SushiSwapThe original SUSHI token has risen higher in recent days and weeks. At the time of writing this article, the cryptocurrency is up 10% in the last 24 hours to $ 4.50.
SUSHI’s rally is because Ethereum is relatively flat on a day when Bitcoin pushed towards $ 42,000.
The Ethereum-based altcoin appears to be benefiting from some fundamental trends that indicate that the market will move higher in the coming days and weeks.
SUSHI remains a relative value game for Uniswap’s UNI token, analysts claim.
SushiSwap Roadmap expected
Tomorrow, the SushiSwap team is expected to release the roadmap for the project.
“0xMaki”, the pseudonymous and beloved “general manager” of the project, wrote on Twitter that the team will publish the ‘roadmap for 2021’ tomorrow.
SushiSwap is a decentralized exchange integrated into the Yearn.finance ecosystem. SUSHI is the native platform token; holders of the mint can earn dividends by putting their SUSHI in the so-called “Sushi Bar”.
– 0xMaki 源 義 経 (@ 0xMaki) January 8, 2021
The roadmap is expected to provide further information on SushiSwap’s cross-chain ambitions, possible protocol upgrades and the release date of the BentoBox product. BentoBox is currently being monitored by Quantstamp and is expected to go live in the coming weeks.
SUSHI is believed to benefit from the release of these upgrades and products, as more use should increase the fees SUSHI holders will receive over time.
All eyes on Bitcoin
While SUSHI has largely not correlated with other cryptocurrencies for the past several weeks, Bitcoin still dictates the overall market trend.
Bitcoin has clearly been on a bull trend in recent months, pushing from the region of $ 20,000 in December to $ 42,000 now. The leading cryptocurrency is being bought over by many technical indicators, analysts say, although the macro trend remains intact over the long term.
SUSHI will likely continue to outperform as long as it ships new products and updates amid this ongoing Bitcoin and Ethereum bull market.
Related reading: 3 Bitcoin On-Chain Trends Show A Macro Bull Market Is Brewing
Featured Image from Unsplash Chart from TradingView.com Price Tags: sushiusd, sushibtc Why SushiSwap (SUSHI) Is Surging 10% Higher Today