Why Is SushiSwap (SUSHI) So Cheap?

Last Updated February 7th 2022

7 Min Read

Can we expect SUSHI token prices to bounce back any time soon, and what will SushiSwap be worth in the next few years?

Well, crypto experts attribute SushiSwap’s incredibly low prices to a host of factors, key among them being the fact that it is a relatively new DeFi token and the rather slow pace with which blockchain technology has been embraced across the globe. Though it has maintained a positive uptrend and proved to be rather resilient, especially after the devastating price crash that hit the crypto market at the end of 2021, SUSHI is still trading below $5 - which leads most crypto analysts and investors to conclude that SUSHI is selling for cheap.

We must, however, mention that the low price doesn’t necessarily mean low value, on the contrary, SushiSwap is a considerably valuable crypto asset with a current live market cap of $608 million and has already secured itself a place among the top 120 most valuable cryptocurrencies.

It also has a higher per-token valuation than some top 10 crypto assets like Cardano, whose tokens sell for $1.19 but has a market cap exceeding $40 Billion. This then tells you that it could only be cheap because it has a relatively low maximum token supply - 250 million SUSHI tokens against Cardano’s total supply of 45 Billion ADA tokens.

But will the SushiSwap token bounce back to earlier price heights, and is the DeFi token even worth buying? Even more importantly, should you buy SUSHI while it is still cheap?

We will be answering all these questions and telling you everything you need to know before buying SushiSwap’s at its current value.

First, though, we take a look at SUSHI’s past price performance and what it says about the altcoin’s future price action.

SushiSwap (SUSHI) Price History 2020 To 2022

SushiSwap launched in September 2020 and, according to CoinMarketCap, ended its first day of trading selling for $1.2. Both the SushiSwap DEX and SUSHI token were quickly taken up by the community, seeing that the DEX had more than $150 million in crypto assets locked 24 hours after launching, and the token’s value shot up by more than 750% in the first 72 hours of active trading to reach $9.

But this uptrend quickly overturned, and SUSHI’s value fell below the introductory price, trading below $1 for the better part of the last quarter of 2020. It stormed into 2021, selling for $2.9, and it was not until the last week of January that its price started rallying again - catalyzed by the crypto market-wide rally that was taking place at the time.

It would go on to set the current all-time high of $23.38 on 13th March 2021 and traded around this peak price until mid-May, when the market crashed.

Six months later, SUSHI attempted multiple recoveries but couldn’t get back to its early 2021 highs. On the upside, though, it has maintained an overall positive uptrend and proved its resilience by surviving what most analysts considered the most volatile crypto market crash.

Check Out: Is SushiSwap (SUSHI) Expected To Reach $100 Or More In The Next 5 Years?

Why Is SushiSwap (SUSHI) So Cheap?

SushiSwap is a decentralized exchange that draws its uniqueness from the fact that it uses the Automated Market Maker (AMM) liquidity model. The SushiSwap DEX and network creator are pseudonymously referred to as Chef Nomi, but it is currently headed by Sam Bankman-Fried, who doubles up as the CEO for FTX derivatives exchange.

According to DeFiPulse, SushiSwap is the 10th most popular DeFi project with more than $1.9 Billion in Total Value Locked (TVL) and the 3rd largest decentralized exchange.

SUSHI, on the other hand, is the utility and governance token or the SushiSwap network.

Should I Buy SushiSwap (SUSHI) While It Is Still Cheap?

The decision to invest in SushiSwap, or any other cryptocurrency, should be informed by more than an altcoin’s current price. But having looked at its future prospects and that of the crypto industry, crypto analysts and investors are convinced that now is a good time to buy SUSHI because its value is bound to rise to hit inconceivable heights over the next few years.

Technical analysts at Gov. Capital, for instance, are confident that SUSHI will reclaim a positive uptrend end the year trading at $10.50. Within the next 5 years, these analysts expect SUSHI’s value to have appreciated by more than 5600% to top $255.26.

The sentiments about a perpetually rising SushiSwap token value is shared by crypto pundits at Captain Altcoin. These argue that SUSHI’s rice will rise moderately over the next few years to hit a per token valuation of $77 by the turn of the decade - which makes it a valuable addition to your crypto portfolio today.

At CryptocurrencyPricePrediction, technical analysts are convinced that SushiSwap token prices will rise steadily for the next few years. Their analysis suggests that token prices will rise steadily to break above the current all-time high in September 2023 before gathering pace and reaching $279 by December 2030.

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

Is SushiSwap (SUSHI) Worth Buying?

Yes, the majority of crypto experts and investors are convinced that SushiSwap is a viable long-term investment. Trader sentiments are also hugely bullish on SushiSwap’s future, further affirming the belief that SUSHI is a good buy.

One of the primary reasons why the crypto community believes that SushiSwap is worth buying is because of its resilience. Even after its price crashed after Chef Nomi’s rug pull in late 2020 and after the mid-2021 price crash, SushiSwap has always recovered - which is a testament to the value that the investment community has attached to the crypto asset.

Additionally, they believe SUSHI is worth buying because it has sustained an uptrend. Having been around for 17 months, SUSHI has an overall positive ROI, and analysis suggests that its value will start rising for the next few years.

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Will SushiSwap (SUSHI) Bounce Back?

Yes, the DeFi ecosystem in which SushiSwap operates is growing fast, and the crypto market is on its path to recovery - and these factors are expected to fuel Sushi’s recovery. The majority of crypto experts and investors are confident that SushiSwap token prices will bounce back and rise above their current all-time high in the next few months and proceed to break above $100 by the turn of the decade.

Crypto analysts at CoinQuora, for instance, are convinced that SushiSwap has everything it takes to rise above its current all-time high before December 2022 and to break above $100 in the next 5 years. They believe that SUHSI will reach $40 in the next 12 months and will most likely sell for $250 before 2025.

Even crypto analysts at Cryptonewsz, who have rather conservative views about SushiSwap’s future price performance, agree that SUSHI prices will bounce back. These are confident that SushiSwap can break above the current ATH before December 2022 and grow its current value by close to 700% to reach $50 by 2025.

Conclusion: Why Is SushiSwap (SUSHI) So Cheap?

There is a myriad of factors that make SushiSwap token prices cheap today. These include the fact that it is relatively new, having been around for slightly over a year, the fact that it is operating in a hugely unstable market environment, and because the adoption of both blockchain and DeFi technologies has been slow.

The upside to this is that SushiSwap has proved to be a rather resilient crypto asset, and the great crypto community is convinced that its value will continue rising for the next few years. The optimists are confident that SUSHI can rise above its current ATH before December 2022 and that it can rise above $100 by the turn of the decade, which makes it a good long-term buy.