SushiSwap is up 15%

SushiSwap is one of the biggest winners today. The coin, which ranks 88th in terms of market capitalization, has gained almost 16% in the last 24 hours. This quick start guide explains what SushiSwap is, whether it is a good investment, and whether you should buy SushiSwap now.

What is SushiSwap?

SushiSwap (SUSHI) is an example of an automated market maker (AMM). AMMs are decentralized exchanges that use smart contracts to create markets for a specific pair of tokens, an increasingly popular tool among cryptocurrency users. SushiSwap was founded in September 2020 as an offshoot of Uniswap, the AMM, which has become synonymous with the decentralized financial movement (DeFi) and the associated trade boom with DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features that were not previously available on Uniswap, such as: B. increased rewards for network participants via his in-house token SUSHI.

SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or about his or her inducement to deviate from Uniswap.

Should I buy SushiSwap today?

Given how difficult it is to make an accurate cryptocurrency prediction, you should never make decisions affecting your finances before doing an in-depth market analysis. Don't invest more than you can afford to lose.

SushiSwap price forecast

SushiSwap will trade for at least $ 13.17 in 2022, according to PricePrediction. The SushiSwap price should reach a maximum of 16 USD. In 2023 the price of SushiSwap will reach USD 19 as the bare minimum. The maximum it can rise to is $ 23. In the following year, 1 SushiSwap is supposed to change hands for at least 26 USD.

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