Sei (SEI) price action mirrored that of Sui Network (SUI) as of press time eliciting a similar price trajectory pattern in future. This suggested that smart money were investing in both Layer 1 blockchains concurrently.
The fractal pattern indicated synchronized movements and investment strategies, thus the potential alignment in their cycles. For SEI, after a period of downward movement, it saw a reversal, indicating a bullish trend.
This reversal closely mirrored the pattern observed in SUI, with both showing sharp upward movements after breaking their respective downtrends.
The synchronicity suggested that both tokens could continue to perform well as Layer 1 solutions, which typically gain attention during each investment cycle due to their foundational role in the blockchain ecosystem.
SEI could be on the verge of reaching new all-time highs, with a next potential price target at $1.6. If this pattern continues to hold, and SEI follows SUI’s path as anticipated, investors might witness substantial gains.
Smart money being actively involved provided further confidence in the momentum and future prospects of these tokens.
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SEI TVL Hits New Heights
The Total Value Locked (TVL) in SEI saw notable growth, surpassing $190 Million. The increase reflected adoption of Sei’s DeFi platforms, signaling growing trust and utility within the ecosystem.
Starting from nearly negligible amounts in September 2024, the TVL remained quite steady until early 2025. Around March, the TVL began to climb, marking a pivotal shift.
This rise was steady, escalating particularly sharply from May to September, before experiencing some volatility closer to November.
The increase in TVL suggested that Sei was gaining traction, which could mirror the price dynamics seen in SUI, given that both operate within the Layer 1 blockchain space and have similar market functionalities.
The rising TVL is a bullish sign, often correlating with rising asset prices due to increased usage and locking up of the native token, which reduces supply and can drive up prices. It’s reasonable to project that SEI could reach the $1.6 price target.
If the current growth in TVL continues and the broader market conditions remain favorable, SEI’s price could follow this upward trend, boosted by its expanding DeFi ecosystem and parallel to SUI’s performance.
Transaction Fees on The Network Reducing
Additionally, average transaction fees across various blockchains over the last 30 days highlighted SEI’s competitive edge in maintaining lower costs.
The average transaction fee was lower than that of many other major blockchains, including Ethereum and Binance Smart Chain, positioning it favorably among users seeking cost-efficiency.
SEI’s low transaction fees, stood out particularly against Ethereum, which had higher fees. SEI’s efficiency made it attract and retain users within the ecosystem, as lower fees enhanced user experience and increase transaction volume.
The impact of SEI’s low fees on its uptrend and potential to reach a $1.6 price target remained substantial. Sei not only encouraged existing users to transact more frequently but also attracted new users from more expensive chains, driving up demand for SEI tokens.
This could further support Sei’s price uptrend, as increased usage typically leads to price appreciation in the cryptocurrency space.
