The world of cryptocurrencies has seen a host of digital assets flourish, from varied sectors. One sector which has seen impeccable growth in the past is the sector of Decentralized Finance (Defi). Successively, numerable digital assets from Defis, have garnered the interest of the masses. One such asset is SushiSwap (SUSHI), which has seen bullish green price spikes in the past.
SushiSwap has been crowned as a fork of Uniswap, which aims at doing things in a much more efficient manner. The protocol boasts some of its unique traits such as AMM, and the Onsen Program, amongst others. Are you one of the many, who are considering SUSHI for the next Defi league? Then this write-up is the go-to source, as we decode the plausible price predictions for 2022 and beyond!
Overview
Cryptocurrency | SushiSwap |
Token | SUSHI |
USD Price | $1.64 |
Market cap | $209,273,047 |
Circulating Supply | 127,244,443.00 SUSHI |
Trading Volume | $146,605,251 |
All-time high | $23.38 (March 13th, 2021) |
All-time low | $0.4737 (November 4th 2020) |
*The statistics are from press time.
SushiSwap (SUSHI) Price Prediction For 2022
Potential Low | Average Price | Potential High |
$3.225 | $4.109 | $5.025 |
The price of SUSHI was seen at $10.461, on the 1st of January 2022. Moving forward, the price slipped down to $6.635 by the 7th of January. After a short-term halt, the crypto asset slipped down to $3.921 by the 27th of January, amidst the market-wide sell-off. Starting from the 4th of February, SUSHI began building up volumes and breached the $5.027 mark by February 8th.
But as the industry was destined to meet FUD and panic. The crypto-asset slipped down to its multi-month low of $2.74 by the 13th of March. Thereafter, a steady incline took SUSHI to its quarterly closure at $4.528.
SushiSwap’s (SUSHI) Price Prediction For Q2
The crypto asset is presently hovering closer to its support levels at $1.609. Validating an uptrend, the quarter could be closed at $2.263. On the flip side, failing to do so, the altcoin could tumble down to $1.399. That said, a balance in buying and selling pressures could land the price at $1.905.
SUSHI Forecast For Q3
If the team behind SushiSwap rolls out notable developmental and community building initiatives. The price of the crypto asset could catapult to its potential high of $3.311. On the flip side, the lack of buzz around the project could leave it stranded at the low of $2.164. Constrained by the linear momentum, the average price could settle at $2.744.
Prediction Of SUSHI For Q4
The innovative offerings of the platform such as multi-chain AMM, staking, lending and leverage. And the Onsen program could drive in a host of new partnerships and adoptions. Further seeking impetus from the positivity of the fourth quarter, the price could propel to a maximum of $5.025.
In contrast, if the bears outrun the bulls, the price could tumble down to $3.225. Considering the bullish and bearish targets, the regular price could land at $4.109.
SushiSwap’s Price Forecast For 2023
If the…
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