Sushi Coin Overview
|All-time high||$9.2 USD|
|Exchange Platform||Uniswap, Balancer, Sushiswap, 0x Protocol, 1inch Exchange, Gate.io, MXC, Hotbit, FTX, BiKi, BKEX.|
Sushi Coin Price Prediction: Fork version of uniswap finally makes entry into the Decentralized Finance market with the MasterChef concept. Sushiswap aims to bring evolution In Uniswap and is supported by Sushi Token. Features on the platform will be known as the serving menu, where traders will have the freedom to UniSwap V2 LP Tokens. Sushiswap uses Farms where different dishes i.e. Token listed with APY in percentage (interest rate).
SushiSwap Protocol majorly pushing incentives for participants via staking, where they have introduced Revenue sharing and network effect with AMM Model. The platform changed the reward distribution mechanism as SushiSwap LPs earn 0.25% fees and Uniswap LPs Earn 0.3% of trading fees, in which 0.05% fees will be rewarded to Sushi Holders. LPs earnings will be depended on liquidity providers and LPs will benefit users to earn more passive income from the platform.
Basically, the project is nothing but a combination of Uniswap and MasterChef. SushiSwap aims to provide better Liquidity Provider incentives, where some rewards having more benefits than Uniswap. Users can earn portal of protocol fees and even users cash out their investment or exist pool, they still become stakeholders of protocol considering early adopters. The earning on staking will depend on the number of tokens and the amount of tokens i.e. term as LP Token.
Sushi Coin Price Prediction
|Month & Year||SUSHI Price Prediction|
Sushi Coin Price Analysis
Sushiswap bags $700 million worth within few weeks of its launch and it also beat coinbase all-time one-day trading volume. Sushiswap possibly attracting users of uniswap and with their unique rewards and revenue sharing model. Sushiswap as the name suggest along with Masterchef touch they also naming token with fancy and attractive like Tether Turtle, Circle Snail, Compound Truffle. As of writing currently 13 tokens currently available for staking and earning Sushi Token as rewards.
Sushiswap is trending everywhere, as after being in the top Coingecko most searched crypto project, it also makes entry into google trends. As per the report Sushiswap aggregate $800 million USD worth token i.e. 80% of Uniswap total Asset. Sushi listed with an average price of $1.52 USD and now as of writing it already cross the $8 USD mark with a 426% price change. However, incoming weeks Sushi possibly cross the $10 USD mark and ended up by cross the $25 USD mark.