Major Network Upgrade Triggers Surge in Sei Token Price: Analyst Anticipate SEI’s ‘Big Breakout’

The price of Sei (SEI), the native token of the Sei parallelized blockchain network, has surged 18% over the last day amid an upgrade to the project’s developer test network.

According to CoinMarketCap, SEI was trading at $0.868116 at press time with $600 million in trading volume over the previous 24 hours. The spike follows a major upgrade to Sei’s permissionless public Devnet to version 2.0, which went live this week.

Sei Touts New Devnet as Path to Wider Adoption

In a tweet, the official Sei Network account announced that its Devnet upgrade enables developers to begin deploying decentralized applications (dApps) built for compatibility with the Ethereum Virtual Machine (EVM).

Many DeFi protocols like Uniswap use EVM, so the shift opens up Sei’s high-speed network to an array of applications. While targeted at developers for now, the upgrade signals Sei’s intent to build a richer ecosystem of dApps ahead of a mainnet launch.

Whale_Of_City, a crypto analyst on X, noted enthusiasm for SEI’s long-term prospects following the upgrade. “SEI will be big in [the] upcoming bull run,” they tweeted. “You can add some between $0.5-$0.58 and the rest below $0.4 if the market allows.”

Crypto Jobs, another analyst account, tweeted more immediate optimism for SEI, writing, “Big breakout imminent.”

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

The Devnet v2 upgrade represents a milestone for the network as it seeks to attract developers interested in taking advantage of Sei’s boosted transaction speeds. With the path cleared for EVM compatibility, the project now aims to achieve wider adoption by showcasing the benefits of its architecture to the DeFi community.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.