Bittime - Sushiswap (SUSHI) is one of the leading DeFi platforms that continues to attract attention. This article will examine SushiSwap, its SUSHI token, and its future price predictions through 2035.
Launched in mid-2020 by Chef Nomi, SushiSwap quickly became a popular Uniswap alternative. The platform offers a variety of decentralized finance (DeFi) services such as token swaps, staking, and yield farming.
What is Sushiswap (SUSHI)?
SushiSwap is an automated decentralized exchange (DEX) that allows users to trade crypto tokens without a centralized intermediary. DEX operates on a blockchain network, ensuring transparency and security of transactions.
Users can trade a variety of crypto assets on SushiSwap, including ERC-20 tokens and other wrapped tokens.
Apart from trading, SushiSwap offers various other DeFi features. Users can use SUSHI to participate in staking.
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This allows them to earn rewards by locking their tokens for a certain period of time. SushiSwap also offers yield farming, where users can lend their crypto assets to earn interest.
How Does SushiSwap Work?
SushiSwap functions as a crypto asset trading platform on the Ethereum network. This crypto marketplace uses an automated market maker (AMM) model.
This platform uses smart contracts to allow traders to carry out crypto asset transactions without the need for intermediaries. SushiSwap operates with an automated liquidity protocol that allows users to deposit their crypto assets as liquidity in pools.
This pool is then used to execute trades, allowing traders to transact at current market prices. SUSHI is SushiSwap's native crypto asset, and this token rewards users for their contributions to the operation of the protocol.
What is SUSHI Token?
SUSHI token is the native crypto asset of the SushiSwap platform. SUSHI is an ERC-20 token and is used as a reward for liquidity providers on the platform.
Users earn SUSHI tokens by offering their funds to various trading pairs on the DEX. Rewards in the form of SUSHI tokens depend on the amount and duration of liquidity provided.
Additionally, SUSHI token holders can participate in the governance of the SushiSwap protocol, allowing them to propose changes to the protocol and vote on important decisions regarding the platform.
SUSHI tokens can be traded on various crypto asset exchanges and can be stored in any Ethereum compatible wallet.
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SUSHI Price Prediction
Predicting crypto asset prices is always challenging due to their volatile nature. However, by analyzing historical trends, recent developments, and market sentiment, we can get a rough idea of the potential future price movements of SUSHI.
Current Sushi Prices (24 May 2024)
Source: Bittime
At the time of writing, SUSHI's price is around $1.19 (Rp. 19,082) with a market capitalization of $294.15 million (Rp. 4.7 trillion) and 24-hour trading volume of $79 million (Rp. 1.26 trillion).
Also read: Wormhole (W) Price Prediction 2024-2040: Will W Break $5 This Year?
Short Term SUSHI Price Prediction (2024)
Crypto analysts predict that after the recent correction period, SUSHI prices will start to recover in mid-2024. Some analysts predict SUSHI prices could reach the range of $1.78 to $2.05 (Rp. 28,480 - Rp. 32,800) in July 2024.
This increase may be driven by increased trading activity on the SushiSwap platform and more positive market sentiment towards crypto assets in general.
Long Term SUSHI Price Prediction (2025-2035)
In the long term, experts believe that SUSHI has significant growth potential. Factors that could drive SUSHI price increases include wider adoption of DeFi, strategic partnerships with other platforms, and increased utility of the SUSHI token within the SushiSwap ecosystem.
According to analyst estimates, SUSHI prices could reach a range of $4.39 to $6.58 (Rp. 70,240 - Rp. 105,280) in 2025 and $9.26 to $13.89 (Rp. 148,160 - Rp. 222,240) in 2026.
More ambitious long-term predictions show that SUSHI has the potential to reach a price of $230 (Rp. 3,680,000) in 2030 and even exceed $9,600 (Rp. 153,600,000) in 2035.
However, it should be noted that these long-term predictions are speculative and based on certain assumptions about the future of crypto adoption and regulation.
Sushiswap (SUSHI) Price Prediction 2024-2035
| Year | Average price | Lowest Price | Highest Price |
| 2025 | $5.48 (Rp 87,680) | $4.39 (Rp 70,240) | $6.58 (Rp 105,280) |
| 2026 | $11.58 (Rp 184,640) | $9.26 (Rp 148,160) | $13.89 (Rp 222,240) |
| 2027 | $24.45 (Rp 389,600) | $19.56 (Rp 312,960) | $29.34 (Rp. 469,440) |
| 2028 | $51.62 (Rp 825,920) | $41.29 (Rp 660,640) | $61.94 (Rp 995,840) |
| 2029 | $108.99 (Rp 1,743,840) | $87.19 (Rp 1,397,440) | $130.78 (Rp 2,112,240) |
| 2030 | $230.12 (Rp. 3,681,920) | $184.10 (Rp. 2,945,600) | $276.14 (Rp. 4,417,280) |
| 2031 | $485.88 (Rp. 7,774,240) | $388.71 (Rp. 6,219,360) | $583.06 (Rp. 9,331,200) |
| 2032 | $1025.91 (Rp. 16,414,560) | $820.73 (Rp. 13,131,680) | $1231.10 (Rp. 19,700,160) |
| 2033 | $2166.16 (Rp. 34,658,560) | $1732.92 (Rp. 27,726,720) | $2599.39 (Rp. 41,589,440) |
| 2035 | $9657.10 (Rp. 154,433,600) | $7725.68 (Rp. 123,609,280) | $11588.52 (Rp. 184,617,920) |
Notes:
- These price predictions are based on analysis of historical data, current market trends, and future projections for SushiSwap adoption.
- Actual prices may differ significantly from these predictions due to external factors such as economic events, government regulations and changes in market sentiment.
- Before investing in SUSHI or any other cryptocurrency, it is important to do your own research and understand the risks.
Conclusion
SushiSwap is an innovative DeFi platform with the potential to grow in the future. The SUSHI token has valuable utility in the SushiSwap ecosystem and can benefit from the growth of the platform.
However, it is important to remember that the cryptocurrency market is speculative and the price of SUSHI can fluctuate significantly. Investors should do their own research and consider their risk tolerance before investing in SUSHI.
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Apart from price predictions, this article also discusses several factors that may influence the price of SUSHI in the future. Investors should consider these factors when making their investment decisions.
How to Buy Sushiswap (SUSHI) on Bittime
You can buy and sell Sushiswap (SUSHI) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Sushiswap (SUSHI) is available on Bittime with the market pair SUSHI/IDR. To be able to buy SUSHI IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Sushiswap (SUSHI) on Bittime.
Monitor price chart movements of Sushiswap (SUSHI), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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