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Sushiswap (SUSHI) Price Prediction 2024 – 2025 – 2030

Torsten Hartmann

January 15, 2024

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What is SUSHI

Sushi is a DEX (decentralized exchange) where users can swap tokens, provide liquidity, stake, trade and more. Powering this ecosystem is SUSHI, also known as SushiSwap, the native token of Sushi. It has a variety of uses within the Dapp (decentralized app) itself, and can also be traded as a token on many other exchanges.^[1]

It is best known for its automatic market making (AMM) capabilities, and since their launch, have quickly gained the attention of the DeFi community. The SUSHI token has seen its price skyrocket in the past – from an all time low of ~$0.50 to an all time high of ~$23 in a matter of months. Today it sits at ~$11.35, but what does its future look like, and what exactly can shape its future price?

SUSHI Price Prediction

Below, we examine SUSHI in some detail, and attempt to make a reasonable price assumption for the near future with the help of several price predictors. It should be noted that while price predictions are based on data, and often are analyzed by AI, they should never be taken as financial advice or a solid basis for an investment. It is always highly recommended users do their own research into the projects whose tokens they wish to invest in.

As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems.

With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment.

Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market.

Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March.

Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon.

The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.

SUSHI Price Prediction For The Next 90 Days 

Below is a tabular overview of how will SUSHI develop in the short-term (for the next 90 days), according to our prediction model:

SushiSwap Price Prediction 2024 

SUSHI Price Prediction 2025 

Our prediction model sees SUSHI reaching $2.49 in 2025.

What will SUSHI be worth in 5 years?

The price of SUSHI in 5 years could lie around $2.24, according to CaptainAltcoin’s prediction model.

SushiSwap Price Prediction 2030 – 2040

What SushiSwap will be worth in 2030?

Our forecasting model sees SushiSwap reaching $6.22 in 2030.

What SushiSwap will be worth in 2040?

Our forecasting model sees SushiSwap reaching $12.43 in 2040.

Will SushiSwap replace / surpass / overtake Bitcoin?

No, SushiSwap will not replace or overtake BTC.

Can SushiSwap reach $1000?

No, our prediction model sees no possibility for SushiSwap to reach $1000 in the short or mid-term period.

Is SushiSwap worth buying?

We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, SushiSwap is worth buying.

Is SushiSwap a good investment?

SushiSwap is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.

How much will SushiSwap be worth?

For the short-term future, it could reach $0.5847. In the long-term (8-10 years), it could jump to $6.22 or even higher.

Why will SushiSwap succeed and go up in price?

SushiSwap has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees SushiSwap rising up to $6.22 in 2030.

Why will SushiSwap fail and drop in price?

Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.

Can SushiSwap reach $100?

Yes, it is possible that SushiSwap can reach $100 but only in a distant future, after 2030.

How high will SushiSwap go?

Our forecasting model sees SushiSwap price exploding and reaching $12.43 in a distant future.

What is the short-term prediction for SushiSwap?

SushiSwap will reach $0.5847 in the next 90 days, which is a 41.8% change over the current price which hovers around $1.00.

Can SushiSwap make you a millionaire?

Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a SushiSwap millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in SushiSwap could make you a millionaire.

SushiSwap Price Prediction Today - What will be the price of SushiSwap tomorrow?

SushiSwap will hover around $1.08 tomorrow.

Can SushiSwap explode?

No, SushiSwap price will not explode and record 5-10x pumps; but grow more modestly with an increase of 45.5% in the next year.

What will be the price of SushiSwap in 10 years?

SushiSwap price in 10 years will hover between $6.22 and $12.43.

SushiSwap Price Prediction 2023 - What will SushiSwap be worth in 2023?

SushiSwap will reach $1.62 in 2023, which is a 60.97% change over the current price.

SushiSwap Price Prediction 2024 - What will SushiSwap be worth in 2024?

SushiSwap will reach $1.96 in 2024, which is a 94.97% change over the current price.

