Is SushiSwap (SUSHI) Worth Buying In 2022?

Last Updated February 7th 2022
7 Min Read

Is SushiSwap worth investing in 2022? Have you been wondering why the SUSHI token is popular and asking yourself if it is worth buying today? Use this guide to learn everything you need to know about SushiSwap before investing in the altcoin.

The majority of crypto experts and investors believe that SushiSwap is worth buying in 2022 because it has maintained an overall positive ROI. Technical and fundamental analysis of the altcoin’s future price action also indicates that SUSHI’s value will continue rising, further affirming why every long-term investor should consider adding SUSHI to their portfolio.

A section of analysts and investors are even convinced that SushiSwap will rebound and rise above its current all-time high as early as the beginning of next year.

Technical analysis by CryptocurrencyPricePrediction, for instance, indicates that SUSHI could reach $22 in December 2022 and begin next year trading above $24.

Such a move would see every SUSHI investor’s portfolio appreciate by more than 393% in the remaining of the year and by as much as 438% in the next 12 months. This is incentive enough for anyone to consider investing in the altcoin.

But is this reason enough for anyone to consider buying SushiSwap? What other reasons inform this buy decision, and are there risks to SushiSwap investing?

We answer all these below and tell you if SUSHI is worth buying in 2022.

But before we get to these, we need to ask ourselves what is SushiSwap and why it is popular today.

What Is SushiSwap (SUSHI)?

SushiSwap is a decentralized exchange that utilizes the automated market maker (AMM) system of allocating liquidity. It was created in September 2020 by a pseudonymous individual known as Chef Nomi but is currently headed by the CEO of FTX, Sam Bankman-Fried. According to CoinMarketCap, SushiSwap is the 10th most popular DEX, and 0.53% of all DEX transactions take place on the platform. DeFi pulse also ranked SushiSwap as the 10th largest DeFi project with as much as $1.9 Billion in total value locked. 

It, however, is perhaps best known for two reasons; First is the fact that SushiSwap is a fork of the all-popular and the number 1 DEX - Uniswap. Second has to be the controversy surrounding its founder, Chef Nomi, who liquidated all his SUHI token holdings a few days after the DeFi project launch - approximately $14 million.

This created an uproar in the crypto community as the pseudonymous creator was accused of running an exit scam. Though he returned all the coins and apologized for this, he was still forced to surrender control over the platform for Fried.

SUSHI is the native utility and governance token for the SushiSwap decentralized exchange.

Don't Miss: Could SushiSwap Be A Millionaire-Maker Coin?

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Is SushiSwap (SUSHI) So Popular Right Now?

SushiSwap has been around for 17 months now. Yet, it continues to attract media attention and be at the centre of different crypto debates on such social media networks like Reddit and Twitter and is a topic of interest among crypto YouTubers who are keen on tracking its progress and forecasting its future performance. 

So, what makes SushiSwap this popular?

Uses the AMM model: SushiSwap is popular because it is one of the few DEXs that utilize the highly innovative automated market maker (AMM) liquidity model. This implies that instead of using the traditional order-book system when fulfilling buy/sell orders, SushiSwap connects traders to liquidity pools. This liquidity model was proposed by Vitalik Buterin, the Ethereum co-founder, and was first put to use by Uniswap.

Inspiring past price action: In the 17 months that SUSHI has been around, it has maintained an uptrend and currently has an overall positive ROI and at its peak in March 2021, it was trading 19X above its introductory price. It, therefore, is popular because it has not only maintained an uptrend but also because it has proven to be a highly resilient crypto investment, gauging with the speed with which it rebounded from the mid-2021 crypto market crash, which gives investors hope it'll recover soon after the December crash.

Appeals to speculative investors: SushiSwap is also popular today because it is expected to perform exemplarily well in the future. Some analysts are confident that its value and that of your investment could rise by more than 5000% in the next 5 years, which has created a lot of investor interest around the altcoin.

Read more: Is It Worth Investing In SushiSwap? 

