{"id":459692,"date":"2021-03-26T19:00:52","date_gmt":"2021-03-26T19:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=459692"},"modified":"2021-03-26T18:00:59","modified_gmt":"2021-03-26T18:00:59","slug":"whats-sushiswap-cooking-holders-prepare-for-upside-move","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/whats-sushiswap-cooking-holders-prepare-for-upside-move\/","title":{"rendered":"What&#8217;s Sushiswap cooking? Holders prepare for upside move"},"content":{"rendered":"<p>Decentralized exchange Sushiswap has not lagged behind <a href=\"https:\/\/ktsl888.com\/news\/uniswap-v3-announced-for-may-5-best-dex-design-on-the-planet\/\">Uniswap Labs&#8217; v3 announcement<\/a>. In an <a href=\"https:\/\/medium.com\/sushiswap-org\/introducing-kashi-lending-margin-trading-on-sushiswaps-bentobox-eb91286f6910\" target=\"_blank\" rel=\"nofollow\">official post<\/a>, they have introduced new products called BentoBox and Kashi Lending. Now, users of the platform have a new tool to maximize their earnings:<\/p>\n<blockquote><p>BentoBox is a vault, serving as a decentralized \u201cApp Store\u201d where you can deposit assets within to enable other Dapps. We are excited to announce that Kashi is our first Dapp within BentoBox, a margin trading platform powered by its lending protocol, allowing users to create lending token pairs of a wide range of however they perceive could optimize returns.<\/p><\/blockquote>\n<p>BentoBox will allow its users to generate profits from flash loans and other strategies that build on the product, according to the release. Kashi will be the instrument that will allow the use of tokens stored in BentoBox:<\/p>\n<blockquote><p>for lending, borrowing, and most importantly, one-click leverage trading transactions.<\/p><\/blockquote>\n<p>This announcement coincides with data shared by analyst Ali Martinez, recording an increase in development activity related to the Sushiswap during the last week. As shown in the image below, development activity has been increasing since the beginning of March until reaching a peak on the 13th of this month.<\/p>\n<p>Simultaneously, the analyst has indicated a distribution chart of SUSHI holders indicates that &#8220;insiders may be preparing for a bullish impulse&#8221;. In the past two days, addresses holding the SUSHI token have grown by 8.10% from 10,000 to 100,000.<\/p>\n<p>In anticipation of a possible bull-run, 15 new &#8220;mid-sized&#8221; whales have taken a position in SUSHI, since March 24. As a result, buying pressure on SUSHI has shown a significant increase. These investors seem to be confident that SUSHI&#8217;s price will prolong its rally in the coming days.<\/p>\n<h2>Sushiswap (SUSHI) outperforms UNI<\/h2>\n<p>Over the last day, according to DeFi Pulse data, Sushiswap has had a 0.64% increase in total value locked (TVL) to rank 6th in the top 10 DeFi protocols. In contrast, Uniswap has had a 3.40% growth in the same period.<\/p>\n<p>However, governance token <a href=\"https:\/\/ktsl888.com\/news\/defi\/traders-seek-safety-in-sushiswap-sushi-as-crypto-market-loses-25bn\/\">SUSHI has seen higher growth in the last 24 hours<\/a> with gains of 12.3%. On the weekly chart, losses still stand at 16.6%, but on the monthly chart, gains are at 12.4%.<\/p>\n<figure id=\"attachment_459697\" aria-describedby=\"caption-attachment-459697\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-459697 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI26.png?resize=860%2C424\" alt=\"\" width=\"860\" height=\"424\"><figcaption id=\"caption-attachment-459697\" class=\"wp-caption-text\">SUSHI on a bullish trajectory in the 24-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/\" target=\"_blank\" rel=\"nofollow\">SUSHIUSDT Tradingview<\/a><\/figcaption><\/figure>\n<p><a href=\"https:\/\/ktsl888.com\/news\/can-uniswap-v3-prevent-forks-top-lawyer-breakdowns-its-license\/\">UNI shows gains of 4.7% on the last day<\/a> and trades at $28.42. In the short term, SUSHI holders may still face significant resistance. IntoTheBlock&#8217;s Global In\/Out of the Money metric indicates that around 5,200 directions bought 87 million SUSHI in the high $10 range. These investors could take profit at current levels.<\/p>\n<figure id=\"attachment_459695\" aria-describedby=\"caption-attachment-459695\" style=\"width: 801px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-459695 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI26.jpg?resize=801%2C312\" alt=\"Sushiswap SUSHI\" width=\"801\" height=\"312\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI26.jpg?w=801 801w, https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI26.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI26.