Altcoins including Status (SNT), SushiSwap (SUSHI), and Bluzelle (BLZ) have experienced significant gains in the #cryptocurrency market, while #Bitcoin (BTC) continues to hover below the $35,000 mark. According to insights provided by blockchain intelligence firm Santiment, these three altcoins have emerged as top performers, capitalizing on the profits generated by Bitcoin.#SushiSwap (SUSHI), one of the leading decentralized exchanges in the crypto space, witnessed a remarkable surge of over 82% in its price over the past week. Santiment’s data shows that SUSHI’s impressive price rally caught the attention of investors and traders alike. However, at the time of writing, #SUSHI experienced a 24-hour price dip, possibly due to profit-taking activities, with the altcoin trading at $1.10.Bluzelle (BLZ), a decentralized data storage network, managed to secure a weekly gain of more than 39%. The cryptocurrency market saw traders consistently boosting the price of #BLZ , with an increase of more than 3.8% in recent trading. This surge pushed BLZ’s value to $0.2842, reaching a high of $0.2956 in the last 24 hours before retracing to its current level. Notably, BLZ remains closer to its peak than its daily low of $0.2684.Bitcoin shows modest gains while Altcoins thriveStatus (SNT) outshone other altcoins with an astonishing surge of over 108% in the past 7 days. This remarkable performance garnered significant attention in the crypto community. In the last 24 hours, SNT continued to impress with a 26.37% gain, elevating its value to $0.06451. Alongside the price jump, SNT’s daily trading volume also experienced a substantial uptick, reaching a total volume of $338,582,023.At the time of writing, Bitcoin (BTC), the dominant cryptocurrency, showed a modest gain of 1.12%, trading at $34,812.21. This contributed to BTC’s positive weekly performance, pushing it up by 2.18%. However, Bitcoin’s market dominance slipped by 0.18% during the past day, bringing its market dominance down to 52.40%.$BTC $SUSHI $BLZ

CB Recruitment is voting for a new Sushi Director or "Head Chef" Jared.

Sushi DAO is currently deciding whether to accept the proposed compensation package for CB Recruitment. There are various options of $50k+$50k, or they will refrain from paying at all, since the project will pay from the treasury, where user funds are also located.

📆 Voting will last until: March 3

#SushiSwap #CryptonResearchBot

All community members who hold at least 50 $SUSHI tokens ( snapshot taken on Wednesday, March 1 on the networks: Ethereum, Polygon, Arbitrum, Avax, Gnosis and Fantom) can receive OAT. The campaign will take place on the Polygon network.

#SushiSwap #CryptonResearchBot

Post By: CryptosHeadlines.com

SushiSwap’s remarkable 80% price surge has ignited a sense of excitement, attracting derivative traders who are riding the bullish wave. The big question on everyone’s mind is whether this beloved cryptocurrency will maintain its upward momentum.

SushiSwap, represented by the token SUSHI, has seen a substantial price surge, placing it among the notable winners in the present market conditions. This upward trend has sparked the interest of derivative traders, who are increasingly adopting a bullish outlook on SushiSwap’s future performance.
SushiSwap Thriving in the Altcoin Bull Market
SushiSwap is emerging as one of the standout gainers in the current altcoin bull market. This positive trend is partly attributed to the recent rise in the value of Bitcoin (BTC) over the past weeks. As Bitcoin maintained a price level above $34,000, it fueled gains for altcoins like SushiSwap. According to a Santiment report, SushiSwap has recorded an impressive 82% increase in value over the past week.
Examining the daily chart, a substantial portion of SushiSwap’s remarkable 80% price surge occurred during a single trade on November 1st. This specific trade contributed to 47.80% of the overall increase. Following this surge, the asset experienced a modest drop of over 8% in the subsequent trading session. However, it remained within the new price range. At the time of writing, SushiSwap was trading at approximately $1.0, with a 2% increase in its value.

Source: TradingView
Indicators and Market Trends
The Relative Strength Index (RSI) offered a potential insight into the asset’s future movement. At the time of writing, the RSI had exceeded 80, indicating that SushiSwap was overbought and in a bullish trend. This could suggest a future price correction.
A decline in trading volume further hinted at the possibility of a price retracement. The lower trading activity indicated that a shift in price direction might be on the horizon.
Derivative Market Traders’ Positive Outlook
Derivative market traders appeared optimistic about SushiSwap’s future as well. The funding rate on Coinglass showed a notable increase, reaching approximately 0.2%, the highest level in several months. Although it gradually decreased, it remained in positive territory at around 0.01% at the time of this report.
The recent price surge also led to an increase in liquidations, with only a slight difference between short and long liquidations. Short liquidations amounted to roughly $213,000, while long liquidations stood at approximately $218,000.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #SushiSwap #SUSHI

The price of #SushiSwap has seen strong performance in the last week, with a notable increase of 63% and surpassing the $1 trading threshold.
The surge resulted in the liquidation of short contracts for $4.87 million, marking the largest value observed in almost three months.
The rally exhibits significant magnitude, owing to the huge contribution of SUSHI investors, whose involvement has seen a remarkable surge of 670% over a span of four days.
The price of SushiSwap has experienced remarkable increases in recent days, particularly within this month, as investors eagerly seized the chance to maximize their gains. The network also appeared to derive advantages from their involvement, leading to a distressing experience for short traders.
The price of SushiSwap experiences a significant surge.
The price of SushiSwap, which is currently trading at $1.05, had a significant increase of 63% within a short period of four days. The analysis of the three-day chart reveals a notable upward movement that occurred throughout the current month, resulting in the surpassing of significant resistance levels by SUSHI.
The cryptocurrency has surpassed the 23.6% and 38.2% Fibonacci Retracement levels, which were set at $0.86 and $1.03 respectively, after experiencing a decline from $1.81 to $0.56. In the event that the cryptocurrency successfully establishes the $1.03 level as a support, it would facilitate an upward movement towards $1.19, aligning with the 50% Fibonacci retracement level.

Nevertheless, should SUSHI fail to maintain this threshold, it would render the token susceptible to a decline towards $0.86. Furthermore, if the three-day candlestick concludes below this critical level, it would serve as confirmation that the optimistic hypothesis has been discredited, perhaps resulting in a decrease in SushiSwap's price below $0.80.

Short traders in the #sushi market experience significant losses.
A decrease in the price of SushiSwap would serve as a compensatory outcome for short traders, given that the preceding four days have been particularly unfavorable for their positions. Based on the data acquired from Coinglass, it can be observed that the rally led to a constant and substantial liquidation of short contracts over a period of three days.
During the observed period, traders maintained their anticipation for a decrease that did not materialize, resulting in the liquidation of short contracts. Approximately $4.87 million worth of short positions were liquidated during this time.

It is noteworthy that the responsibility for the financial losses incurred by traders is attributed to the $SUSHI investors themselves. The early surge in value garnered the interest of SUSHI holders, prompting them to actively engage in transactions on the network.
As a result, there was a significant increase in active addresses, which rose from 196 to 1,304 over a span of two days, indicating a substantial surge of 670%. The aforementioned factor sustained the upward trend in the market, leading to a substantial increase of 63%.
Therefore, in order to generate gains, it is possible that short traders may desire a decrease in value. If the price of SushiSwap falls below the support level of $1.03, short traders will get their desired outcome.
#crypto2023