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A recovery rally for Sushiswap is contingent upon these turn of events
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SushiSwap is maintaining its position as the tenth biggest DeFi protocol by the skin of its teeth. The more important issue though, is the fact that the protocol’s investors are observing constant losses and now they are reacting as per expectations.
SUSHI started out strong at the beginning of November but that motion lasted just for 3 days. On the fourth day, the altcoin began its downfall and has not stopped since. At the time of this report, coming down by 41% SUSHI was trading at $7.7.
SUSHI price action | Source: TradingView – AMBCrypto
This has led to the investors suffering the most with more than 84% of all addresses facing losses at the moment. Since its launch in August 2020, the current levels are at at lowest drop to occur so
Read more on ambcrypto.comAbout this in other media
Crypto market eyes recovery ahead of key US inflation data release cointelegraph.com /2 years ago
Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban cryptonews.com /2 years ago
Not keeping up with the recovery trend can have this impact on Solana ambcrypto.com /2 years ago
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