Investors Concerned About SUSHI Lagging Behind Other Altcoins
2022.06.25 14:31
Investors Concerned About SUSHI Lagging Behind Other Altcoins
- SUSHI has been in some deep waters ever since the decentralized exchange (DEX) was deployed on the Kava network.
- The concerns surrounding SUSHI over the last few days were specifically aimed at the crypto’s OBV.
- SUSHI is also currently in the green and is trading at $1.29 after a 3.53% increase over the last 24 hours.
The crypto Twitter (NYSE:TWTR) community has been concerned about lagging altcoins, speciically SushiSwap (SUSHI).
SUSHI has been in some deep waters since the decentralized exchange (DEX) was deployed on the Kava network. The Kava network allowed SushiSwap to enjoy the incentives from the Cosmos system.
This partnership created the opportunity for SushiSwap to be part of the Kava Rise Program, which intends to make DeFi and Web3 interoperability easier.
Unfortunately, this development completely failed to trigger any strong reaction from the community, especially from SUSHI.
The concerns surrounding SUSHI over the last few days were specifically aimed at the crypto’s OBV that has been lackluster and because SUSHI seems to be lagging behind the other altcoins as it has not yet broken the daily super trend.
Luckily, things seem to be looking up for SUSHI. At the moment, SUSHI is the 145th most valuable crypto in terms of market cap, according to CoinMarketCap.
SUSHI / TetherUS 1D (Source: TradingView)
SUSHI is also currently in the green and is trading at $1.29 after a 3.53% increase over the last 24 hours, and after reaching a high of $1.33 over the same time period. This price translates to about 0.0000601 BTC and 0.001048 ETH. The crypto is also up more than 40% over the last seven days.
The issue of SUSHI’s volume has also been addressed over the last day as the crypto’s 24-hour trading volume currently stands at $82,999,138, which is a 9.79% increase from the previous day’s numbers.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.
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