Tag: sushiusd

Jan 15 2021

These cryptocurrencies are up over 10% today despite Ethereum’s sharp 8% drop

Jan 15 2021 Published at CryptoSlate under tags  altcoins atomusd dotusd sushiusd

Both Bitcoin and Ethereum have faced sharp declines over the past few hours despite the move to $40,000 on Thursday. BTC is down 10 percent in the past 24 hours while ETH has lost around eight percent over that same time frame. This drop comes amid two events: Developments indicate that Mt. Gox's liquidators are close to...

Jan 05 2021

Seven things the DeFi suite can do for you in 2021

Jan 05 2021 Published at CryptoSlate under tags  compusd defi ethusd guest post snxusd

DeFi was the hottest topic of the year in the 2020 crypto realm. It has ruffled feathers and disrupted the financial world as blockchain technology transcends simple value transfer to include other financial services. DeFi is a game-changer, innovation at the forefront, a promise, the next step to a global financial ecosystem where anyone, anywhere, at any time can access a variety of...

Jan 04 2021

SushiSwap (SUSHI) trading volumes hit fresh all-time high as DeFi market heats up

Jan 04 2021 Published at CryptoSlate under tags  altcoins defi ethusd sushibtc sushiusd

It appears that the decentralized finance (DeFi) boom is back after a multi- week hiatus. Ethereum gas fees have once again returned to the levels seen in the summer while DeFi coins such as AAVE, Yearn.finance's YFI, SUSHI, and more, have begun to...

Dec 24 2020

SushiSwap’s SUSHI rapidly drops 50% from $2.30 to $1.10 amid crypto crash

Dec 24 2020 Published at CryptoSlate under tags  altcoins defi sushiusd

As some crypto traders on Twitter put it, SushiSwap's native SUSHI coin just experienced its own Mar. 13. For those without context, Mar. 13 was the day that Bitcoin capitulated from the daily highs of around $8,000 to lows near $3,500 in the span of that day (and then some). Today,...

Dec 22 2020

Even after 400% rally, analysts are still excited about DeFi protocol SushiSwap (SUSHI)

Dec 22 2020 Published at CryptoSlate under tags  altcoins defi sushiusd

SushiSwap's native token SUSHI, even after the recent drop, is up strongly since the lows seen in October. From its all-time low price of just over $0.50, the cryptocurrency has shot as high as $3.00. Even at the current price of $2.65, it is up by over 400 percent since the lows....

Dec 16 2020

SushiSwap co-founder hints at ambitions to launch on other chains like Polkadot

Dec 16 2020 Published at CryptoSlate under tags  altcoins defi dotusd ethusd sushiusd

This has been said many times before but it's worth saying again, right now, DeFi has largely been relegated to Ethereum. While there are promising decentralized finance projects on other blockchains, they have seen little traction compared to Ethereum, where there is over $10 billion locked, one million total users, and tens of thousands of daily users. But this may soon change as...

Dec 15 2020

SushiSwap and Synthetix lead DeFi tokens in recovery amid widespread consolidation

Dec 15 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

The cryptocurrency market is in consolidation but SNX and SUSHI are flying the bullish flag high. Synthetix is poised for a 60% upswing above the ascending triangle pattern. The...

Dec 10 2020

What does Yearn.finance’s merger spree mean for DeFi?

Just ahead of the long-awaited Ethereum 2.0 upgrade, Andre Cronje of Yearn Finance prepares for the next phase of DeFi growth with a flurry of mergers. What does it say about the state of DeFi? Since its launch on July 17th, 2020, Yearn Finance had been envisioned as an aggregator platform encompassing various lending protocols, with the most...

Dec 01 2020

SUSHI surges 30% to multi-week highs after massive Yearn.finance (YFI) partnership

Dec 01 2020 Published at CryptoSlate under tags  altcoins defi sushiusd yfiusd

While many expected Bitcoin to steal the show as it has set a new all-time high, this has not been the case: unlike in October, altcoins have matched BTC's rapid ascent over recent days, moving in tandem with the lead cryptocurrency. No coin has shown this quite as well as SushiSwap's native SUSHI token. As...

Nov 30 2020

Ethereum DeFi space faces three notable bugs in the span of a Sunday morning

Nov 30 2020 Published at CryptoSlate under tags  defi ethusd sushiusd

The Ethereum DeFi space is scrambling this Sunday morning as this space has faced a series of bugs. Fortunately, it appears that all three are going to be solved without too many issues. Still, these bugs once again show how nascent this space is, and the importance of managing risk when dealing with these new and sometimes unaudited protocols. Let's break down what...

Oct 09 2020

DeFi yields crumble as Curve, Sushi, and other Ethereum coins crater

Oct 09 2020 Published at CryptoSlate under tags  crvusd defi sushiusd

In August and September, the decentralized finance (DeFi) space was in a state of frenzy: random food farming strategies were yielding tens of thousands of percent APY while more reputable pools, paying out coins to thousands of users, was generating yields on orders of magnitude higher than bank accounts. Yields have crumbled over recent weeks, though, at a rapid pace. A benchmark of...

Oct 05 2020

SushiSwap (SUSHI) dives 18%, loses $1 support as DeFi sell-off continues

Oct 05 2020 Published at CryptoSlate under tags  altcoins defi sushiusd

Despite relative resilience in the price of Bitcoin after the news of the U.S. CFTC charging BitMEX, leading Ethereum-based decentralized finance coins are being crushed as of this article's writing. No coin shows this as well as SushiSwap's SUSHI token, a governance token for the leading decentralized exchange. Top Ethereum-based...

Oct 04 2020

Will Sushiswap’s Declining Figures Affect Its Shelf Life ?

Oct 04 2020 Published at Coingape under tags  defi defi news sushi sushiswap sushiusd

Sushiswap was nothing less than an overnight success story that mostly rode on the fame of VC-funded Uniswap. Despite its promising yet contentious debut, trouble seems to be brewing for the DeFi trading protocol. It's native token...

Sep 18 2020

3 Reasons Why DeFi May Have Reached Its Peak

Sep 18 2020 Published at Coingape under tags  defi defi news degens ethaud ethbkrw

There is no doubt that DeFi has been the driver of all things crypto this year, ostensibly in the same way that altcoins catalyzed markets in 2017. According to one analyst though, the nascent industry may be at its top. Since...

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