Decoding SushiSwap’s [SUSHI] unprecedented price growth

Golden Tree, an asset management firm, took a $5.3 million token stake in SushiSwap. Following this development, the SushiSwap token saw immense growth over the past 24 hours. Now, the question is- Will the news of investments and SushiSwap’s growth in the dApp space be enough to sustain SUSHI‘s growth? Here’s AMBCrypto’s Price Prediction for […]

, a member of the Golden Tree team announced their involvement with SushiSwap. The asset management firm will be involved with SUSHI’s tokenomics and will be putting forward new proposals.

Other than that, they will also be involved with improving the design and strategy aspects of the SushiSwap protocol., a leading crypto analytics firm, there was a massive pump in the number of addresses created on the network. Moreover, there was growth observed in terms of active addresses as well.That being said, SushiSwap’s social engagements have also grown by 23.

Another important factor has been SushiSwap’s development activity which has been strong post 3 October. However, in the case of UNI, the development activity seems to be dwindling. Well, not to forget, a spike in development activity could be perceived as a positive sign for any network.It is here to be noted that SushiSwap has also been involved with growing the popularity of its dApps over the past few days.

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