SEI Surges to Top Gaming Chain, Analysts Predict 181% Upside Potential and Possible ATH in Sight

SEI has surpassed BNB as the top gaming chain with 1M daily addresses, fueling network strength and adoption growth. Charts project 181% upside potential, targeting $0.85 by October. Analysts say SEI is still in the bottoming phase, ranging between $0.30 and $1.10 key levels. A possible CBOE SEI ETF approval has also drawn attention to the token's outlook.

ProShares, a leading provider of leveraged and inverse ETFs, has expanded its $40 billion suite of ETFs with the launch of ProShares Ultra QQQ Top 30 (QQXL). This new ETF is designed to target 2x the daily returns of the Nasdaq-100 Top 30 Index, which includes the top 30 companies in the tech-heavy Nasdaq-100 [1].

The Nasdaq-100 Top 30 Index offers focused exposure to influential tech companies such as Nvidia, Apple, Meta Platforms, and Palantir. These firms are driving innovation globally, and investors are eager to capture their performance [1].

ProShares CEO Michael L. Sapir commented on the launch, stating, "In recent years, market leadership has converged around a group of innovators—many in technology—who are redefining what’s possible, a trend that investors are eager to capture. With QQXL, investors can now target 2x the daily returns of these market leaders with the ease and convenience of a single ETF trade."

ProShares has been at the forefront of the ETF revolution since 2006, managing over $90 billion in assets and offering one of the largest lineups of ETFs. The company is known for its innovative products, including dividend growth, high income, interest rate hedged bond, crypto-linked, and geared ETFs [1].

Investors should be aware of the risks associated with leveraged ETFs. Geared ProShares ETFs seek daily investment results that correspond, before fees and expenses, to a multiple of the daily performance of their underlying benchmark. However, returns may deviate significantly from the daily target, especially over longer holding periods [1].

The launch of the ProShares Ultra QQQ Top 30 ETF coincides with a potential breakthrough in the crypto market. The Chicago Board Options Exchange (CBOE) has submitted a 19b-4 form with the SEC for the approval of the Canary Staked SEI ETF. If approved, this ETF could increase demand for the altcoin by making it more accessible to mainstream investors [2].

While the SEC has been slow to approve many crypto ETFs, the success of Bitcoin’s spot ETF approval in January 2024 and Ethereum’s expected approval in 2025 has opened the door for other altcoins. The Sei ETF represents a new opportunity for investors to diversify their portfolios, focusing on an altcoin known for speed and scalability [2].

References:
[1] https://www.businesswire.com/news/home/20250814666292/en/ProShares-Launches-First-ETF-to-Target-2x-Daily-Returns-of-Nasdaq-100-Top-30-Index
[2] https://coincentral.com/cboe-submits-sei-etf-to-sec-will-staked-altcoin-breakthrough-happen/