SIP-3 Discussion

There are two perspectives on how the price of SEI is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of SEI. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect SEI's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of SEI based on past trends, based on the principle that 'history tends to repeat itself.' Price action of SEI is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of SEI.

SEI reached an all-time high of $1.14 in 2024-03-16, while its current trading price is $0.2552.

SEI reached its historical low of $0.09478 in 2024-03-16.