SushiSwap (SUSHI) is an ERC-20 token that represents the native token of the Sushi platform, one of the world’s leading decentralized trading (DEX) platforms. SushiSwap offers its users the possibility to exchange any ERC-20 token for another, without intermediaries and with reduced commissions. In addition, SushiSwap allows its users to provide liquidity to token pairs, receiving in exchange LP (liquidity provider) tokens that represent their share of participation. LP tokens can be used to stake and receive rewards in SUSHI, the platform’s governance token. SUSHI also has other functions, such as the ability to participate in decisions on the platform, to access new projects and tokens, and to benefit from discounts and airdrops
.
When will it reach 1 dollar?
The current price of SUSHI is around 0.42 USD. According to some forecasts based on technical analysis, the price of SUSHI could reach 1 USD by the end of 2026 or the beginning of 2027. However, these forecasts are only estimates and do not guarantee that the price will actually follow this trend. The price of SUSHI will depend on many factors, including supply and demand, platform innovations and developments, competition, market conditions and regulations
.
When will it reach 10 dollars?
The price of SUSHI reached its all-time high of 23.38 USD in March 2021. Therefore, reaching 10 USD would require an increase of more than 2200% from the current price. This is a very ambitious goal and unlikely in the short or medium term. According to some forecasts, the price of SUSHI could reach a maximum of 2.91 USD by 2030. To reach 10 USD, SUSHI should have a market capitalization of approximately 21 billion USD, assuming a circulating supply of 2.1 billion SUSHI. This would mean that SUSHI should be among the top 20 cryptocurrencies by market capitalization, surpassing projects such as Litecoin, Chainlink, Stellar and others. This scenario is very difficult to achieve, unless there are extraordinary events that radically change the cryptocurrency landscape
.
When will it reach 100 dollars?
The price of SUSHI at 100 USD is even more improbable and unrealistic than the price at 10 USD. To reach this level, SUSHI should have a market capitalization of approximately 210 billion USD, assuming a circulating supply of 2.1 billion SUSHI. This would mean that SUSHI should be among the top 3 cryptocurrencies by market capitalization, surpassing projects such as Ethereum, Binance Coin, Cardano and others. This scenario is almost impossible to achieve, unless there are revolutionary events that make the Sushi platform the undisputed leader in the DEX industry and that increase the demand for SUSHI tremendously
.
When will it reach 1000 dollars?
The price of SUSHI at 1000 USD is practically impossible to achieve, unless there is a drastic devaluation of the dollar or an incredible revaluation of SUSHI. To reach this level, SUSHI should have a market capitalization of approximately 2.1 trillion USD, assuming a circulating supply of 2.1 billion SUSHI. This would mean that SUSHI should be the largest and most valuable cryptocurrency in the world, surpassing Bitcoin, Ethereum, and any other existing or future cryptocurrency. This scenario is extremely unlikely and irrational, unless there are miraculous events that make the Sushi platform the only and the best DEX protocol in the world and that create an
unprecedented demand for SUSHI.
Is it considered a good investment?
The Sushi platform is an innovative and promising project that aims to provide a secure, stable and convenient decentralized cryptocurrency trading service. The platform has an active community and a competent development team that is constantly working to update and optimize the platform. The SUSHI token has a utility and governance function that makes it necessary for the operation and evolution of the network. However, investing in SUSHI also involves risks and challenges. The Sushi platform faces stiff competition from other DEX platforms, which may offer better or cheaper services to users. The Sushi platform also depends on the Ethereum network, which could experience congestion, delays, fee increases, and security vulnerabilities. In addition, the price of SUSHI is subject to fluctuation and volatility, influenced by factors such as supply and demand, market conditions, news, regulations and investor emotions. Therefore, investing in SUSHI requires good knowledge of the project, in-depth research, risk management and a long-term vision. This is not investment advice, but only general information. Before investing in any cryptocurrency, you should consult a qualified professional.
Price forecasts from 2024 to 2030
Based on some sources that have made SUSHI price forecasts based on technical analysis, a table can be created that summarizes the minimum, average and maximum estimates for each year from 2024 to 2030. These forecasts are only indicative and do not guarantee that the price will actually follow this trend. The price of SUSHI will depend on many factors, including supply and demand, platform innovations and developments, competition, market conditions and regulations
.
| Anno | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $0.38 | $0.62 | $0.82 |
| 2025 | $0.82 | $0.82 | $1.02 |
| 2026 | $1.02 | $1.07 | $1.34 |
| 2027 | $1.34 | $1.44 | $1.81 |
| 2028 | $1.81 | $1.86 | $2.29 |
| 2029 | $2.29 | $2.26 | $2.81 |
| 2030 | $2.81 | $2.67 | $2.91 |