SushiSwap Price Prediction

Will SushiSwap go up or crash? Read our SushiSwap price predictions for 2023-2030

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Last Updated May 2nd 2023
12 Min Read

How much will SushiSwap be worth in 2023 and beyond? Should I invest in SushiSwap? If these questions are on your mind, you’ve come to the right place.

As a decentralised exchange (DEX) and part of the DeFi (decentralised finance) scene, it’s no wonder SushiSwap did exceptionally well in 2021. According to DeFillama, SushiSwap is the 18th-largest DeFi project and sixth-largest DEX with $416 million locked on the platform.

SUSHI Overview

Cryptocurrency SushiSwap
Ticker Symbol SUSHI
Rank 254
Price $0.999228194378011
Price Change 24h 3.72%
Price Change 7d -16.62%
Market cap $260,961,428.31
Circulating Supply 261,162,995.374
Trading Volume $27,570,245.65

 

According to recent long-term forecasts, the price of SushiSwap could reach $2 by the end of 2023 and $4 by the end of 2025. SushiSwap will be worth $7.91 in 2028, and $18.4 in 2030.

So, what’s next for the price of SushiSwap? Will it appreciate in 2023 and reach new ATHs? Or is SUSHI destined to fail? Let’s see what this digital asset could achieve in 2023 and beyond.

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What Is SushiSwap And How Does It Work?

In August 2020, SushiSwap (SUSHI) split from Uniswap (UNI), the largest DEX to improve upon what UNI offers by adding new features and offering a better experience. Specifically, they want to increase the rewards for liquidity providers and aim to give participants a greater role in how the platform operates.

SushiSwap Price Prediction

The SushiSwap exchange operates as an automated market maker (AMM), a type of DEX that uses smart contracts to create new markets for different crypto pairs to trade. Users who provide the platform with liquidity receive SUSHI tokens in return which entitles them to participate in the governance of SushiSwap.

SushiSwap is based on the Ethereum (ETH) network as an ERC-20 token. It has a maximum supply of 250,000,000 SUSHI tokens, of which 222,257,372 are already in circulation (89%).

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Historical SushiSwap (SUSHI) Price Movements

In its short existence, the price of SushiSwap has performed exceptionally well as you can see in the graph below from CoinMarketCap.

When CoinMarketCap first started tracking the price of SushiSwap it was worth approximately $1.1864 on the 29th of August 2020, and within a day it multiplied eight-fold to reach $8.917 before quickly declining to $1.90. By October 2020, the price of SUSHI had decreased significantly, sinking below its initial price of $1.1864 to $0.6386 on the 6th and the asset entered a new period where it stagnated at new lows, eventually hitting its all-time low (ATL) of $0.4737 on the 4th of November 2020.

It wasn’t until the 11th of December 2020 that the price of SushiSwap would start to turn around and for the first time since its launch began to appreciate again. SushiSwap closed 2020 at $2.8629. While it still hadn’t reached its ATH, it was trading at a significantly higher price than when it launched and appeared to be trending upwards.

Indeed, it was. In 2021, SushiSwap continued to rise, smashing its old ATH by the end of January and continuing upwards to $16 by the 4th of February. After a period of volatility, SushiSwap hit its current ATH of $23.38 on the 13th of March 2021. Prices then started to slip, eventually hitting $10.40 on the 26th of April, but quickly after this, they bounced back in an attempt to retest its ATH and reached $21.73 on the 19th of May.

From that point onwards, it looked like SushiSwap’s wild ride was over as the crypto market crashed and SUSHI tumbled down to $7.276 on the 23rd of May. Though prices did try to make a recovery, SUSHI was destined to enter a ranging period from mid-June to mid-August 2021 where it was stuck between highs of around $9 and lows of $6.

By the end of August 2021, it was clear that SushiSwap was on the rise again and the asset entered a new period of higher lows. SushiSwap closed the year at $9.25.

SUSHI started 2022 at $9.44. In the end of January, the coin's price took on a bearish trajectory. In the second half of 2022, SUSHI was trading between $0.9 and $2. SushiSwap closed the year at $0.92.

SushiSwap Price Chart

SUSHI price chart

SUSHI/USD price chart. Source: Coinmarketcap

What Factors Affect The Price Of SushiSwap?

