SEI snapped out of a sideways trend on December 18 to form a bullish engulfing pattern as the buyers rallied. SEI Moves Uptrend: Will It Break Above $0.35? On the daily chart, SEI continues its positive movement from December 18, as the buyers exert dominance. Although Sei is a relatively new project, the drive for environmental preservation will likely attract more investors and boost the price of its token. These renewable energy sources will leverage Real World Asset (RWA) technology. To achieve this, Sei Labs will operate a proof of stake consensus mechanism and ensure that renewable energy sources power the blockchain. Ultimately, the goal is to make Sei a carbon-neutral blockchain. Sei Labs and the Foundation teams recognize the need to protect the environment from hazards such as carbon emissions. The Sei Foundation has committed to offset the network’s operational carbon footprint, starting with innovative onchain Renewable Energy Certificates from more: 🌱 The Sei Blockchain is going carbon neutral. One of the factors driving excitement in the Sei Network is the plan to go carbon neutral, a global environmental goal. Also, it has gained 36.8% in the last seven days as its rally continues. EST is $0.04, with a 46.0% increase in the last 24 hours. Sei (SEI) – The Open-Source L1-Blockchain So, the assets gaining higher today benefit from a combination of positive factors. Also, positive investor sentiments and ecosystem developments aid the ongoing crypto market rally. Most altcoins correlate to the price of BTC and move according to its rise or fall. Remarkably, Bitcoin’s recovery has triggered an uptick in prices among altcoins. Also, the global crypto market has risen by 4.4% to $1.69 trillion, which is quite an impressive recovery. Bitcoin has reclaimed the $43,000 price level with a 4.7% surge today, December 19.

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