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With Nimble's foray into decentralized AI, SEI positioning itself for a price surge.
đ„With the announcement of their collaboration, Nimble and SEI have brought decentralized AI to the SEI developer environment.
đ„With the addition of Nimble and SEI's new interoperability with Ethereum Virtual Machine, an ecosystem will be formed to support and educate AI models.
Sunday saw a roughly 2% increase in SEI price, reaching $0.9197.
đ„SEI and Nimble have joined up to provide an environment where developers and projects can access and train AI models. This statement has probably sped up the price of SEI, adding to the growing interest in the AI storyline in the cryptocurrency market.
đ„A new collaboration will help SEI developers
đ„The trading-focused blockchain ecosystem SEI has partnered with the decentralized AI protocol Nimble. SEI's interoperability with the Ethereum Virtual Machine (EVM), a newly introduced functionality, will enable the project's ecosystem to train and serve AI models.
đ„Decentralizing AI model training and inference is the main goal of the Nimble Network project. Opportunities to train composable AI in SEI's environment and power it have arisen as a result of the relationship with SEI.
đ„Artificial intelligence will pave the way for SEI's practical use cases, such as SocialFi and DeFi, which need scalable infrastructure and expedite project shipping. To the mutual advantage of protocols and users, developers may construct dApps fueled by AI and launch a plethora of new apps.
đ„Price of SEI continues to rise towards its 2024 peak
Returning to its 2024 high of $1.03, the price of SEI has continued its ascent. The current price of SEI is $0.9197, representing a 2% increase for the day. Those who held SEI a week ago saw a return of roughly 34%.
đ„The bullish argument might be dismissed and a fall to $0.7349 could ensue if the daily candlestick closes below the 50% Fibonacci Retracement of SEI's climb, at $0.7917, to 2024 top.
