Sei Crosses $1 Mark After 11,620% Gain: Can It Hit This Analyst's Second Target?
Portfolio Pulse from Khyathi Dalal
Sei (CRYPTO: SEI) experienced a significant surge, gaining 11,620% since its inception in August 2023, and recently crossing the $1 mark after a 36.2% increase over the past week. This growth follows the announcement of a V2 testnet upgrade and positive on-chain metrics. Analysts, including Trader Fred and Top Gainer Today, have set a new target of $2 for SEI. The blockchain also launched a second iteration of its Devnet, compatible with the Ethereum Virtual Machine, and reported 10.4 million weekly transactions and 8,000 new users.
February 16, 2024 | 7:42 pm
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Sei (SEI) has seen a remarkable 11,620% increase since its launch, recently crossing the $1 mark. The positive momentum is supported by a V2 testnet upgrade and strong on-chain metrics, with analysts setting a new target of $2.
The significant increase in SEI's value is directly attributed to the recent V2 testnet upgrade and the positive on-chain metrics. The announcement of the upgrade and the bullish sentiment from analysts like Top Gainer Today contribute to the expectation of continued growth, setting a new target of $2 for SEI. The launch of a second iteration of its Devnet, showing compatibility with the Ethereum Virtual Machine, and the increase in weekly transactions and new users, further support the bullish outlook for SEI.
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