SushiSwap Price Prediction 2026 - What will SushiSwap be worth in 2026?

SushiSwap will reach $2.83 in 2026, which is a 181.28% change over the current price.

SushiSwap Price Prediction 2027 - What will SushiSwap be worth in 2027?

SushiSwap will reach $3.57 in 2027, which is a 255.53% change over the current price.

SushiSwap Price Prediction 2028 - What will SushiSwap be worth in 2028?

SushiSwap will reach $4.32 in 2028, which is a 329.78% change over the current price.

SushiSwap Price Prediction 2029 - What will SushiSwap be worth in 2029?

SushiSwap will reach $5.06 in 2029, which is a 404.03% change over the current price.

SushiSwap Price Prediction 2050 - What will SushiSwap be worth in 2050?

SushiSwap will reach $18.94 in 2050, which is a 1785.64% change over the current price.

Can SushiSwap reach $10?

Yes, SushiSwap could reach $10 by the end of 2024.

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Team

Sushi was co-founded by 3 individuals known by the usernames Chef Nomi, sushiswap and 0xMaki^[3], and has grown to a team of 15 people represented semi-anonymously on their website by their usernames and unique anime-inspired portraits.^[4]

Last year they found themselves in some controversy when Chef Nomi decided to withdraw 38,000 ETH from SushiSwap. However, the funds were later returned with an apology and an acknowledgement of the mistake.^[3] 

Currently SushiSwap is governed mostly by its community via discussions on forums and voting on the SushiSwap Snapshot. Major changes are voted on by the community whereas smaller ones are decided by 0xMaki and the core team. The goal is to establish a DAO with working trustless governance.^[5]

They are active on Twitter, posting and retweeting updates and happenings within the SushiSwap community and the DeFi community as a whole.

On their blog page they go more into detail with their updates, be it new products or features, recent partnerships or community related events. Here they post articles of various lengths which are read by hundreds of users.

SushiSwap clearly uses a lot of imagery and terminology inspired by Japanese culture, often using food metaphorically for example. There is a laid-back, nostalgic feel surrounding the brand which is felt through the art and colors. While the team is not entirely open about their identities, the steps SushiSwap is taking towards decentralization, its growing userbase and platform have positive implications on the project.

Community

Perhaps their largest community in terms of members lies in Discord, with over 68,000 members, followed by Reddit and Telegram hosting ~12000 and ~2300 members respectively.^[1]

They have ~287,000 followers on Twitter, where official posts tend to get hundreds of likes, and #SushiSwap itself is used several times around the hour all throughout the day. Community activity is on par with their numbers, and with an interesting project at hand, there’s still room to grow.

Exchanges & wallet support

According to Coinmarketcap, currently, SushiSwap is listed on around 55 exchanges, and is supported by over 20 wallets^[1].

Market price prediction

• CryptoNewsZ forecasts that SUSHI’s price will surpass the $2.43 mark by the conclusion of 2023. Their projection suggests that SUSHI’s average price will touch $2.50 in 2024, with a potential peak at $2.95. By 2028, SUSHI might achieve a top price of $8.06.
• PricePrediction.net believes that by 2024, SushiSwap will have an average value of $1.18. They anticipate that in 2025, SushiSwap’s price will range between a low of $1.64 and a high of $1.99, averaging at $1.69. For 2026, they expect SushiSwap’s price to hit a minimum of $2.40 and potentially rise to $2.87, with an average prediction of $2.49. By 2027, they forecast SushiSwap’s price to fluctuate between $3.52 and $4.17, with an average of $3.65 in USD.
• Traders Union estimates that SushiSwap (SUSHI) might achieve $0.762 by 2025, $1.226 by 2030, and $1.796 by 2034.
• CoinMarketCap expects SushiSwap (SUSHI) to touch a price of $2.31 by the end of 2023.
• DigitalCoinPrice suggests that SushiSwap will commence 2024 at $1.61 and hover around $1.98. Based on their analysis, investing in SushiSwap would be profitable, as its value could surge by 217.48%, reaching $2.15 by 2025’s end. They also predict that in 2026, SushiSwap might achieve a record price between $2.52 and $2.69.

