Cryptocurrency Sei Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Sei (CRYPTO: SEI) experienced a 6.76% price drop in the last 24 hours, contrasting with a 6.0% gain over the past week. Its trading volume increased by 48.0%, while the circulating supply slightly decreased by 0.02%. Currently, Sei's market cap ranks #50, valued at $1.55 billion.
February 01, 2024 | 3:02 pm
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Sei (CRYPTO: SEI) has seen a 6.76% decrease in price over the last 24 hours, moving against its recent upward trend. The trading volume has surged by 48%, and its market cap ranking is now #50 at $1.55 billion.
The significant price drop of 6.76% in the last 24 hours, despite a recent upward trend, indicates a potential short-term negative impact on SEIUSD. The increase in trading volume suggests heightened investor interest, possibly due to the price movement. The slight decrease in circulating supply and the stable market cap ranking could indicate a consolidation phase, but the immediate price drop is likely to influence short-term investor sentiment negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100