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SushiSwap price is crawling back: time to buy SUSHI?

SushiSwap price made a strong recovery on Monday as demand for the DeFi token rose. It rose to a high of $1.4520, which was the highest level since October 20. It has rallied by more than 42% from its lowest level in August of this year. So, will the SUSHI price continue rising? SUSHI rebound…


SushiSwap price made a strong recovery on Monday as demand for the DeFi token rose. It rose to a high of $1.4520, which was the highest level since October 20. It has rallied by more than 42% from its lowest level in August of this year. So, will the SUSHI price continue rising?

SUSHI rebound continues

SushiSwap is one of the leading players in the Decentralization Finance (DeFi) industry. It is a platform that is an alternative to other popular platforms like Uniswap, dYdX, and PancakeSwap. A key difference is that it offers liquidity mining.

The platform makes it possible for developers to swap, earn, stack yields, lend, and borrow in a single application. SushiSwap was built on Ethereum, Arbitrum, Polygon, and Harmony among others.

SushiSwap has handled over $228.68 billion in the past few months. It offers more than 16.3k total cryptocurrency pairs to traders. 

SushiSwap price has risen in the past few months as investors react to the recent activity in the network. For example, the community voted for a new Head Chef, Jared Grey last month. Jared was formerly the CEO of EONS, a leading DeFi exchange. Before that, he was the CEO of Bitfineon, a small cryptocurrency exchange.

SUSHI price rose after Jared Grey reached out to Changpeng Zhao, the head of Binance on collaboration. On Sunday, Changpeng said that Binance was investing heavily in DeFi. It is unclear whether Binance will collaborate with SushiSwap anytime soon.

Meanwhile, SushiSwap price has risen ahead of the Meiji upgrade that will replace the current Sushi DAO. Meiji DAO will bring governance on chain and kickstart the Meiji Restoration of Sushi. The new Meiji DAO requires shares instead of tokens, and feature a new quadratic voting mechanism. Also, it will be a fully autonomous on-chain.

SushiSwap price prediction

Is it now safe to buy SushiSwap? The daily chart shows that the SUSHI price has been in a strong bullish trend in the past few months. It has risen above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral point. It has formed a cup and handle pattern.

Therefore, the coin will likely continue rising as bulls target the next key resistance level at $1.5788, which is about 10% above the current level. A drop below the support level at $1.3756 will invalidate the bearish view.

How to buy SushiSwap

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


Buy SUSHI with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


Buy SUSHI with Bitstamp today


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Bitcoin

Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

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Bitbot’s presale frenzy grows as $1.1M is raised: Can $BITBOT claim a 100x gain?

Bitbot has generated FOMO due to its self-custodial features. The project runs a $100,000 airdrop with $1,000 rewards. $BITBOT carries a 100x potential amid presale frenzy and unique strengths. Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented…


bitbot crypto trading bot website homepage
  • Bitbot has generated FOMO due to its self-custodial features.
  • The project runs a $100,000 airdrop with $1,000 rewards.
  • $BITBOT carries a 100x potential amid presale frenzy and unique strengths.

Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented gains, cementing the status of Telegram bots as an unstoppable crypto phenomenon. Bitbot launches when this frenzy is still alive while guaranteeing added security advantages. This has created a frenzy for the token, with the presale raising more than $1.16 million through stage 6. Consequently, Bitbot has been labelled a 100x token amid its self-custodial features. Let’s investigate more about this token.

Bitbot generates FOMO: What is its unique value proposition?

The key to Bitbot’s popularity is intense speculation. This is the first Telegram trading bot project offering self-custodial features. But what does this mean?

Trading on Telegram trading bots has been beset with controversy. The exploits of leading projects such as Unibot and Banana Gun showed how less protected investors are. This has been caused by the fact that these projects are custodial. They hold users’ private keys and assets, exposing them to potential losses if their accounts are compromised.

With self-custodial features, Bitbot allows users complete control over their assets. Users control their private keys, meaning no one can steal their assets if the platforms are exploited. This is an advantage to users seeking greater control and peace of mind when trading on Telegram trading bots. 

Owing to the self-custodial features, Bitbot has generated a frenzy that the token could explode when listed. Similar price trends have been recorded in other Telegram trading bots launched earlier. As such, Bitbot’s superior strengths could fuel higher price movements and return more to investors.

In addition to being self-custodial, the project is attractive with its enhanced security mechanisms. The wallet is secured by KnightSafe security protocols for institutional-grade reinforcement. There are other safety enhancements, such as anti-rug features. 

The all-around protections have created an expectation that $BITBOT is a huge potential token. The frenzy is underlined by the rapid presale and token predictions, which are as high as 100x. 

Bitbot: Profitable token with up to $100K airdrops and 50% revenue shares

The number of followers on Bitbot’s socials has grown rapidly, thanks to profitable offers. An example is Twitter, which has over 114,000 followers. The attraction has been due to the profitable opportunities posted on the platforms. The notable one is the $100,000 airdrop that has attracted fans. 

The competition is open to all fans globally. Winners stand a chance to walk away with $1,000 worth of Bitbot tokens from a $100,000 prize pool.

The prelaunch offer is ongoing, with users needing to act on Bitbot to win odds. One just needs to participate in Bitbot, share about the project, subscribe to its mailing list, and more. Winners will be rewarded right before the project kicks off. 

Bitbot is also a source of long-term passive income generation. Token holders get a share of 50% of transaction fee revenue generated from the platform. Aside from enjoying seamless trading through an app, one grows their investment over time. The unique advantage over rivals makes Bitbot a very attractive trading platform. This generates value for the token, unlocking its future potential.

Can $BITBOT rise by 100x?

Telegram trading bots represent the future of trading, and statistics back this up. The sector has witnessed over $13.6 million in cumulative trading volumes. This is an advantage to the Bitbot token, debuting when a market frenzy unfolds. As such, the debut could be met with wild price movements.

Whether $BITBOT can rise 100x is speculative. However, rival tokens, which carry lesser superior features, have risen by approximately similar margins. As such, $BITBOT carries the potential to claim a 100x gain. A robust presale and speculation cement the token’s status as a potential big gainer.

To purchase $BITBOT while on presale, investors can visit the project’s website page.


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