Sei Token Price Prediction After Binance Listing — Upcoming Airdrop?

Since the new utility cryptocurrency was launched to Binance and other major exchanges yesterday, its price has skyrocketed by 29%, reaching $0.256859.

SEI, the native currency of the new layer-one blockchain Sei, has increased in value by 60% since CoinGecko began tracking it yesterday. Sei is designed to permit fast cross-chain trades and transactions.

However, it is still very young and might possibly recover again in the next few days despite falling by 43% since yesterday’s record high of $0.455153.

Sei Price Prediction After Binance Listing Drives Surging Value – Upcoming Airdrop?

Since SEI has only been trading on exchanges for a day and a half, there isn’t much to report on its price activity aside from the fact that it appears to be regaining strength following yesterday’s rise and correction.

Even if many traders have cashed in their winnings, the relative strength index (purple) continues to hold above 50, indicating that there is still some purchasing momentum.

Since it is such a novel and much-touted cryptocurrency, it is possible that its price may increase again over the next day or two, perhaps reaching as high as $0.30.

Sei (SEI) is the native token of the Sei Network, a proof-of-stake layer-one blockchain that is “specialized for trading,” as the project’s whitepaper puts it.

In particular, Sei’s network introduces “novel approaches” to transaction ordering, block processing, and parallelization, and it offers “a highly optimized order placement and matching engine.”

Its network contains cross-chain interoperability features that should provide it widespread use throughout the crypto ecosystem, and it was built with exchanges and DeFi platforms in mind.

After only a short time being listed on @Binance, the price of @SeiNetwork has increased by 700% 🚀🚀🚀

Congratulations Seilors 💯

Let's see how high the Sei Network price will get 😎#sei #binance pic.twitter.com/1lv962WYI6

— Sei Station🚢 (@Sei_Station) August 15, 2023

Given the sharp increase in SEI’s price over the previous day, it appears that the market generally agrees with this evaluation.

Moreover, the Sei Foundation has prepared an airdrop that will allow participants to claim some SEI for free, despite the fact that many individuals will be purchasing SEI in the near and far future.

Solana, Ethereum, Arbitrum, Polygon, Binance Smart Chain, and Osmosis users can participate by establishing a Sei wallet like Compass.

The Sei Mainnet beta, Pacific-1, is here.

Users may now bridge and stake their $SEI at https://t.co/kllP3XP3dZ pic.twitter.com/dMdocFMba0

— Sei 🚢 (@SeiNetwork) August 15, 2023

The free SEI will be made available to participants in the coming days “following an initial warmup period while the Sei Ecosystem get prepared.”

Forecasts suggest that SEI will keep going up and up in the coming months, possibly reaching $0.50 as a new cryptocurrency.