SEI Tests Key Floor Near $0.06 Amid Giga Upgrade Plans

SEI, the Layer 1 token, is currently trading near $0.06 as it tests a key floor after a quarter of declining prices.

The market capitalization of SEI sits at around $451 million with daily volume reaching approximately $45 million.

Analysts at Coinpedia believe that the token's price will gravitate towards $0.020, where selling pressure could finally exhaust itself.

However, SEI's developers are rolling out the Giga upgrade, which introduces the Autobahn consensus and asynchronous execution, aiming for over 200,000 transactions per second and sub-400 millisecond finality.