CandleFocus SEAM spikes 64% as Base plans to scale up gas limits
2024-09-26
Author: Content Editor
SEAM, the cryptocurrency of the Seamless Protocol, has surged 64% in the past day following Base's announcement to increase gas limits and scale its capacity. SEAM is currently trading at $1.99, its highest level since the market crash in August, and its market cap has exceeded $52 million. The daily trading volume for SEAM has spiked by 2,254% to around $11.4 million. The Seamless Protocol, a fork of Aave v3, operates on Base, the Layer 2 Ethereum network incubated by Coinbase. The recent initiative by Base aims to enhance scalability and reduce transaction fees, driving investor interest in SEAM. Technical indicators suggest that bullish momentum will likely continue, but caution is advised as the Commodity Channel Index indicates a potential correction.
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