Is SushiSwap (SUSHI) A Good Buy?

Last Updated February 7th 2022

7 Min Read

Is SushiSwap a good investment? Should you buy SushiSwap in 2022, and where can you buy SUSHI?

The majority of crypto experts and investors are confident that SushiSwap is a good buy because it currently is selling for cheap, yet its value is expected to shoot to unimaginable heights over the next few years.

Most of SushiSwap proponents are also confident the altcoin is a good long-term buy because it has not only performed exemplary well in the past but has also proven to be a highly resilient crypto asset.

They are confident that these and such other factors as the backing of the highly innovative AMM liquidity model, partnerships within the DeFi ecosystem, and updates to the SushiSwap network will go a long way in helping fuel SUSHI's continued value gain for the next few years.

But are these enough reasons to consider going long-term on the altcoin? Should you be buying SushiSwap tokens today?

We answer all these questions and tell you everything you need to know before buying the altcoin, including what SUSHI will be worth in 2022 and where to buy the token.

So, Should You Buy SushiSwap (SUSHI)?

Your decision to buy SushiSwap should be informed by more than our or other crypto analyst opinions online. It should be informed by careful analysis of the altcoin’s future and its alignment with your investing goals.

That said, we must mention that after extensive research of the SushiSwap network as well as a close analysis of its past price action and potential, we believe that SUSHI is worth buying. The majority of crypto experts and investors share this opinion and are confident that the DeFi token’s value will continue rising in the foreseeable future, which makes it a good buy today.

This optimism has its roots in the community’s belief in the SushiSwap project and the larger crypto industry.

For starters, SushiSwap uses the innovative AMM liquidity model that most experts and investors believe will play a key role in revolutionizing the DEX niche. Further, SushiSwap is constantly upgrading its network and entering into strategic partnerships aimed at popularizing the brand and fueling SUHI token prices. Not to mention that SUSHI already is a top 10 DEX and DeFi project whose popularity increases by the day.

They also believe that SUSHI is a solid buy today because the DeFi niche in which it operates is growing at a relatively fast rate. They argue that the adoption of blockchain technology is taking shape, and further uptake will have a near-direct and an almost-guaranteed positive impact on SUSHI token prices.

The majority of price prediction metrics that we have interrogated in the past have interacted with are also hugely bullish about the SUSHI token’s future price action - adding on to the reasons why is the DeFi token is a good buy today.

Don't Miss: Will SushiSwap (SUSHI) Make Me Rich?

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Why Is SushiSwap (SUSHI) So Popular Right Now?

SushiSwap has been around for slightly more than a year, and though it has since fallen off the top 100 most valuable cryptocurrencies list, it still is one of the most talked-about DeFi projects. At first, it was hugely popular because of its successful launch, but this turned sour after the Chef Nomi exit scam allegations.

The fact that it had forked off the most innovative DEX yet at the time, UNISWAP, could have been enough. But SushiSwap went on to create a buzz in the crypto space when it had traders move more than $150 Million to its vaults on its first day of trading. The positive publicity was, however, fast replaced by the news that SushiSwap founder, Chef Nomi, had taken a $15 Million bite off the SushiSwap coffers in what was widely considered to be an exit scam.

While he eventually returned the funds, SushiSwap was never able to shake off this dark past as it often arises in most DeFi scam debates.

Today, however, SushiSwap is most popular because of its outstanding price performance throughout 2021 and its show of resilience. It not only managed a recovery that saw its value appreciate by more than 800% in the first three months of the year, but it also survived one of the most volatile crypto dips in mid-May.

SushiSwap is also popular today because of the hype around the decentralized web, especially the future of Decentralized Finance (DeFi) and the role of the likes of such decentralized exchanges as SushiSwap in speeding its adoption.

SushiSwap (SUSHI) Price History 2020 To 2022

SushiSwap exchange launched in September 2020, and according to the CoinMarketCap, SUSHI tokens ended their first day of trading selling for $1.2. The DeFi token was well received by the market, and this saw its value appreciate by more than 750% to reach $9 within its first 72 hours of trading. But as news of Chef Nomi, exit scam hit the ground, SUSHI’s price crashed, dipped below $1, and traded within this region for the rest of 2020.

It only started rallying again in January 2021 after Nomi returned all of the cash he had taken off the SushiSwap network but mostly fueled by the crypto market rally that was taking shape at the time. Its value gain picked pace, and on 13th March, it peaked at $23.38, more than 1900% above its listing price. It traded at the peak price level for 2 months before crashing and losing more than 70% of this value after the mid-May price crash.

Six months later, SushiSwap was yet to fully recover, and the closest it has come to getting back to price recovery was hitting $15 during the September mini-rally. But it has proved to be highly resilient because it was able to shake off the market crash and maintain an overall positive ROI. However, the December market drop didn't spare SUSHI's value and is currently trading around the $5 mark.

Will SushiSwap (SUSHI) Reach $100 In 2022?

The majority of crypto analysts and investors are confident that SushiSwap will be worth way more in 2022, but no one believes it has what it take to reach $100 soon. Having analyzed the prevailing crypto market conditions and the rather slow uptake of DEX and DeFi services, crypto analysts do not believe that SUSHI has what it takes to grow its value by the 2100% required to get to $100 in the next 12 months.

At best, the most optimistic analysts can only see SUSHI prices rising above its current all-time high and settling around $40 by the end of the year.

Technical analysts at CryptocurrencyPricePrediction are also confident that SushiSwap will have a rather swift recovery. They expect it to push a moderate uptrend throughout the year and have the altcoin selling for around $22.48 by December.

Another optimistic SushiSwap prediction for SushiSwap’s price performance in 2022 is provided by technical analysts at Gov. Capital. Their analysis of the altcoin indicates that SUSHI will be selling above $10.5 by the end of the year.

Now that you understand that SushiSwap is a relatively goo long-term buy, it is time to learn of the best place to buy the DeFi token.

Check Out: SushiSwap Price Predictions

How To Easily Buy SushiSwap (SUSHI) On eToro

We recommend eToro because not just because of its ease of use but also because of its beginner friendliness and the relatedly low deposit and trade limit requirements. Not to mention that the online brokerage is easily accessible and maintains one of the most straightforward onboarding processes.

Here is the step-by-step on how to buy SushiSwap on eToro in 2022:

Step 1: Start by creating an exchange account.

Step 2: Once the account is approved, deposit funds.

Step 3: Navigate to the ‘DISCOVERY’ section of the user dashboard, choose ‘CRYPTO’ and on the supported list of coins, select to buy SushiSwap.

Step 4: Click on the BUY option, and on the pop-up window, customize the trade by setting the amount of SUSHI you wish to buy. The minimum trade amount on eToro is $10.

Step 5: Confirm that the trade amount is correct and click on “Open Trade” to complete the purchase.

That’s it. You now own SUSHI tokens, and they will be deposited into your eToro account wallet in a few minutes.

You can proceed to move them to you are free eToro mobile wallet app for outbound transfer to other third-party wallets or exchanges.

Conclusion: Is SushiSwap (SUSHI) A Good Buy?

Yes, a closer analysis of SushiSwap’s recent price action and a deep look into how both in-network developments and the state of the larger crypto market suggest that the value of SUSHI tokens will continue rising, which makes the DeFi token a good buy.

The majority of technical analysts are also confident the DeFi token prices will sustain the current positive uptrend for the next few years with the possibility of breaking above current ATH in the next 2 years and reaching $100 in the next 10 years.