December 28, 2021

SushiSwap's (SUSHI) Leap Of Nearly 15% Gives A Good Signal For Its Investors

 SushiSwap (SUSHI) made a double -digit leap following the announcement of a restructuring that began to spread since early December 2021.


At the time of writing, SUSHI is trading at $ 9.08, up nearly 15% in 24 hours.


What happen?


On December 14, Avalanche (AVAX) lead developer Daniele Sestagalli voiced his desire to do a restructuring of SushiSwap.


His suggestion was uploaded to the Sushi forum platform the same day before being shared with his followers on the Twitter page:


My proposal to Restructure $ SUSHI. https://t.co/dmqcIIOD4W Long Live Sushiswap. #OccupyDeFi


- Daniele 🐸✊ (@danielesesta) December 13, 2021



While the nomination brought a mixed reaction among the Sushi community, there is no denying there was positive sentiment again after analyst from Sculpture Alex Wooodard named Sestagalli as the venture’s Head of Strategy.


So it is not surprising that the price of SUSHI recorded a positive price increase since yesterday.


However, recently SushiSwap's chief technology officer, Joseph Delong, left the crypto project on the grounds, "Sushi is very endangered, both due to internal and external factors."


The figure also claims there is too much drama in the ecosystem to cause some major developers like BoringCrypto to leave SushiSwap.


For the record, BoringCrypto owned the Kashi product by Sushi before it was sold to the Abracadabra.Money project founded by Sestagalli.


And more conflict has ensued to push the price of SUSHI down 79% from an all -time high (ATH) to a low of $ 4.91 on December 6th.


Perhaps the rise of SUSHI shows the negative drama is gradually calming down.