Price predictions can be notoriously incorrect because they’re based on historical data and base their forecasts on previous price patterns. They cannot inform investors when crucial factors will come into play and pull the price of an asset up or drag it back down.

By understanding the factors that impact the price of SushiSwap, you can reduce your exposure to risk and take profits at the best possible moments.

1. The Popularity Of The SushiSwap DEX

As mentioned earlier, SushiSwap is the third-largest DEX, second to Uniswap and Curve (CRV). It is widely assumed that DEXs could be the future in how we trade (not only crypto but other assets too) as they cut out the middleman and enable token holders to gain passive income by staking their tokens and providing liquidity. Some have even suggested that centralised exchanges, such as Binance and Coinbase, may one day become defunct as DEXs increase in popularity.

SushiSwap could be perfectly positioned to benefit from the future rise of DEXs which could increase demand for the SUSHI token. Furthermore, arguably SushiSwap offers better benefits to retail traders than Uniswap which could enable them to overtake their platform in terms of users and total locked value which could also generate further interest.

2. The Growing DeFi Sector

2020 and 2021 saw the huge demand for DeFi services balloon to gargantuan proportions and bring a variety of DeFi coins to the centre of almost any discussion about cryptocurrency. What started as a movement led in most part by retail traders has caught the attention of many institutional investors who are now willing to bet big money on DeFi protocols. So much so that SushiSwap has even been added to the Grayscale® DeFi Fund and currently accounts for 7.18% of the portfolio.

As institutional money gets funnelled into DeFi protocols, such as SushiSwap, it could rise significantly as it generates further interest among traders and demand increases.

Expert’s Take On SushiSwap Price Predictions

Let’s take a quick look at the latest SushiSwap price predictions across the web. 

According to the current market situation, the price could be a maximum of $3.67 by 2025, and minimum price down to $3.28. That being said, the average SUSHI price could anchor at $3.42.

DigitalCoinPrice

SushiSwap price might cross $5.2 as per the Sushi prediction 2028. The price of SushiSwap is projected to reach a minimum level of $4.8. Moreover, the SUSHI price may hit the maximum price level of $5.7.

CryptoNewsz

The forecasted Sushi price at the end of 2023 is $1.80 - and the year to year change +96%. Sushi will start 2025 at $2.02, then soar to $2.31 within the first six months of the year and finish 2025 at $2.42.

Coin Price Forecast

According to our deep technical analysis on past price data of SUSHI, In 2023 the price of SushiSwap is forecasted to be at around a minimum value of $1.53. The SushiSwap price value can reach a maximum of $1.81 with the average trading value of $1.58 in USD.

Price Prediction

The system forecasts a +39% move from $1.12 to $1.56 over the next month, Sushi has a price prediction of $3.41 in over a years time.

Coinskid

The price of SushiSwap is predicted to reach at a minimum level of $2.67 in 2025. The SushiSwap price can reach a maximum level of $3.24 with the average price of $2.77 throughout 2025.

ICOcreed

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SushiSwap (SUSHI) Price Prediction: 2023 - 2030

SushiSwap has a lot of potential as either a short-term investment (one year) or a long-term investment (five to 10 years). Here are our SushiSwap price predictions for 2023 to 2030.

SushiSwap Price Prediction

SushiSwap price predictions 2023

The price of SushiSwap is predicted to reach a maximum level of $2 by the end of 2023. The SushiSwap price can reach a minimum level of $1.1 in 2023.

SushiSwap price predictions 2024

As per experts, the price prediction of SushiSwap might continue the gradual upward trend. And as per our data, the predicted high for 2024 might be $2.8, and on the downside, the low might be around $1.9.

SushiSwap price predictions 2025

As per SushiSwap price predictions for 2025, the price of SUSHI might reach a high of around $4, and on the downside, the low might be around $2.44.

SushiSwap price predictions 2026

As per SushiSwap price predictions 2026, the predicted high for 2026 might be around $5.10, and on the downside, the low might range from $3.7 to $10.44.

SushiSwap price predictions 2027

As per our SushiSwap price prediction 2027, the token might be able to touch the $6.4 price mark on the upside, while on the downside, it might fall to $5.2.

SushiSwap price predictions 2028

The price of SushiSwap is predicted to reach a maximum level of $7.91 by the end of 2028. The SushiSwap price can reach a minimum level of $6.35 in 2028.

