Because the Sei ($SEI) pump continues in the beginning of 2024, traders are more and more asking whether or not they could have missed their alternative to purchase the cryptocurrency.
SEI/USD was final altering arms at round $0.75, up an extra 6% on Tuesday and taking positive factors because the flip of the 12 months to greater than 34%.
The cryptocurrency has rallied a shocking 700% from its October 2023 lows below $0.10 per token.
$SEI is the native token of the much-hyped trading-focused layer-1 Sei blockchain, which solely launched final August.
Its pump comes amid a multi-month uptick in danger urge for food throughout crypto markets on 1) optimism about near-term spot Bitcoin ETF approvals within the US, 2) hopes for financial easing (i.e. Fed fee cuts) in 2024.
Bitcoin (BTC) has carried out nicely and simply hit recent 21-month highs above $45,000, however traders have been searching increased returns by trying additional up the crypto danger curve, and have been piling into the cryptocurrencies of excessive potential layer-1 Ethereum rivals comparable to Solana (SOL), Avalanche (AVAX) and Sei.
Is It Too Late to Purchase Sei ($SEI)?
Buyers who wish to bounce in and bag some $SEI have missed greater than 7x positive factors from the October lows.
However given Sei’s nonetheless modest market capitalization of solely round $1.7 billion, the cryptocurrency may nonetheless provide loads of potential upside, which means it most likely isn’t too late to buy Sei.
Think about that Sei does expertise vital adoption as builders construct out Sei-based buying and selling protocols to fulfil the blockchains use case, and that the broader crypto bull market continues to warmth up.
Sei may simply see its market cap develop to greater than $10 billion, which means the potential for additional greater than 5x positive factors from right here.
And whether it is to develop into a severe contender of blockchains like Solana, which has a market cap of round $47 billion, we might be positive factors within the area of 25x for $SEI.
Thrilling New Meme Coin Launch Approaches
While Sei has seen loads of hype, traders seeking to bag positive factors within the area of 100x have most likely missed their alternative.
Buyers seeking to bag 100x positive factors may as a substitute wish to take a look at a high-risk/high-reward crypto funding technique that has been rising in reputation in recent times – investing in token presales.
Cryptonews.com spends plenty of time analyzing which presales have potential, and one such mission that they’re huge followers of is an thrilling new mission known as Meme Kombat.
Meme Kombat blends collectively the world of crypto gaming and playing with its thrilling platform the place customers are in a position to wager on the outcomes of thrilling battles between characters based mostly on among the crypto world’s hottest meme cash.
Early $MK traders may profit from beneficiant staking rewards, that are at the moment greater than 100% yearly.
The mission has already raised near $5.75 million, regardless of launching simply weeks in the past.
Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You may lose all your capital.