BAT and SUSHI increase 10% despite the slow weekend market movement as per the latest price analysis that we have in our latest altcoin news today.
Today, BAT and SUSHI tokens increased by 10% and pumped their way out of stagnation with the price gains shaking up what was a slow weekend crypto market. The global market is now worth $1.32 trillion as it grew by 10% overnight as well. Sushiswap’s SUSHI token accounts for $1.3 billion in this market and it also bucked the trend. According to CoinGecko, the 63rd biggest crypto is worth $7.01 at the time of writing marking an increase of 9.9% in the past day.
SUSHI is the native governance token of decentralized finance protocol SushiSwap and the holders can use SUSHI to vote on how the protocol offering yield farming and token swaps are run. They can acquire the token by staking their holdings or by buying the token on the exchange. A day ago, some of the community got upset by a proposal by the protocol’s leader oxMaki to use 25% of the treasury to offer discounts on SUSHI of 20-30% to the 21 venture capital investors, and in exchange, investors will stake their tokens on the platform.
While the drama unfolded, another token increased as well and that’s Basic Attention Token BAT which is now worth $0.55 marking a 9% increase from a day ago. With a market cap of $826 million, BAT is ranked 82nd on Coingecko. Brave launched BAT as a native token of the privacy browser to monetize users’ attention to adverts. The browser blocks the adverts and trackers by default but users are able to enable the ads to earn BAT rewards so advertisers and publishers are paid in BAT for user engagement.
Brave users expect a major update in the upcoming weeks with the arrival of the Brave wallet which will unify the browser’s native crypto wallet with support for BTC and Polygon.
As recently reported, ThorChain got compromised and it is the latest protocol to be exploited with estimations showing that the hackers might have swooped up to $7.6 million in digital assets. The team behind the DeFi exchange promised to make all affected users and requested the perpetrators to contact them and discuss the return of the funds. THORChain reported the hack on Twitter and the amount stolen still remains unconfirmed as the initial estimations show that it was more than 13,000 ETH worth roughly $25 million at today’s prices.
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