Uhhh guys, grab your crypto wallets before you go on a wild journey. Step up a newcomer which has already made a great impression, and it’s called Sei. Instead, this cute little token has been making rounds on social media much quicker than a cat video can and with a stunning 22. 64% rise was recorded in the last one day alone. True, while some of us were thinking about what will be for lunch, Sei was climbing the crypto ranking as if for the Olympics.

Well, you know, it might be some interest to deconstruct these figures, don’t you? Sei is today’s darling on the market, trading at a cool $0. 3373, which may seem like a very small figure, but then in the context of the crypto world, things are vastly different. Thus, at today’s market value of $1,189,108,565, Sei has managed to push its way to the 60 th position on the entire list of crypto assets. Quite impressive performance from a token that most of us probably have not heard of just a week ago, right?

But wait, there’s more! Forex trading volumes have soared to the roof by recording an increase of 92% on Sei. 38 percent to reach $ 230391274 in the last twenty four hours. Let’s see, that’s some zeros if I do say so myself. This makes one marvel that traders and investors are eager to invest in the Sei before there is nothing to invest in. The volume to market capitalisation ratio is currently standing at a good 19. 23%, thus showing that there is a high amount of liquidity available in the market to catering to those who want to purchase or sell the assets.

Now, let’s talk supply. According to the latest data, there are 3,524,861,111 SEI tokens in circulation while the total supply of SEI is 10,000,000,000. Of course, it also has not a maximum supply stated, with which can be derived to have many implications such as. . . Well, it can mean anything out here in the wild wild west of cryptocurrency can it not?

That is not to say that Sei all of a sudden is experiencing a leap in popularity among anime enthusiasts; what is the reason for this? Is it just another crypto FOMO or are there greater fundamentals that exist for this increase? It is always rather challenging to point exact reasons in the UUID environment of the cryptocurrency world but some assume that perhaps Sei’s concentration on creating a blockchain that can function at a high velocity and concurrently be incredibly protected and dedicated to trade is not going unnoticed by retail and institutional customers.

Sei is a layer-1 blockchain that the firm is building to be a perfect fit for trading apps. In today’s highly competitive global economy where a second can determine whether a transaction will be executed or not, having such a platform as Sei that offers lightning fast transactions with the added advantage of automated order matching is advantageous. It is the amalgamation of centralized exchange and decentralized finance as if they took the two and formed a new blockchain.

Of course, the same is true to any other investment venture, more so in the cryptosphere, therefore one should tread carefully. Cryptography is quite an unstable market and nothing can rise high without retiring just as quickly. It is true that Sei has made a recent breakthrough in its performance which is interesting; however, one should always conduct their research and never invest more money than one would be willing to lose.

In the flow of the grand scheme of things, what Sei has experienced is good for them it can be the beginning of great things or simply the time that they have had their fifteen minutes of fame. Only time will tell. But one thing is certain though, Sei has ensured that it leaves its mark in the world of cryptos. As such, no matter if you are a long-term crypto enthusiast or a newcomer, Sei appears to be one of the tokens to watch in the coming weeks and months.

What do you think, then? The following question was proposed to adress the current situation: Is Sei another new popular cryptocurrency or just another bring-self-similarity (EN: Bring yourself similarity = Бриться силиконовской сигнатурой)? Regardless of what you may think, there’s no doubting that the crypto space remains lively and filled with potential, and with tokens such as Sei, it can only get more exciting from here on. Get ready for the roller coaster, dear friends, the crypto market is not going to be boring!