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI26.jpg?w=750 750w\" sizes=\"(max-width: 801px) 100vw, 801px\"><figcaption id=\"caption-attachment-459695\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized exchange Sushiswap has not lagged behind Uniswap Labs&#8217; v3 announcement. In an official post, they have introduced new products called BentoBox and Kashi Lending. Now, users of the platform have a new tool to maximize their earnings: BentoBox is a vault, serving as a decentralized \u201cApp Store\u201d where you can deposit assets within to enable other Dapps. We are excited to announce that Kashi is our first Dapp within BentoBox, a margin trading platform powered by its lending protocol, allowing users to create lending token pairs of a wide range of however they perceive could optimize returns. BentoBox will allow its users to generate profits from flash loans and other strategies that build on the product, according to the release. Kashi will be the instrument that will allow the use of tokens stored in BentoBox: for lending, borrowing, and most importantly, one-click leverage trading transactions. This announcement coincides with data shared by analyst Ali Martinez, recording an increase in development activity related to the Sushiswap during the last week. As shown in the image below, development activity has been increasing since the beginning of March until reaching a peak on the 13th of this month. Simultaneously, the analyst has indicated a distribution chart of SUSHI holders indicates that &#8220;insiders may be preparing for a bullish impulse&#8221;. In the past two days, addresses holding the SUSHI token have grown by 8.10% from 10,000 to 100,000. In anticipation of a possible bull-run, 15 new &#8220;mid-sized&#8221; whales have taken a position in SUSHI, since March 24. As a result, buying pressure on SUSHI has shown a significant increase. These investors seem to be confident that SUSHI&#8217;s price will prolong its rally in the coming days. Sushiswap (SUSHI) outperforms UNI Over the last day, according to DeFi Pulse data, Sushiswap has had a 0.64% increase in total value locked (TVL) to rank 6th in the top 10 DeFi protocols. In contrast, Uniswap has had a 3.40% growth in the same period. However, governance token SUSHI has seen higher growth in the last 24 hours with gains of 12.3%. On the weekly chart, losses still stand at 16.6%, but on the monthly chart, gains are at 12.4%. UNI shows gains of 4.7% on the last day and trades at $28.42. In the short term, SUSHI holders may still face significant resistance. IntoTheBlock&#8217;s Global In\/Out of the Money metric indicates that around 5,200 directions bought 87 million SUSHI in the high $10 range. These investors could take profit at current levels.<\/p>\n","protected":false},"author":535,"featured_media":459694,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83405],"tags":[82802,82835,83596],"class_list":["post-459692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-defi","tag-sushi","tag-sushiswap","tag-sushiudst"],"acf":[],"yoast_head":"\n<title>What&#039;s Sushiswap cooking? Holders prepare for upside move<\/title>\n<meta name=\"description\" content=\"Decentralized exchange Sushiswap has not lagged behind Uniswap Labs&#039; v3 announcement. 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In an official post, they have introduced new products called\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/whats-sushiswap-cooking-holders-prepare-for-upside-move\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-26T19:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-26T18:00:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Sushiswap-SUSHI-chef.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"702\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/whats-sushiswap-cooking-holders-prepare-for-upside-move\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/whats-sushiswap-cooking-holders-prepare-for-upside-move\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"What&#8217;s Sushiswap cooking? 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/ktsl888.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"What's Sushiswap cooking? Holders prepare for upside move","description":"Decentralized exchange Sushiswap has not lagged behind Uniswap Labs' v3 announcement. In an official post, they have introduced new products called","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/whats-sushiswap-cooking-holders-prepare-for-upside-move\/","og_locale":"en_US","og_type":"article","og_title":"What's Sushiswap cooking? 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What&#8217;s Sushiswap cooking? 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