Should I Buy SushiSwap (SUSHI)?

The decision to buy or not to buy SushiSwap tokens should be informed by more than just our views on this guide or investor/analyst opinions online. It should be informed by your understanding of the coin and how well it aligns with your investment goals.

That said, we must acknowledge that SushiSwap has, through its attractive price action throughout 2020 and its resilience, provided investors with more than one reason to buy SUSHI tokens. Crypto forecasters are confident that SUSHI token prices will continue rising, which adds to the reasons why every long-term focused investor should consider buying SushiSwap in 2022.

Crypto experts at CoinQuora, for instance, are convinced that SUSHI will have broken above $250 by December 2025. This would mean a 55X growth on your investment in less than 4 years, which is more than is expected of some leading cryptocurrencies.

Technical analysts at PricePrediction.Net are also confident that SushiSwap token prices will continue rising in the foreseeable future. They expect the token prices to rise moderately and reach as high as $187 before the decade, which means a 40X value gain for current investors.

Simply put, virtually all the technical and fundamental analysts that we have interacted with when coming up with this SushiSwap investment guide believe that SUSHI token prices will continue rising. This is a solid reason for every long-term crypto investor to buy the altcoin today.

So, Is SushiSwap (SUSHI) Worth Buying In 2022?

Yes, SushiSwap is worth buying in 2022 because its value is expected to rise throughout the year and beyond. We might also add that the adoption and global embrace of the crypto industry and the DeFi ecosystem in which SushiSwap operates are expected to continue growing in a move that will popularize SushiSwap and add value to its token prices.

SushiSwap is also worth buying in 2022 because a number of forecasters have indicated the altcoin will most likely rebound and rise above its current all-time high before the end of 2022.

Technical analysts at Gov. Capital, for example, expect SushiSwap to have recovered by the end of the year. By December, their report indicates that SUSHI’s value and every investor’s portfolio will have increased by 125% as its price rises above $10.

Read Also: SushiSwap Price Predictions

Why You Should Buy SushiSwap (SUSHI)?

  • It is a resilient investment: SushiSwap has already proved to be a highly resilient investment. Its fast recovery from the massive crypto crash in May 2021 and the many small dips in the last half of the year have shown us that it will survive even the most volatile crypto crash, meaning it'll soon rebound from the one at the end of 2021.
  • Potential for massive growth: Every price prediction metric - from technical to fundamental and even market sentiment analysis - indicates that SUSHI token prices will continue rising. The most optimistic are confident that SUSHI can grow its current value by more than 50X to rise above $300 within the next 5 years.
  • Backed by innovative technology: You may also consider investing in SUSHI because it has the backing of one of the most innovative technologies in the DeFi ecosystem. As DEX goes mainstream, experts believe that users will prioritize platforms that use the AMM liquidity model, which has the net effect of boosting SUSHI token prices.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Risks Associated With SushiSwap (SUSHI) Investments

  • It is highly volatile: SushiSwap, like all other cryptocurrencies, is a massively volatile investment. It is not uncommon for it to lose a double-digit percentage value in a day. Additionally, its price action is massively influenced by the equally volatile and unpredictable performance of the larger crypto market.  
  • Exposed to crypto risks: SushiSwap is not immune to the risks facing the larger crypto industry. These include the fast-growing risk of hacking and DeFi niche scams like pump and dump schemes and rug pull scams.

Conclusion: Is SushiSwap (SUSHI) Worth Buying?

Well, yes. Despite the recent crypto market crash that tanked SUSHI token prices and curbed further uptrend, the majority of crypto experts and investors are confident the altcoin will rebound and set aim for higher price levels. They are confident that SUSHI has everything it needs to grow its value by more than 5000% in the next 5 to 10 years and that it is resilient enough to survive future market crashes.

But before buying your first SUSHI token or stacking your SushiSwap portfolio, consider doing your own research and engaging an investment professional.

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Read More:

Is SushiSwap A Good Investment?

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