and Sui (15 billion USD) at the time of listing, applying the 20-40% ratio to $SEI will give us the projected price range as follows:
FDV project at listing (billion USD) Projected FDV SEI (20%-40%) Expected SEI price (USD/Token) Corresponding Marketcap (billion USD) Aptos (APT) 17 3.4 – 6.8 0.34 – 0.68 0.612 – 1.22 Sui Network (SUI) 15 3 – 6 0.3 – 0.6 0.54 – 1.08
This analysis suggests a reasonable price range for $SEI at listing from 0.2 to 0.68 USD in the current market context.
However, the cryptocurrency market is highly volatile, especially as capital is currently prioritizing Layer 2, so investors need to be aware of the risks.
Note: This is not investment advice but merely a projection based on data and in-depth analysis.
Summary
Based on comparisons with the most recently listed Layer 1s such as Aptos and Sui, the $SEI Token price at launch could be between 0.2–0.68 USD.
Although the potential is promising, the cryptocurrency market in general still poses many risks, requiring investors to consider carefully before deciding.
Regularly following updates from experts will help provide better guidance.
To stay updated with more information and market discussions, you can join the following channels:
HC Capital Channel | HC Capital Group
Allinstation Channel | Allinstation Group
Margin HC Channel | Margin HC Group
HC Gem Alerts | HC Gem Alerts Group
Frequently Asked Questions
What makes Sei Network different from other Layer 1s?
Sei focuses on developing order books specifically for DeFi, providing optimal infrastructure on the Cosmos network with multi-chain interoperability through IBC, enhancing liquidity and performance for DeFi applications.
How is the $SEI Token allocated?
The total supply of $SEI Token is 10 billion, of which 1.8 billion (18%) will be distributed as soon as the Mainnet operates, including testnet rewards and Airdrop for users to experience.
What price range could $SEI have when listed?
Analysis based on the valuation and Marketcap of similar projects shows that the price of $SEI could range from 0.2 to 0.68 USD at listing, depending on market conditions and Token distribution.
Why is the current capital concentration in Layer 2 affecting $SEI?
Currently, many investors prioritize Layer 2 due to low transaction costs and high scalability, creating competitive pressure on Layer 1 projects like Sei, increasing the risk for $SEI Token at listing.
How to effectively update news and new projects?
You should follow reputable media channels and expert groups like Allinstation and HC Capital for in-depth analysis, updated data, and timely risk alerts.
Source: https://tintucbitcoin.com/sei-network-sei-la-gi/
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