Sushiswap Price Prediction: Will SushiSwap Rise In Value?

Last Updated February 7th 2022
15 Min Read

Although decentralized exchanges are becoming more common, their security still leaves a lot to be desired. What's more is that decentralized exchanges often have problems with liquidity for users looking to sell, which makes it difficult to cash out their assets.

SushiSwap DEX aims to solve this issue by offering a simple user experience and a single pool of assets that are always liquid. What this means is that users can lock up their assets and trade them for any other asset on the exchange without having to worry about liquidity.

In return, users earn a reward for locking up their assets, effectively making the SushiSwap DEX a yield-based exchange. This yield rewards to both traders and liquidity providers, encouraging both parties to use the platform, thereby solving the liquidity problem that plagues most crypto exchanges.

But what exactly is SushiSwap, and how is it different from other decentralized exchanges like Uniswap? 

In this guide, we will help you understand what SushiSwap is trying to do differently, why it matters and whether it is a good investment for you. But even more importantly, we will focus on some of the recent price predictions concerning the future of the SUSHI coin in order to help you make a better-informed investment decision. 

Let’s dive right in. 



What Is Sushiswap?

Sushiswap is a decentralized exchange built on the Ethereum network. It allows users to trade a variety of assets without having to worry about liquidity. In return, users earn rewards for locking up their assets on the exchange.

The idea of Sushiswap is that they provide real liquidity to decentralized exchanges. Since decentralized exchanges are not very user friendly or even popular, they don't attract many users. By incentivizing users with a yield, they increase the number of traders, therefore increasing liquidity and making the exchange more attractive to use.

Unlike centralized crypto exchanges like Coinbase, Sushiswap is what is known as an Automated Market Maker (AMM). This means that there is no central authority that sets the prices for assets. Instead, the prices are set by the market and liquidity is provided by users.

One of the most interesting aspects of Sushiswap is yield farming. This is a process where users provide liquidity to the exchange in return for a reward. This reward comes in the form of SushiSwap tokens (SUSHI), which can be used to pay fees or traded on other exchanges.

SUSHI is also used for governance purposes on the SushiSwap DEX. This means that holders of SUSHI can vote on proposals, such as whether or not to add a new asset to the exchange.

The DEX was created in 2020 by an individual known as Chef Nomi. There is, however, not much known about its team.

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SushiSwap Price History 

Having been launched only in September 2020, SUSHI is still fairly new in the market and doesn’t have that much historical price data under its name. According to CoinMarketCap, the coin began trading at the beginning of September 2020, and its earliest known price is around $1.2. 

However, SUSHI’s price jumped on the first day of trading and went as high as $8.9. This price hike was motivated by the ICO buzz, which means that it would not have survived for long. 

In fact, the price couldn’t stay above $9 for more than two days. By mid-September, SUSHI had slumped to as low as $2, and by early November, it bottomed out at $0.6. 

Fortunately, SUSHI gained new momentum in December 2020 and began rising again. When 2020 came to an end, the token had gone back above $2. 

Around this time, SushiSwap began gaining recognition not only in the crypto community but also in mainstream media. As a result, the price began rising further, and by the end of the first month of 2021, it has crossed $10. 

There were several big jumps followed by equally steep dips. For instance, between 1st and 5th February 2021, SUSHI rose from about $10.97 to $12.89 representing a 20% gain in just four days. 

This spike was followed by a series of price swings, and then on March 13th 2021, SUSHI attained its current all-time high price of $23.28. Understandably, the price went on a gradual downtrend that ended at as low as $10.64 on April 24th, 2021.   

From there, it fluctuated and then began rising again to hit $21.44 around Mid-May. However, this spike was largely inspired by social media hype, and as soon as the hype died, SUSHI’s price dropped to $8.8 a few days later. Towards the end of June, the price dropped further to as low as $6.7. 

There were a few fluctuations, but soon the price began rising again, and towards the end of August, it had crossed $14. It fell back to lower than $10 in early August, and then by mid-September, it had gone above $15. 

The price of SUSHI fell again to just above $9 a few days later, then struggled to rise before finally managing $13 per coin in early November. However, this is the highest SUSHI has been for a while. 

The coin has mostly been slumping recently, and at the time of writing, it was trading at around $4.78 per coin with a low market cap of $608 million. This makes it the 116th biggest cryptocurrency by market cap. 

The recent downtrend is believed to be due to negative market-wide sentiment and not an isolated case. So, there is a chance that the price of SUSHI might rejuvenate in case of a bull market. 

Let’s wait and see. 

