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SUSHI’s crypto price is in the bearish mode, down by almost 15% in a week.
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SUSHI crypto price is in the bear’s hold heading in the negative direction.
SushiSwap operates as a decentralized finance (DeFi) ecosystem, offering services like a decentralized exchange (DEX), yield farming, liquidity pools, and staking mechanisms. It’s built atop the Ethereum blockchain and strives to interconnect decentralized markets and financial tools.
The platform’s proprietary token, $SUSHI, serves dual purposes: as a utility and governance token. It rewards liquidity providers and grants governance rights to its holders. Liquidity contributors or stakers can earn $SUSHI tokens. Additionally, SushiSwap utilizes a fraction of its trading fees to repurchase $SUSHI, which is then redistributed to token stakers, thus encouraging long-term holding.
Technical Analysis Of Sushi Crypto Price
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