Sei Network has recently recorded a record number of active users, securing its position at the top among blockchain platforms.
Achievements of Sei Network
On June 25, Sei recorded 609,400 daily active addresses, surpassing Ethereum, which had 593,600 active users. This event highlights the significant growth of Sei and its potential in the Layer 1 space.
Price Movements and Technical Analysis
On the 4-hour SEI/USD chart, notable price movements are observed. SEI broke above its 200-day moving average at $0.2861 after a 4.26% increase in a day. Trading volume has increased significantly, confirming the recent breakthrough's stability.
Short-Term Forecasts
If Sei's activity continues to grow, it may indicate further increase in its popularity. Holding above $0.267 and moving towards $0.30 would strengthen buyers' positions, creating the opportunity to reach $0.36.
Overtaking Ethereum in daily active users is a significant milestone for Sei Network, opening new perspectives for further growth.
