Layer-1 blockchain SEI and its native token have made a strong recovery with a 20% jump in the last 24 hours, reaching $0.75 once again. Amid the altcoin bull run, the price has risen 170% in the past month.
Sei (SEI) has shown its strength by showing resilience amid the post-holiday market lull in Europe and the US. The altcoin surprisingly reached an all-time high on January 4, 2024, defying market expectations.
The price rose from the support level of $0.433 to a high price of $0.851399, showing a significant increase of 95%. This increase was also part of a broader rally, pushing SEI’s price to growth of over 170% in the past month. This entire growth curve attracted attention with a market value exceeding 1.7 billion dollars.
Sei Network is also known as a cutting-edge blockchain platform focused on meeting the needs of decentralized applications (dApps) and their users, meticulously crafted to provide enhanced scalability, security and efficiency.
The platform features a blockchain architecture that strikes a balance between complexity and efficiency. Additionally, this architecture enables Sei Network to facilitate fast transaction processing, implement robust security measures, and create an adaptable environment conducive to dApp development.