SushiSwap is a decentralized cryptocurrency exchange platform and the latest global economic trend. Today, the price of SushiSwap lies at $14.05, which is higher than that of the previous day by almost 2.04%. With more than 127,244,443 coins in circulation, the best exchanges for trading in SushiSwap include Binance, FTX, CoinTiger, OKEx, and Huobi Global. Read on to gain a deeper insight into the statistical trends and working patterns of SushiSwap.
What Is Sushiswap (SUSHI)?
SushiSwap is an Automated Market Maker (AMM) that has become pretty popular, of late, among cryptocurrency enthusiasts. The decentralized exchange forum of SushiSwap employs Blockchain-driven intelligent contracts to create new markets for trading in token pairs. Founded in 2020, SushiSwap was forked out of UniSwap, an AMM that had powered the trading explosion of DeFi tokens.
Historical Data of Sushiswap Token (SUSHI)
The origin of SushiSwap is shrouded with mystery and controversy. Created by a couple of anonymous developers, SushiSwap coins came into circulation with a price of $3.44. Soon, the cost of the coin rose to $10.19, after which it dipped to $2.87 by the end of the year 2020. Nonetheless, the price of the SushiSwap coin increased again, only to plummet from $4.67 to $3.40 in January 2021. By mid-January, the coin’s price skyrocketed to $7.37, and market analysis reveals that the inclination in the price graph shall persist for a while now.
Where to Buy Sushiswap (SUSHI) Token?
SushiSwap token is available for trading and exchange on several platforms. Traders may register with BKEX, Bitfinex, Sushiswap, Huobi Global, OKEx, and Binance for conducting trading and investment in Sushi coins.
After buying Sushi coins, store the same in wallets like Wallet Connect and Metamask. The latter is more convenient as it is easily accessible through any browser. These are decentralized wallets that allow instant fund transfer and quick withdrawal of funds from the exchanges.
Current SUSHI Price Scenario and Beyond
The current market cap of the SushiSwap token is $1,604,882,796, and the current trading price of the token is $19.89. According to the SushiSwap price prediction by experts, the token will continue to be on a bullish trend this year. It is somewhat tricky for SushiSwap to maintain a low trading volume as new tokens keep getting added to the circulation most frequently. It is being anticipated that the price of SushiSwap will become $40 by the beginning of 2022.
SushiSwap is associated with a strong network of influential Chinese entrepreneurs. Such a network may contribute to a rise in the token price from $65 to $70 by the end of the year 2023. Based on AI-driven analysis conducted by Wallet Investor, there will be a steep inclination in the token price by almost 40% in 2021. Even though the prediction of Wallet Investor is a tad too optimistic yet, based on the AI-assisted technical analysis, it can be forecast that the price shall hit $130 by 2026. If you want to get a detailed analysis, then you must check out CryptoNewsZ’s Cryptocurrency price prediction by their experts.
The competitive returns on trading and investment have made the platform and its token incredibly popular among crypto users worldwide. The deployment of Ethereum-based smart contracts to mitigate risks associated with traditional fund transfer does not fail to attract traders and investors. Even though the anonymity of its origin leaves one in doubt, it can be safely said that investing in SushiSwap would undoubtedly be a profitable venture.