{"id":509832,"date":"2022-11-23T13:40:15","date_gmt":"2022-11-23T13:40:15","guid":{"rendered":"https:\/\/wncen.com\/?p=509832"},"modified":"2022-11-23T12:54:07","modified_gmt":"2022-11-23T12:54:07","slug":"sushi-latest-feats-are-quite-impressive-but-crypto-still-on-rough-terrain","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sushi-latest-feats-are-quite-impressive-but-crypto-still-on-rough-terrain\/","title":{"rendered":"SUSHI Latest Feats Are Quite Impressive, But Crypto Must Overcome Rough Terrain"},"content":{"rendered":"
SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon.<\/p>\n
At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from where it was.<\/p>\n
The following is a quick rundown of some of SUSHI’s more notable qualities that demonstrate its “tasty” status:<\/p>\n
\nMost Influential Project on Avalanche$SUSHI<\/a> @SushiSwap<\/a>$JOE<\/a> @traderjoe_xyz<\/a>$FITFI<\/a> @StepApp_<\/a>$TIME<\/a> @wonderland_fi<\/a>$CRA<\/a> @PlayCrabada<\/a>$ALBT<\/a> @allianceblock<\/a>$BIFI<\/a> @beefyfinance<\/a>$PNG<\/a> @pangolindex<\/a>$CQT<\/a> @Covalent_HQ<\/a>$ANY<\/a> @MultichainOrg<\/a>#AVAX<\/a> $AVAX<\/a> pic.twitter.com\/9ozC2j4Wrp<\/a><\/p>\n
\u2014 AVAX Daily \ud83d\udd3a (@AVAXDaily) November 21, 2022<\/a><\/p><\/blockquote>\n
In addition, DeFiLlama<\/a> has noticed a 4% rise in TVL. All in all, investors and traders have a lot to be optimistic about here.<\/p>\n
But the technicals of the coin suggest that the bullishness is fleeting, as it is being carried around by the present bear market.<\/p>\n
SUSHI Remains Stale<\/strong><\/h2>\n
Since its crash in May 2022, SUSHI’s price has barely moved. Also, the token has been trading between $2.083 and $0.861 for some time now.<\/p>\n
This coin, however, has been making higher highs and lower lows despite the bear market since the latter half of Q2 this year.<\/p>\n
The present price surge, however, is not only due to its recent successes, but also to the active development that Santiment<\/a> has seen.<\/p>\n
<\/p>\n
Image: TradingView<\/pre>\nRecently, the team issued an update on its focused liquidity pool, which they claim would increase capital utilization efficiency.<\/p>\n