 Hello, welcome to Make Money Territory. In this video we will be talking about the latest update on SEI Token. SEI, the Layer 1 blockchain, witnessed a remarkable 31% surge in 7 days following a strategic investment from Circle. Data from CoinMarketCap shows SEI surged 88% to 20 cents in a month. The token also reported an increase of 14% in the previous 24-hour period. Trading is hash 115 with a live market cap of $362,051,803 USD. It has a circulating supply of $1,800,000,000 SEI coins and the max. Supply is not available. If you would like to know where to buy SEI at the current rate, the top cryptocurrency exchanges for trading in SEI stock are currently Binance, Bybit, DigiFinex, Bitrue, and Bitkit. The SEI token is the native digital currency of the SEI blockchain network. Developed by SEI to facilitate decentralized exchange functionality, SEI was designed to provide developers with a robust technological infrastructure for building secure, efficient applications and services. SEI was launched by the ex-Robinhood engineer as the first sector-specific Layer 1 blockchain specialized for trading. On November 15, the company announced a strategic investment from Circle. The issuer of USD Coin, alongside the bridged integration of the stablecoin onto its blockchain. With USDC being the second most widely used dollar-pegged stablecoin, the link between greater stability and liquidity for SEI becomes clear. It is one of the reasons for price gains for the token, which the community continues to see over a week after the announcement. Several other tokens have also reported double-digit growth today, including Goldfinch, with reported 50% gains. Gas, Clayton, and Uniswap are also cracking coin market caps list of top gainers. This contrasts with November 22 news that the altcoin market was seeing a downturn following news around the Binance Settlement. Detective Katz pointed out that many people have set sell limits at 20 cents for SEI, which is why the price has struggled to break through that barrier, however he hinted that with more time SEI could push past this psychological resistance. Altcoin Dispatch provided a technical analysis indicating SEI is breaking out of its supply zone around 19 cents. He believes this breakout could fuel a pump to 28 cents based on his chart analysis. Decentralized exchanges, DEXs are integral to the crypto ecosystem, powering trading of tokens, NFTs, and in-game assets. However, they have historically been underserved by existing Layer 1 blockchains, struggling to meet demands for reliability, scalability, and speed. Brief downtime is catastrophic for DEXs. The SEI blockchain and token aim to address this need, providing robust infrastructure tailored for decentralized trading. With specialized focus on exchanges' priorities, SEI is positioning itself at the center of the booming DEX industry. SEI's recent price breakout and 28% single-day spike suggests traders see its potential to lead this high-demand space as other Layer 1s have failed to fully support DEXs. SEI could be on its way to cementing dominance as the go-to Layer 1 for decentralized exchanges. The crypto is 4.70% off its five-day high and is 49.65% higher than its five-day low of 13 cents. SAVE price is currently above resistance. With support set around 13 cents and resistance at 22 cents, SEI is potentially in a volatile position if the rally burns out. SEI has traded on low volume recently. This means that today's volume is below its average volume over the past seven days. SEI's construction has been meticulously focused on three significant aspects. Speed, performance, and groundbreaking technology. The results of this focus are evident. Unmatched speed, SEI prides itself on having one of the quickest finality times in the blockchain universe. High throughput, it has the potential to outperform even the theoretical maximum of any roll-up built on Ethereum. Cutting edge technology, SEI's efficiency can be attributed to its innovative use of parallel processing, instant block finality, and unique block propagation and processing mechanisms. The SEI blockchain is not just about efficiency. It goes beyond providing the necessary infrastructure that allows anyone with internet connectivity to engage with Web3 applications faster than one might blink, pioneering a new category of Web3 applications. SEI Wallet Setup The first step is creating a SEI wallet. One such option is Compass, but it's anticipated that more SEI wallets will be available and main it compatible soon. If you're a new user, follow the guidelines and ensure your seed phrase is securely stored. For those who've previously installed these wallets as part of Atlantic 2 testing, ensure you have an updated version and are linked to the Pacific One Mainnet. Bridging Your Assets Head over to the AirDrop tab. Here you'll find instructions to connect an existing off-chain wallet to a SEI wallet address. Once done, you can bridge any tokens highlighted on the SEI Bridging UI. SEI Labs is a contributor to the open-source SEI blockchain, the fastest layer one for trading. SEI's unique chain-level optimizations enable decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability. The SEI Labs team is composed of industry veterans from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia. How high can SEI token go? Kindly subscribe for more updates. Thanks for watching.