Sushi, one of the most active DeFi tokens, is forecasted to surge its price to almost $25 based on its bullish trend performance. This exclusive article will discuss the circulating rumors about the Sushi network hitting the bullish price of over $20.
Read CRYPTONEWSLAND onInterestingly, Sushi is one of the most successful DeFi protocols that generated a $100 million cumulative revenue since its launch. In fact, Sushi’s SushiSwap decentralized exchange (DEX) has a total value locked of over $5 billion.
Also, the SushiSwap DEX ranks as one of the top ten protocols in the DeFi pulse ranking. Truly, Sushi is a competitive DeFi network that values its investors.
John Todaro, Vice President of crypto asset and blockchain research at Needham & Co., added:
Similar to the way stockholders might receive a dividend, holders of the SUSHI get a share of the SushiSwap platform’s fees. Recently, SushiSwap initiated a process whereby a portion of trading fees across the platform are paid out to token holders.
Aside from these Sushi achievements in the past months, the Sushi network has partnered with the Polygon network. As a result, both networks can expect mass adoption of their own tokens anytime soon that can lead to trigger price pumps.
Today, Sushi trades at a decent price of $17 with a growth rate of +35.5% in the past 14 days. If this bullish trend continues, hitting the skyrocketing price of $25 will not be a big deal for the crypto.
In other reports, Polygon (MATIC) appears to be having extremely bullish runs, which makes MATIC a strong altcoin contender for the top 10 crypto position.
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