But for now, let’s look at some of the price predictions by experts just to get an idea of how the coin’s price might move in the next five years. 

SUSHI Price Predictions For 2022 And 2023

The SUSHI price is currently sitting at $4.78, which makes it a coin that could do quite well in the next few years. In 2018 alone, the market capitalization of all cryptocurrencies grew from $6 billion to nearly $400 billion, and there's no reason to believe this will not happen again.

In fact, Bitcoin has gone from a market cap of $6 billion in 2017 to as high as $2 trillion in November 2021. So, it is very likely that SUSHI can adopt a steep uptrend and grow parabolically in the next few years. 

The current supply of SushiSwap tokens sits at 250 million, which presents an alluring opportunity for the price to grow and outcompete some of its competitors like Uniswap. 

As a result, the market cap might increase significantly in 2022 and 2023, making it one of the most sought after cryptocurrency projects.

There are several positive predictions concerning the price of SUSHI in future. There are also some conservative and bearish projections as well. 

The most bullish prediction we have seen is from Gov Capital which predicts that between May and October 2021, SUSHI will mostly trade between $13 and $9, with plenty of fluctuation in between. 

Gov Capital predicts that SUSHI will start November at $11 but drop to $7 per coin by the end of that month. It will then kick off December at around $8 and grow quickly to close, then the year at $10.5. As you can see, Gov Capital believes that SUSHI won't be able to keep its high prices for very long during the year, but will still end 2022 with a higher than its current price.

By the end of January 2023, SUSHI's price may drop to $4 but then quickly cross $40 in mid-February. 

The uptrend will continue until March where SUSHI will go as high as $45. However, the coin might struggle going forward, with the price bouncing between $35 and $48 until the end of September.  It might then cross $50 in November and close the year at $49.25. 

Wallet Investor’s predictions are a bit drudgy. The site predicts that SUSHI will close 2022 at $13.9. There will be little volatility in between, with the price dragging upwards from month to month. 

The same trajectory reflects in Wallet Investor’s 2023 prediction. According to the site, SUSHI will start and close 2023 at $13.5 and $16.39, respectively. 

Check Out: SushiSwap Price Predictions

SUSHI Price Predictions For 2024 And 2025

Gov Capital sticks to its fairly bullish predictions in 2024 and 2025. It projects SUSHI to start 2024 at $48.14, which is slightly lower than what it trades at the end of 2023. 

The growth in the first two months will be speedy but might slow down from March. Gov Capital predicts that SUSHI might cross $80 per coin in early February and then $89 around mid-March.  

The coin might then struggle to reach $90 per coin and mostly fluctuate between $83 and $89 until the end of July before finally crossing $90 around mid-August. 

From here, the price of SUSHI will pick up speed and close the year at as high as $97.27.

2025 might then start at around $96.93 and then hit $130 by mid-February. The fast growth momentum will continue until around March where SUSHI might go to as high as $140. 

From April, the growth might be a bit slow, with the coin struggling to reach $155 until the end of August. 

The growth from there going forward will be a bit faster, and Gov Capital predicts that SUSHI will close 2025 at just above $152.16 per coin. 

Wallet Investor is still very conservative and predicts that SUSHI might start 2024 at around $16.57 and won’t get to $17 until the middle of the month. Generally, the growth throughout the year will be slow, and according to the site, the coin might be worth around $19.74 by the end of 2024. 

It will then kick off 2025 at the same price and again close that year at around $19. Although Wallet Investor is trying to remain as conservative as possible and avoid projecting any false hopes, these predictions might be a bit unrealistic. 

First of all, there is barely any volatility throughout the years, which is very unlikely for a coin like SUSHI that has proved to be very volatile in the past. 

Again, the growth may be too slow. SUSHI’s price history shows that it can grow very fast with sudden price jumps. So, while anything can happen and Wallet Investor might be right, we can also expect more flexible growth. 

Long Forecast is a bit bearish, especially in 2025, where it predicts that SUSHI might trade at as low as $6.42. 2024 is not better, as the site believes that SushiSwap might only go as high as $7.66 per coin. 

Generally, there are a lot of mixed predictions, which makes it difficult to make an estimate of how SUSHI might move in 2024 and 2025. The most important thing to know now is that the price will likely go up, and we might see even better figures than these predictions.

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

SUSHI Price Predictions For 2026 And Beyond

While it is impossible to predict the future, it's very likely that SUSHI will be trading for much more than it is today in 2026 and beyond. If the market cap of all cryptocurrencies reaches $3 trillion in 2022, as most experts are predicting, then SUSHI would be worth a lot much more by 2026. 

