Will the public chain SEI become the next SUI?
Yesterday, SEI rebounded from the bottom of 0.25 to 0.474, an increase of 90%.
SEI also shows a 1-2 wave structure similar to SUI and SOL. After a sharp pullback, SEI showed early signs of potential recovery, trading at around $0.46. If SEI can maintain support around $0.368 and continue to break through resistance, it may reproduce SOL's past bull cycle.
Speaking of the "new generation" Layer 1 in the past year, Sei Network is one of the best. Sei is a layer 1 blockchain and a competitor to SUI, Solana, and many other networks. In fact, many people call SEI a direct competitor and clone of SUI. However, SEI's market value is significantly lower, at about $1.6 billion, while SUI is now over $4.5 billion. Of course, Solana is a huge market value project, with a current market value of about $70 billion.
In terms of ecological projects, there are already 120 cooperative projects in the Sei Network ecosystem. There are currently about 70 cooperative projects disclosed on the official website, among which the key areas covered are decentralized exchanges, infrastructure, wallets and cross-chain bridges.
As an emerging digital currency, SEI coin has huge development potential. With the continuous development and growth of the DeFi market, SEI coin will occupy an important position in the field of digital currency and become a financial product trusted by users.
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