SushiSwap price predictions 2029

As per experts, the price prediction of SushiSwap might continue the gradual upward trend. And as per our data, by the end of 2029, it would be able to cross the $10 mark. The predicted high for 2029 might be $12, and on the downside, the low might be around $8.49.

SushiSwap price predictions 2030

The top price predictions for SushiSwap in 2030 foresee a push to $18.4 could be possible. The lowest SushiSwap price prediction for 2030 is around $12.35.

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Potential Highs And Lows Of SushiSwap (SUSHI)

The below prediction figures outline some of the potential highs and lows of SushiSwap price prediction forecasts for 2023, 2024, 2025, 2028, and 2030 offered by technical analysts and industry experts.

Year High Low
2023 $2 $1.1
2024 $2.8 $1.9
2025 $4 $2.44
2028 $7.91 $6.35
2030 $18.4 $12.35

 

Would you consider buying SushiSwap?

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

How To Buy SushiSwap With eToro?

SushiSwap Price forecast

You can invest in SushiSwap (SUSHI) with ease when you sign up and start trading with eToro. Here’s how:

Step 1. Head over to eToro’s website, click ‘Join Now’, and fill out the registration form. Note that you will need to upload proof of ID and address - this is to prevent fraud and to comply with anti-money laundering laws.

Step 2. Make your first-time deposit which will likely be either $50 or $200 based on your location. Note that in several countries, the first-time deposit will be significantly higher, so please check before you sign up!

Step 3. Once your account has been activated, on eToro’s platform go to ‘Trade Markets’ → ‘Crypto’ → ‘SUSHI SushiSwap’ and choose your terms.

And that’s it! You’re now invested in the crypto market!

Key Points

If you remember anything from SushiSwap Price Predictions: How Much Will SUSHI Be Worth In 2023 And Beyond? Make it these key points.

  • SushiSwap (SUSHI) is a decentralised exchange (DEX) based on the Ethereum blockchain — a fork of Uniswap (UNI), it plans to offer a better selection of services and benefits to its users.
  • On the 13th of March 2021, SushiSwap hit its ATH of $23.38.
  • SushiSwap could reach a high of $2 in 2023.
  • By 2025, SUSHI could reach $4.
  • By 2030, SushiSwap could have a maximum price of $18.4
  • The popularity of the SushiSwap DEX and the growth of the DeFi sector are both factors that influence the price of SushiSwap.

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Other Crypto Price Predictions

FAQs SushiSwap Price Prediction

Is SushiSwap Real?

Despite its silly-sounding name, SushiSwap is indeed real and is the third-largest decentralised exchange after splitting from Uniswap in August 2020.

What Will Happen To The Price Of SushiSwap In 2023?

The price of SushiSwap will likely increase from its current price to reach $2. Most likely, SushiSwap will be worth between $1 and $2.5 for much of 2023.

Will The Price Of SushiSwap Go Up In 2023?

According to most of the experts, SushiSwap will go up in 2023. The most bullish prediction comes from Cryptocurrency Price Prediction, which expects SUSHI to reach a high of $3.6 in 2023.

What Will Happen To The Price Of SushiSwap In 2025?

By 2025, the price of SushiSwap could be worth between $2.44 and $4 per coin.

Will The Price Of SushiSwap Go Up In 2025?

It is widely believed that the price of SushiSwap will go up in 2025 and it could even reach a high of $4.08, according to DigitalCoinPrice.

Is SushiSwap Better Than Uniswap?

SushiSwap (SUSHI) is a fork of Uniswap (UNI) so on many levels, they are very similar. The primary difference is that SushiSwap is more open to retail users while Uniswap is more for insiders — you could say that SushiSwap is more decentralised in that sense. SushiSwap is also more open to giving out its governance token SUSHI and offers users yield farming and other benefits. According to DeFi Pulse, Uniswap is the second-largest DEX while SushiSwap is the third-largest with slightly less than half the value locked on its platform. Only time will tell which is the better platform and investment as both platforms are still very young.

How Much Will SushiSwap Be Worth In 2030?

In 2030, SushiSwap could be worth between $34.27 and $44.95, according to forecasts from Price Prediction and Cryptocurrency Price Prediction.

How High Can SushiSwap Go?

The highest price prediction for SushiSwap is $54.58, which it could reach by 2032, according to Price Prediction.

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