According to Gov Capital, 2026 might be a good year for SushiSwap, with the coin going as high as $224.78. This is after starting the year at around $150.83. 

As usual, Gov Capital’s predictions show some volatility and 2026 is no different. 

The site predicts that SUSHI will start 2026 at $150.83. It might go as high as $155 in January with some spontaneous dips and rises during the month. February might also be a bit predictable, with the price rising and falling unexpectedly. However, SUSHI might close the month at just above $153 before crossing $200 in early April. 

The price will then go as high as $202 in mid-May but might struggle to cross $211 per coin until mid-August. Despite the slow growth, there will be a lot of volatility with SUSHI adopting a mostly jagged trajectory.  

SUSHI will then achieve the $215 milestone in early October. By the end of November, the coin will be worth around $220, and then by the end of the year, it will be going at slightly over $224 per coin. 

Wallet Investor predicts a much lower price of about $26.52 by the end of 2026. Compared to Gov Capital’s predictions, this is a bit bearish, and we hope SushiSwap does much better. 

So far, the most bullish predictions are those from Gov Capital. The rest are either conservative or outright bearish. 

There aren’t that many predictions that go beyond 2026. This is understandable given how difficult it is to predict the prices of cryptocurrencies in the next five years. 

However, it is likely that the coin might go up to $300 per coin or as low as $20. 

As you can see, these predictions are not really reliable when it comes to making an investment decision. However, it would seem that investing in SUSHI in the long term is a safer bet. 

Otherwise, you will want to do your own research and figure out any possible trends before investing in the coin. 

Don't Miss: Will SushiSwap Make Me Rich In 10 Years?

Factors That Will Affect The Price Of SUSHI In The Future

There are several factors that will affect the price of SUSHI in the future. One is simply whether or not users find the platform valuable and decide to hold onto their tokens. This will cause the value to either increase or decrease depending on whether more people decide to use it.

Let's quickly go through some of these factors below.

1. The Use of SUSHI

The first factor that will affect the price of SUSHI is how it is used. Right now, SUSHI is mainly used for governance on the SushiSwap DEX and to pay fees. 

However, there is potential for it to be used for other purposes in the future. For example, it could be used to pay for goods and services on the blockchain or as a form of payment for other services. 

This would significantly help its price to grow. 

2. How SushiSwap Develops

As mentioned earlier, there is not much known about the team behind SushiSwap. However, how the DEX develops in the future will be largely dependent on its ability to execute and deliver on its promises.

 If they can continue to improve the platform and add new features, then the price of SUSHI is likely to increase.

3. Competition from Other DEXs

Sushiswap is not the first DEX to enter the market. In fact, there are a number of other DEXs that are currently competing for market share.

These include Uniswap, Waves, Balancer, PancakeSwap and Curve Finance.

How SushiSwap compares to these other DEXs will be another important factor in its success.

4. Government Regulations

If governments decide to crack down on crypto exchanges, then this could have a huge impact on SUSHI's value.

On the other hand, if they come up with cryptocurrency-friendly legislation, SUSHI would likely increase in value due to increased adoption among traders and investors.

5. The Price of Ethereum

Lastly, the price of Ethereum will also have an impact on the price of SUSHI. Ethereum is the underlying blockchain that SushiSwap is built on, and its price will likely affect the value of SUSHI.

The Future Of SushiSwap: Will The Value Of SUSHI Rise?

So far, SushiSwap has shown a lot of promise and its team seems to be dedicated to improving the platform.

How the DEX develops in the future will be largely dependent on its ability to execute and deliver on its promises. If they can continue to improve the platform and add new features, then the price of SUSHI is likely to increase.

However, it is also important to keep in mind the competition from other DEXs as well as the possibility of government regulations.

We take all of these factors into account when predicting the future value of SUSHI. At this point, it is difficult to say for certain whether or not its price will increase.

But, if the SushiSwap team is able to continue growing and improving their DEX over the next few years, it could be very well one of the dominant players in this space.

Price predictions can always be tricky since they are based on opinion rather than hard data. But we think it's fair to say that SUSHI has a lot of potential and could see some significant growth in the years to come.

Read Also: Why SushiSwap Will Skyrocket

Conclusion: Is SUSHI A Good Investment?

At this point, it is difficult to say whether or not SUSHI is a good investment.

The price could go up or down in the future, depending on a number of different factors that we discussed above.

However, if you believe in the potential of SushiSwap and are looking for a long-term investment, then it could be a good choice.

The SushiSwap community is growing, and the DEX platform has seen continuous improvement over time.

However, there are also many competing DEXs available, so it is important to do your own research before making any decisions.

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