Is SUSHI worth investing in?

SUSHI is a good investment for the short-term when the market is in the BULL run. Usually these types of DeFi projects do extraordinary well when the overall crypto market is in the green and they outperform other better known projects by a lot. However, make sure to exit them in time as they tend to do get a beating during ranging and bear market cycles.

Why will Sushiswap succeed?

Because it does propose a valuable service, the anonymous team behind it proved to be a very innovative and courageous, it already built a name for itself in its niche and suffered no security breaches or other types of compromises (economic, reputational etc). The token itself does provide utility and makes sense which is not the case with many other similar projects.

Why will Sushiswap fail?

SUSHI might fail because of the fierce competition, dynamic technological field and rocket-speed developments in its niche. Another common reason this type of project fails is team issues – either the team splits or outright abandons the project.

Where and How to Buy SUSHI

Where to buy SUSHI?

SUSHI can be bought or sold at a variety of exchanges from Sushi to Binance, Coinbase, FTX, Phemex, 1inch and more.^[6]

How to buy SUSHI?

Buying crypto can differ from exchange to exchange, but here are solid guidelines to purchasing SUSHI:

1. Select an exchange that supports SUSHI and check for KYC (account verification) requirements and available payment methods.
2. Create an account on your preferred exchange.
3. Purchase SUSHI with your preferred payment method.

Already have an account on an exchange that supports SUSHI?

• Purchase SUSHI with your preferred payment method.

Or

• Swap some of your tokens with SUSHI.

Note: many exchanges have minimum purchase and swap amounts on their platforms, and usually they are around $10-$20 in the token’s equivalent. Additionally, most exchanges issue fees for purchases and swaps, these fees and their conditions differ from platform to platform, sometimes even geographically, thus, to minimize costs, comparing exchange fees and policies is a must.

SUSHI Wallets

According to Sushi, over 20 wallets exist that support the SUSHI token, these include:

• Coinbase
• Binance
• Trust Wallet
• Ledger
• Metamask

In general, if an exchange supports SUSHI, it should also provide a wallet for it. There are exceptions however and some exchanges do not offer wallets for all their supported tokens.

The platforms that do offer wallets may have minimum withdrawal amounts and withdrawal fees that are independent of blockchain fees. Usually these amounts and fees are minimal, but those that pay attention to costs may be interested in understanding the withdrawal policies of the exchange. Conversely, it is very rare to find an exchange with deposit fees on crypto, as they like to incentivize users to deposit on their platform.

Furthermore, not all wallets, especially exchange wallets, offer private keys; this means that while the tokens still remain yours, they are not stored in your personal wallet, rather, on one major wallet where all or part of the exchange’s assets are stored.

Summing it all up

SUSHI is an interesting case, because it is not just a regular DEX, but also an AMM (automatic market-maker), which along with DeFi, is also seeing an increase in interest, and the predictions taken into account above seem to agree with the general idea.

A $4,100 price tag, while ambitious, calls for very specific circumstances to work, which makes it unlikely. Nevertheless, price predictors agree on a general and significant increase in the long term, and given SUSHI’s capabilities, a $35 value in 5 years time does not seem unreasonable.

Make sure to check out other price predictions too:

• Uniswap Price Prediction 2024-2025
• Polkadot (DOT) Price Prediction
• Aave Forecast 2023-2025
• Avalanche AVAX Price prediction
• Fantom ($FTM) Price Prediction
• Elrond (EGLD) Price Prediction
• Future Forecast For Cardano (ADA) Price

References & Resources:

[1] Sushi.com

[2] App.sushi.com

[3] Coinmarketcap.com/sushiswap

[4] Sushi.com/team

[5] Docs.sushi.com/governance-model

[6] Coinmarketcap.com/sushiswap/markets

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