The Layer 1 Blockchain network Sei’s native asset SEI and the decentralized exchange (DEX) Jupiter’s native asset JUP are attracting the attention of cryptocurrency investors with their impressive growth potentials and unique value propositions. As these altcoins navigate the highly volatile cryptocurrency market, they are showing an upward trend that is drawing the interest of both experienced investors and analysts. Based on this situation, it is considered that SEI and JUP could reach the $1 level within the year.
Sei (SEI)
Sei is rapidly gaining recognition with its Layer 1 Blockchain network uniquely designed for high trading activity. The price of its native asset SEI is at $0.6069 at the time of this writing, facing a slight decrease of 1.86% over the last 24 hours. Technically, the altcoin appears to maintain a stable position around $0.60 and is moving within an upward trajectory.
Last year was particularly noteworthy for SEI, with its price increasing over 7,506%, showing a strong upward trend. This performance made it stand out as one of the best investment options in the cryptocurrency market. Launched in August 2023, SEI reached its highest price level at the end of December the same year, proving its rapidly growing popularity and investor confidence.
Supported by Layer 1 Blockchain technology, Sei has faced intense interest due to technological innovations and its strategic position in the Blockchain and trading environment. As a notable altcoin, Sei continues to attract attention while strengthening its status.
Looking to the future, if market dynamics shift positively and Sei’s price surpasses the $0.6137 threshold, a significant recovery in the altcoin’s price could be observed. In such a case, it could be expected to break through the upper resistance level of $0.70. If the upward trend is maintained at these levels, the altcoin could potentially reach the ambitious $1 level by the end of the year.
Jupiter (JUP)
The native asset JUP of the decentralized exchange (DEX) Jupiter is showing an upward trend indicating strong buying activity in recent days. JUP is currently at $0.564 and has recorded an impressive rise of over 3% in the last 24 hours. The increase in trading volume to $278 million indicates growing investor interest. JUP is currently ranked 83rd on CoinMarketCap’s list of cryptocurrencies, with a significant market value of $760 million. The altcoin continues to maintain its position above the important threshold of $0.55 support despite its volatile trajectory.
JUP‘s growing investor interest is largely attributed to recent developments in the altcoin’s community and the increasing popularity of the DEX. The rising trading activity on Jupiter highlights JUP’s significant price increase potential. Market analysts suggest that if the current upward trend continues, the altcoin could soon challenge the $1 threshold.
