After a rally in long-standing DeFi blue chips, newer tokens have begun to surge. SushiSwap’s SUSHI token is up 30% in the past 24 hours alone, making it the top-performing crypto-asset in the top 100 by market capitalization.
This rally comes amid strong technical upgrades for the cryptocurrency, along with positive technical trends.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom SUSHI Surges 30%
SUSHI’s 30% rally in the past 24 hours comes as Uniswap’s UNI <a class="wpg-linkify wpg-tooltip" title="
CoinA coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.
” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin has also gained around 25-30% over that same time frame. An analyst suggests that the two coins are somewhat correlated: