What Is the Next Cryptocurrency to Explode in 2024?
$SEI has set its sights on bringing financial markets to the blockchain. It was co-founded by Jayendra Jog, previously a software engineer at Robinhood , and Jeff Feng, who had experience at Goldman Sachs .
Sei is built for trading digital assets and is compatible with the Ethereum virtual machine (EVM). While it's still in the early stages, having only launched in 2023, it has built a strong team so far with 28 full-time developers.
It's always promising when a cryptocurrency has a clear problem it aims to solve, as Sei does with blockchain-based financial trading. The technology behind it is also impressive, with its twin-turbo consensus allowing for near-instant trades.
$AAVE is a decentralized finance (DeFi) protocol and lending platform. It allows users to lend and borrow cryptocurrency. Everything is done with smart contracts, so there's no intermediary required. Users can earn interest on the digital assets they lend.
Aave has liquidity pools for many popular cryptocurrencies, such as Tether and DAI . One reason Aave could be a long-term winner is that, in addition to crypto lending, it has expanded into real-world assets, partnering with Centrifuge.
As part of that partnership, Aave has built a real-world asset market that allows companies to tokenize parts of their businesses. Investors can buy tokens offered by those businesses, and the issuers of the tokens can then borrow stablecoins against their assets.
