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The Sei price surged by over 16% in the last 24 hours to $0.73 as of 5 a.m. with trading volume jumping 21% to $755.2 million.
The token was launched in August 2023 and the project’s TVL has since reached $5 million. SEI went from a new, virtually unknown cryptocurrency to one of the highest-ranking new coins, and the largest cryptocurrency in the Binance Launchpool..
Sei Price Prognosis
Sei’s recent price surge has put the new token on the map for a lot of long-term investors, who now consider it to be a great new opportunity.
Given how new the token is, and how little trading history it has, there are no known liquidity zones in the area where it currently sits. In other words, traders are left to guess where the highs might be, and how high the token can go before it ultimately corrects.
The correction seen over the past few days is already being nullified, as the token’s price is once again heading up, and certain technical indicators suggest that SEI is not yet at the top.
The token’s Bollinger bands, for example, are significantly wider than they were before December 18, which is a bullish sign.
Meanwhile, its Relative Strength Index (RSI) score is slightly above neutral, after rising from the oversold zone, which accompanied the previous price drop.
In other words, after reaching its ATH, SEI saw a sell-off as some traders sought to take profits, which caused the token to see a price drop. Then, however, others rushed in to buy the dip, once again sending its price further up.
With the RSI score of 55.35, SEI price has a lot more room to grow before it enters the overbought zone, meaning that there is a good chance that the token will return to its former ATH at $0.87, and potentially even reach $0.9 if the price doesn’t get rejected once again.
Given the fact that there is still little historical data to consider, SEI’s upper limits are still unknown, which means that the token could, theoretically, target $1 as one of its larger goals and milestones.
Promising Alternative To Sei
While SEI’s price surge brought a small fortune to its early investors, there are projects expected to see even more impressive performance shortly. One such project is a meme coin known as Meme Kombat (MK).
This is a project that has created an innovative new platform designed for gaming enthusiasts, which revolves around memes.
However, it also offers rewards for all users, including the ability to make money from active betting, or, for those who wish to take a safer route, from passive staking.
The project is currently still in the middle of a presale, which has raised $6.47 million with a current price of $0.279.
We are unbelievably close to reaching $6.5 million raised in the $MK presale where we will be giving away 25,000 USDT🤩⚔️
Last push. Let's go! pic.twitter.com/93vMu2jaRY
— Meme Kombat (@Meme_Kombat) January 9, 2024
The token, called MK, is available in exchange for ETH and USDT, and users can buy it by connecting several wallets, including MetaMask, WalletConnect, Trust Wallet, Coinbase Wallet, OKX Wallet, Rainbow, or Ledger.
Buying the token during the presale will not only allow users to benefit from price appreciation, but it will also let them earn APY of about 146%, even while the presale is ongoing.
After that, users can stake the tokens, and let their money make more money. Or, they can engage in active betting, and bring even more excitement to the project that already has the community excited and optimistic about the future of the meme coin sector.
Visit and buy Meme Kombat here.
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