{"id":505301,"date":"2022-10-07T08:50:26","date_gmt":"2022-10-07T08:50:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=505301"},"modified":"2022-10-07T06:01:44","modified_gmt":"2022-10-07T06:01:44","slug":"this-little-known-defi-token-is-attracting-investors-find-out-here","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/this-little-known-defi-token-is-attracting-investors-find-out-here\/","title":{"rendered":"This Little Known DeFi Token Is Attracting Investors – Find Out Here"},"content":{"rendered":"

This DeFi token, which only ranks 138<\/span>th<\/span> among cryptocurrencies according to total market capitalization, is starting to make some real loud noise in the crypto space this ‘Uptober.’<\/span><\/p>\n

Even though the market continues to struggle to recover from its dismal September performance, SUSHI – the native token of SushiSwap – is making impressive leaps over the past couple of days.<\/span><\/p>\n

At press time, according to data from <\/span>CoinGecko<\/span>, SUSHI is trading at $1.33<\/a> and has been up by 3.5% for the past 24 hours.<\/span><\/p>\n

It currently carries a 20.1% price increase for the past seven days while its performance for the past 30 days has been equally impressive, recording a 15.5% uptick in value.<\/span><\/p>\n

While it is still in the lower ranks of cryptocurrencies due to its $255 million market cap, SUSHI is currently the subject of tremendous interest among investors.<\/span><\/p>\n

Related Reading: Hedera: Investors Should Check Out These Data Before Buying HBAR<\/a><\/strong><\/div>\n

SUSHI Sounds Delectable To GoldenTree<\/b><\/h2>\n

Asset management powerhouse GoldenTree recently announced it has invested $5.3 million to SUSHI \u2013 a move that was instrumental for the governance token\u2019s recent bullish rally.<\/span><\/p>\n

During a SushiSwap forum held last Wednesday, the firm admitted they have been following the digital asset for a while now and that they are more excited about it with the upcoming rollout of their crypto-focused GoldenChain Asset Management Arm.<\/span><\/p>\n

GoldenTree went on to say that the crypto asset has incredible potential and that it \u201crepresents the best of DeFi, both in origin and in community.\u201d<\/span><\/p>\n

The $50 billion privately owned asset manager has full trust in SUSHI as it iterates and innovates \u201cwithout artificial barriers to completion.\u201d<\/span><\/p>\n

DeFi Token No Longer Just A Clone<\/strong><\/h2>\n

As a digital token, SUSHI had a hard time earning respect from crypto aficionados as it was created as a copy of Uniswap.<\/span><\/p>\n

Although it attempted to be better than the asset where it was based through liquidity mining and governance features, the token ended up lagging behind its competitors.<\/span><\/p>\n

But the $5.3 million GoldenTree investment speaks volumes of how much interest the digital currency is now commanding.<\/span><\/p>\n

The multi-billion dollar company did not dismiss the challenges that plagued SUSHI in the past but at the same time said they are amazed by the resiliency of the core team and the asset\u2019s community of supporters.\u00a0<\/span><\/p>\n

GoldenTree took notice of the top-tier products that SushiSwap has built and released, becoming one of their reasons for the game-changing investment.<\/span><\/p>\n

Related Reading: Polkadot Seeing Lots Of Development Activity \u2013 But Why Is DOT Stuck In The Cellar?<\/a><\/strong><\/div>\n

<\/p>\n

SUSHI market cap at $168 million | Featured image from Japan Centre, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
This DeFi token, which only ranks 138th among cryptocurrencies according to total market capitalization, is starting to make some real loud noise in the crypto space this ‘Uptober.’ Even though the market continues to struggle to recover from its dismal September performance, SUSHI – the native token of SushiSwap – is making impressive leaps over the past couple of days. At press time, according to data from CoinGecko, SUSHI is trading at $1.33 and has been up by 3.5% for the past 24 hours. It currently carries a 20.1% price increase for the past seven days while its performance for the past 30 days has been equally impressive, recording a 15.5% uptick in value. While it is still in the lower ranks of cryptocurrencies due to its $255 million market cap, SUSHI is currently the subject of tremendous interest among investors. Related Reading: Hedera: Investors Should Check Out These Data Before Buying HBAR SUSHI Sounds Delectable To GoldenTree Asset management powerhouse GoldenTree recently announced it has invested $5.3 million to SUSHI \u2013 a move that was instrumental for the governance token\u2019s recent bullish rally. During a SushiSwap forum held last Wednesday, the firm admitted they have been following the digital asset for a while now and that they are more excited about it with the upcoming rollout of their crypto-focused GoldenChain Asset Management Arm. GoldenTree went on to say that the crypto asset has incredible potential and that it \u201crepresents the best of DeFi, both in origin and in community.\u201d The $50 billion privately owned asset manager has full trust in SUSHI as it iterates and innovates \u201cwithout artificial barriers to completion.\u201d DeFi Token No Longer Just A Clone As a digital token, SUSHI had a hard time earning respect from crypto aficionados as it was created as a copy of Uniswap. Although it attempted to be better than the asset where it was based through liquidity mining and governance features, the token ended up lagging behind its competitors. But the $5.3 million GoldenTree investment speaks volumes of how much interest the digital currency is now commanding. The multi-billion dollar company did not dismiss the challenges that plagued SUSHI in the past but at the same time said they are amazed by the resiliency of the core team and the asset\u2019s community of supporters.\u00a0 GoldenTree took notice of the top-tier products that SushiSwap has built and released, becoming one of their reasons for the game-changing investment. Related Reading: Polkadot Seeing Lots Of Development Activity \u2013 But Why Is DOT Stuck In The Cellar? SUSHI market cap at $168 million | Featured image from Japan Centre, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":505302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,54512,8686,82802,4728],"class_list":["post-505301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-defi","tag-ethusd","tag-sushi","tag-token"],"acf":[],"yoast_head":"\nThis Little Known DeFi Token Is Attracting Investors - Find Out Here<\/title>\n<meta name=\"description\" content=\"This DeFi token, which now ranks 138th based on total market capitalization, is starting to make some real loud noise in the crypto space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/this-little-known-defi-token-is-attracting-investors-find-out-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Little Known DeFi Token Is Attracting Investors - 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Little Known DeFi Token Is Attracting Investors – Find Out Here","url":"http:\/\/ktsl888.com\/news\/this-little-known-defi-token-is-attracting-investors-find-out-here\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/this-little-known-defi-token-is-attracting-investors-find-out-here\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Sushi.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Sushi.png?fit=666%2C372"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","defi","ethusd","sushi","token"],"dateCreated":"2022-10-07T08:50:26Z","datePublished":"2022-10-07T08:50:26Z","dateModified":"2022-10-07T08:50:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Little Known DeFi Token Is Attracting Investors – Find Out Here\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/this-little-known-defi-token-is-attracting-investors-find-out-here\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/this-little-known-defi-token-is-attracting-investors-find-out-here\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Sushi.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Sushi.png?fit=666%2C372\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"defi\",\"ethusd\",\"sushi\",\"token\"],\"dateCreated\":\"2022-10-07T08:50:26Z\",\"datePublished\":\"2022-10-07T08:50:26Z\",\"dateModified\":\"2022-10-07T08:50:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Sushi.png?fit=666%2C372","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/505301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=505301"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/505301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/505302"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=505301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=505301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=505301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}