SEI has been able to establish itself as a strong blockchain that could take over from the likes of Solana in terms of speed. The project, however, has not impressed since December. It has been down close to 70% from its December high of around $0.73. However, some analysts, like Lee the Captain, are still seeing the long-term picture, believing that the price will still see a comeback.
Lee remains steadfast in his belief in Sei’s future, despite recent price fluctuations. “I am still very confident when it comes to the future of Sei,” he explains, “and I haven’t given up despite the price pullback.” He confidently maintains that $20 per SEI during this bull run is still within reach.
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Misconceptions About Sei Price and Fundamentals
Many investors mistakenly equate low prices with poor fundamentals. However, Lee argues that Sei occupies a unique position in the cryptocurrency landscape. He believes the blockchain has exceptional potential that sets it apart from competitors.
According to Lee, Sei could potentially rank among the top three blockchains. His reasoning? Sei claims to be the world’s fastest parallel blockchain. “When something holds that title, I think it pretty much has to be top three,” he asserts.
To illustrate Sei’s capabilities, Lee compares transaction finality times across different cryptocurrencies. While Bitcoin takes around 60 minutes and Ethereum about six minutes, Solana at 2.5 seconds, and Sei outperforms them all. Its transaction finality time averages less than half a second—approximately 380 milliseconds.
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Technical Strengths and Support
Sei boasts impressive technical credentials. It can facilitate 12,500 transactions per second and has already processed over a billion transactions. Notably, it’s supported by major players like the creator of USDC (Circle) and Coinbase, and is listed on significant exchanges.
Lee emphasizes that cryptocurrency adoption takes time. While mass adoption might not happen immediately, the market values potential. He points out that altcoins typically peak around 18 months after a Bitcoin halving event, suggesting the peak could be around October this year.
Remaining optimistic, Lee continues accumulating Sei through consistent dollar-cost averaging. He views the current market conditions as temporary and sees significant growth potential.
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Market Cap and SEI Price Projection
If Sei reaches $20, its market cap would approximately hit $90 billion—an 84x increase from current levels. Lee draws a comparison to BNB, which previously reached over $100 billion in market cap, arguing that Sei’s dynamic nature makes such a trajectory plausible.
“$20 during this bull run wouldn’t surprise me whatsoever,” Lee concludes, expressing his unwavering confidence in Sei’s potential.
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