Unlike China, which has an extremely negative approach towards cryptocurrencies, one of the country’s largest technology companies agreed with Xiaomi. Xiaomi, which was founded in 2010 and has a large share in the phone market today, produces 170 million mobile devices a year. Mister Crypto values the agreement between Xiaomi and SEI for 4 important reasons.
Xiaomi and SEI Coin
SEI collaborated with Xiaomi and placed a pre-installed application on the phones. So that every Xiaomi customer actually SEI will also turn into users who have the potential to interact with. MisterCrypto thinks this is extremely important for 4 reasons.
- This is the largest distribution move in crypto history. Xiaomiproduces approximately 170 million devices annually, and all of these devices will now be integrated with SEI to offer payment services.
- SEI will be positioned as the “WeChat of Crypto”, meaning it will be integrated with the Xiaomi App Store and the entire ecosystem of payment systems on these devices.
- SEI’s stablecoin will operate through “MiPay,” Xiaomi’s version of Apple Pay, and may be available on other platforms in the future.
- This type of distribution dwarfs the Solana Saga phone and even the Base app in terms of the sheer number of crypto newbies.
“With FDV of just $1.3 billion, SEI is a vastly undervalued altcoin with a lot of potential!” – misterrcrypto
Bitcoin Decline Will Continue
BTC It is struggling to maintain $90,000 and is at $90,020 just before the US market opens. By sharing the chart below, Altcoin Sherpa predicts that we will see a process similar to the one that occurred after the previous unsuccessful test of $94 thousand.
“We could not break through 94k and these wicks are not very good. The 4-hour 200 ema is proving to be a good indicator as resistance for now.
I wouldn’t be surprised if there was a return to these lows, but I’m pretty hesitant – yesterday’s move was an unproductive one and usually such moves are filled a bit. “I think it will be pretty flat today.”
US markets probably oracle Due to the bad report, it will open with sellers and it is possible that BTC will deepen its sales, as we have seen dozens of times within 1 hour after the market opening.
