Crypto trader predicts rapid growth of SUSHI token

A crypto trader known on Twitter as Altcoin Sherpa has named an altcoin that he believes will see rapid growth in the near future. It is the DeFi token of the Sushiswap platform (SUSHI).

$SUSHI: This area should provide a bounce w. 200 ema 4h and .50 fib, would want to see some consolidation here though before entering. Careful of some weird… 'news' that might come out though… #SUSHI pic.twitter.com/qI6CeuNiSP

— Altcoin Sherpa (@AltcoinSherpa) October 11, 2022

According to Altcoin Sherpa, SUSHI may increase in value in the near future, but investors should be cautious about any news on this issue. The analyst believes that SUSHI token is unstable and vulnerable to hacker attacks.

🎉 The community has voted and the results are in...

With nearly 11 out of 13 mln votes in favor - we're delighted to welcome Head Chef Jared Grey @jaredgrey to the Sushi family! 👨🏼‍🍳🍣

⚡️Snapshot: https://t.co/kInJSV6eup

Stay tuned for Jared's next steps, interviews & more! 📻 pic.twitter.com/zzVoRvHqu0

— Sushi.com (@SushiSwap) October 3, 2022

Amid news of the new CEO of Sushi DAO, Jared Gray, the cryptocurrency rose in price on October 3. However, at the time of writing, the value of SUSHI fell by 10.8% per day, and the token is trading at $ 1.12.

As for other altcoins, today three cryptocurrencies have become profitable in the short term. Huobi Token (HT) took the top spot, with the digital asset gaining 12.13% over the past day. OKB (OKB) took the second place in the profitability ranking. The cryptocurrency’s rate increased by 4.19% over the day, and the value of the OKX token amounted to $ 16.55. The third place went to KuCoin Token (KCS). Over the past 24 hours, the price of the virtual asset has soared by 3.8%, reaching $ 9.12.