The coded currency market is always looking for the next large engine. Currently, some investors may wonder whether SEI may follow a similar path to Solana. Solana has exploded with a huge increase of 64161 % since ICO, although it was slightly calming recently. SEI, on the other hand, has just jumped 45 % in one week, which sparked talk about being a possible Solana -like performer in this session.
This analysis comes from Matty on Altcoin Buzz Youtube. In its detailed collapse, he explained how SEI’s last prices and the growth of the ecosystem attracts strong similarities with the first days of Solana. According to Matti, SEI wore an impressive Airdrop issues two years ago. Many have forgotten in the market or removed the project, but it seems that the SEI team has learned from their previous mistakes and is now providing a wave of positive updates.
Matti indicated that the return of Sei already reflects the Solana story. Just as Solana recovered after facing her own challenges, SEI is now marking a significant shift. SEI has the possibility RWA series (real world origins)And a sector that can see explosive growth in the coming years. SEI similarities with Solana are not ending there. Both projects passed rough spots, but they returned with aggressive growth and new momentum.
Matti said that if you were watching the SEI price procedures recently, you will notice that it was very good. At the time of its video, the SEI price was slightly more than $ 0.29, an increase of approximately 10 % a day and about 35 % higher than it was just a few days ago.
Wyoming News Sparks Sei Price
One of the biggest motivations behind the last SEI gathering came from Wyoming. The state government, which is known for its friendly position of encryption, has announced plans to issue FIAT STATCOIN called WST. SEI has emerged as one of the final candidates on the platform to release and manage this new Stablecoin. Matti highlighted that although Wyoming has not made a final decision yet, SEI sent a strong signal to the market.
He stressed that people should be careful because approval is not guaranteed, and the creation of other groups such as Solana and APOS in the competition. However, the interest of the SEI from Wyoming has increased its credibility and made it a dangerous player among the foundations that focus on the origins. Even if Wyoming Sei is not chosen, exposure alone can attract others who want to launch Stablecoins or CBDCS, because SEI’s ability to deal with institutional class projects.
SEI ecosystem growth and possible price scenarios
Matti explained that after Wyoming news, the SEI ecosystem is growing quickly. SEI has a closed total value (TVL) of $ 591 million, ranked 16 of all Blockchains. Yay Finance tops more than $ 330 million, which represents 60 % of SEI TVL. Users can earn an annual percentage of about 9.53 % by lending USDC there, which is competitive compared to many protocols, but it is not so high that it raises red flags like some previous failed projects.
He also pointed out that the SEI ecosystem has exciting projects such as Yaka Finance, which includes more than 8 million unique active portfolios and is one of the fastest growing EVM chains, only supported by Coinbase, grows faster now. This growth shows that SEI not only bets on the noise; It is the creation of tools needed by both encryption users and traditional financing institutions (Trafi), including stablecoins, revenue complexes, derivatives, and liquid deception.
When it comes to the potential SEI prices, Matti was careful. He said that SEI might not repeat the transfer of Solana 20x from $ 14 to $ 259, as this would reach the maximum SEI market at $ 32 billion, which puts it between the best eight encryptions, which seem unlikely. But he believes that a 3X to 5X step may occur if some conditions are aligned, such as RWA growing in trillion, or SEI destroying its highest level at $ 1.14, or SEI to secure Stablecoin or CBDC deals. He added that any favorable changes in American regulations can enhance SEI horizons.
Also read: Ripple Moves to End Sec
Can Sei Price really repeat large Seoul nails?
Matti concluded by saying that although SEI may not match the Solana gains completely, the foundation is present in the strong round if things happen in place. He believes that SEI’s quiet construction phase over the past two years has started to pay off, and this may now be an appropriate time to monitor the SEI price. Whether it believes in its future or not, SEI proves itself as a serious competitor to investors looking for the next large encryption play.
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