Market Wrap: Bitcoin Trading Tepidly at $33.7K While SushiSwap Eats Raw Marke...
The investor spotlight is now shining on DeFi tokens and trading.
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A combination of volume, derivatives action and infrastructure improvements led bitcoin’s price to go where it hasn’t gone before. Ether is looking supremely bullish, too.
The cost to purchase one SushiSwap governance token surged by more than 15 percent in the last 24 hours. Dubbed as SUSHI, the cryptocurrency established a weekly high near $2.74 on Monday following a dramatic move upside. So it appears, traders flocked into the SushiSwap market as SUSHI was trading near a level that previously […]
SushiSwap’s governance cryptocurrency SUSHI fared better than Bitcoin ahead of the New York opening bell Tuesday. The decentralized finance token surged more than 15 percent during the European session, hitting an intraday high of 1.9471. Traders flocked into the SushiSwap market even as the protocol discovered a serious bug, a vulnerability that eventually led to […]
The price of SUSHI, the governance token of SushiSwap, has increased by 73% in the last four days, as fundamentals strengthen. SUSHI, the native token of SushiSwap, rallied by 73% in the past four days. However, some investors believe the DeFi token may still have a lot more room to run.SushiSwap is an automated market maker (AMM) that allows users to trade cryptocurrencies in a decentralized manner on the Ethereum blockchain.SUSHI/USDT 15-minute price chart (Binance). Source: TradingView.comWhy is SUSHI undervalued at $2 billion?The market cap of SUSHI achieved $2 billion as its price....
The goals and development of SushiSwap and Uniswap are diverging as each exchange’s governance token reaches new all-time highs. Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher.Despite a controversial start for SushiSwap, the last few months have seen it catching up to Uniswap in terms of activity on the platform, total value locked, and the price of its SUSHI governance token. A recent report from Delphi Digital took a closer look at the two projects and broke down the fundamental differences in the way....