Is Sei Going to Zero? SEI Price Drops 11%, Investors Stockpile This New GambleFi Token

Is Sei Going to Zero? SEI Designate Drops 11%, Merchants Stockpile This Fresh GambleFi Token

Ethereum and Solana competitor Sei’s label has shed 11% within the closing week, taking likely the most heaviest losses in a brutal market-wide promote-off that sank the worth of market leader Bitcoin by about 8% within the same length.

Sei currently changes hands at $0.5385. This represents a limited receive of over 1% within the closing 24 hours but a 24% decline from its label this time closing month.

Sei is an EVM-integrated blockchain Layer 1, merging Ethereum’s market-leading pattern framework with the rate and transaction rate scalability of high-performing competitors cherish Solana.

Merchants’ risk-averse sentiment this week looks to be spurred by recordsdata that the US Federal Reserve plans to look at up rates of interest elevated for longer to support stem rampant inflation.

Bitcoin retreated 9% in two days, from a high of $64,515 on Tuesday to its most in fashion label of $58,595. At the height of the atomize, the day outdated to this afternoon, the area’s #1 cryptocurrency bottomed out at $56,804.

Nearly about all heaps of leading Layer 1 blockchain tokens retained label better than Sei this week. Avalanche (AVAX), Cardano (ADA), and Ethereum (ETH) dropped in tandem, handiest shedding reasonably of over 3% this week.

Sei’s buying and selling chart over the closing three months reveals a token that closely tracked Bitcoin. The market-wide rally that began on the tip of February and peaked in early March helped Sei space a brand original all-time high (ATH) of $1.14 on March 16. Alternatively, it has since pulled relief about fifty three%.

The Sei label and valuaiton is currently recuperating and is in accordance with the the leisure of the market. Its Relative Energy Index is 59 and hiking, indicating rising buying momentum. It has also most in fashion virtually 2% within the closing hour, so Sei holders are seemingly out of the woods now.

As SEI Designate Tumbles, Mega Dice Hits Jackpot!

Scaleability and interoperability are the two most up to date buzzwords in crypto correct now because they describe the mosey to bigger adoption.

Both Bitcoin and Ethereum mosey within the aid of speedier and cheaper competitors, although in phrases of interoperability, Ethereum’s Virtual Machine (EVM) has helped the community’s developer community space trim contract and software program requirements across the total industry.

Aloof, since Layer 1 tokens on the total upward thrust in sync, investing in them can feel predictable. Crypto and Web3 receive a plethora of services and products to offer beyond more optimized tech.

GambleFi is one sector that’s getting more of a seek-in for the time being. The length of time refers to any crypto-native online playing platform or product.

Per recordsdata by Statista, online playing is projected to soak up $100.90 billion in income this 12 months. This form there has never been a bigger time for crypto to indicate the area its iGaming utility.

Enter Mega Dice’s fresh $DICE token.

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— Mega Dice On line casino (@megadice) April 30, 2024

The $DICE presale is handiest a fortnight worn, and it has already bagged virtually $700,000 in investments, in line with the token’s web online page.

Mega Dice launched closing 12 months because the area’s first licensed crypto on line casino accessible by the in fashion messaging app Telegram.

Since then, 50,000 avid gamers receive signed up and helped the on line casino change into a neatly-established name in GambleFi.

As the platform’s native token, avid gamers can employ $DICE to fund games and receive winnings. On line casino prospects who play with $DICE would possibly well receive extra advantages down the line. The on line casino plans to combine the token into its loyalty program, offering more generous rewards to gamers who decide to play with it. The token would possibly even liberate receive admission to to unparalleled competitions and VIP experiences.

The team has also indicated there’ll be a buyback and burn program. This form Mega Dice will periodically aquire likely the most tokens and put off them from circulation to support assist them scarce and drive label.

Educate Mega Dice recordsdata over on X/Twitter and Telegram.

Be a half of the presale now on the Mega Dice web online page.

Disclaimer: Crypto is a high-risk asset class. This article is geared up for informational capabilities and doesn’t describe funding advice. It’s probably you’ll perchance lose all of your capital.

Source : cryptonews.com