SUSHI, SushiSwap’s native token, has experienced a strong rally in the past 24 hours. The leading cryptocurrency has surged 10% in the past 24 hours and has hit recent week highs after several days of slow price action.
SUSHI’s rally comes with Bitcoin rising further and rising to an all-time high of $ 29,500. The leading cryptocurrency is currently trading at $ 29,300 after a slight correction.
The rally in SushiSwap’s Ethereum-based crypto currency is taking place with the ETH correction. Ethereum has dropped 1.5% in the past 24 hours. This regression usually means that altcoins are underperforming.
SUSHI rises with other DeFi coins
SushiSwap’s rally between the last 24 hours and 48 hours took place as the DeFi market is finally showing some sort of recovery.
Many decentralized finance-focused cryptocurrencies such as UNI and YFI have faced strong corrections in recent weeks. As Ethereum recovered, the most attention focused on Bitcoin and smaller groups of altcoins.
DeFi is finally recovering because Bitcoin’s momentum may be slowing down.
SUSHI has been one of the best performing crypto assets in the past 24 hours. The best performing DeFi coin of the last day, except for THORChain’s RUNE, which has earned 15% in the last 24 hours.