Sei Price Holds Firm at $0.072 as Hermes Gains Attention

The price of Sei has stabilized around $0.072 after a significant rally in late September, but derivatives activity remains high.

The cryptocurrency's chart shows it trading above its 50-day and 200-day moving averages, with the $0.06222 level emerging as a key support point.

Sei Network recently unveiled Hermes, a consensus protocol designed to reduce latency and jitter in blockchain systems, which could have a positive impact on the project's price.