Be a DeFi Chef with Sushi: SUSHIUSDT analysis
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❇️ COINMARKETCAP's DATA :
Rank #64 kind: Token- On 92,523 watchlists - Market Cap :$2,227,399,231
Fully Diluted Market Cap: $4,376,364,252
Volume24h: $1,519,313,047
Volume / Market Cap : 0.05967
Circulating Supply :127,244,443 SUSHI 51%
Max Supply:250,000,000
Total Supply:214,097,742
What Is 🌟SushiSwap (SUSHI)🌟?
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges.
SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future.
❇️the partners helping us cook up the tastiest dishes in DeFi:
👉1.Yearn Finance
👉2.CREAM Finance
👉3.Aave
👉4.Pickle Finance
👉5.Akropolis
👉6.Keep3r Network
Who Are the Founders of SushiSwap?
❇️SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap.
coinmarketcap- sushi.com
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✅TECHNICAL ANALYSIS
As you can see in the WEEKLY time frame chart for SUSHI/USDT, the price is trading around $17 .
Sushi has been growing since November and until the middle of March 2021 it was able to grow almost 50 times.then After three weeks of correction, it resumes its growth with 2 ascending candlesticks, and if it can rise above the red downward trend trend line, after stabilizing on it or the pullback, it can grow up to the white trend line.
In the bear scenario, if it does not grow, it can fall to the support of the green areas.
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(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
❇️ COINMARKETCAP's DATA :
Rank #64 kind: Token- On 92,523 watchlists - Market Cap :$2,227,399,231
Fully Diluted Market Cap: $4,376,364,252
Volume24h: $1,519,313,047
Volume / Market Cap : 0.05967
Circulating Supply :127,244,443 SUSHI 51%
Max Supply:250,000,000
Total Supply:214,097,742
What Is 🌟SushiSwap (SUSHI)🌟?
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges.
SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future.
❇️the partners helping us cook up the tastiest dishes in DeFi:
👉1.Yearn Finance
👉2.CREAM Finance
👉3.Aave
👉4.Pickle Finance
👉5.Akropolis
👉6.Keep3r Network
Who Are the Founders of SushiSwap?
❇️SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap.
coinmarketcap- sushi.com
------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the WEEKLY time frame chart for SUSHI/USDT, the price is trading around $17 .
Sushi has been growing since November and until the middle of March 2021 it was able to grow almost 50 times.then After three weeks of correction, it resumes its growth with 2 ascending candlesticks, and if it can rise above the red downward trend trend line, after stabilizing on it or the pullback, it can grow up to the white trend line.
In the bear scenario, if it does not grow, it can fall to the support of the green areas.
--------------------------------------------------------------------------------------------------------------------
(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
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