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Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Cordillerabit on March 14, 2021, 03:39:34 PM

Title: SushiSwap's SUSHI is valued at $100, a fivefold increase from its current level.
Post by: Cordillerabit on March 14, 2021, 03:39:34 PM
(https://support.bityard.com/hc/article_attachments/900006887746/mceclip0.png)

According to John Todaro, head of business development at TradeBlock, a provider of institutional cryptocurrency trading tools and a CoinDesk subsidiary, SushiSwap's governance token, SUSHI, could be worth $100, a fivefold increase from current prices.

SushiSwap is an Ethereum-based decentralized cryptocurrency exchange. Its value has soared to around $19, representing a 30-fold increase from a low in November 2020. Todaro wrote in the Bankless newsletter on Thursday that the protocol has proven to be one of the biggest success stories of decentralized finance, or DeFi, with over $100 million in cumulative revenue since launch.

Holders of the SUSHI get a share of the SushiSwap platform's fees, similar to how stockholders might get a dividend. Todaro wrote, “Recently, SushiSwap initiated a process whereby a portion of platform trading fees are paid out to token holders.”

This ownership stake is essentially a dividend that can be used to value SUSHI in the same way that the price of a bond is a function of the yield.

Despite the high price, Todaro warned investors about the market's significant risks, including a drop in DeFi cryptocurrency trading.

Todaro wrote that this industry-wide risk could "severely impact SushiSwap's volumes and thus trading fees."

Source: Bityard (https://support.bityard.com/hc/en-us/articles/900004914386-Blockchain-News-SushiSwap-s-SUSHI-is-valued-at-100-a-fivefold-increase-from-its-current-level-)
Title: Re: SushiSwap's SUSHI is valued at $100, a fivefold increase from its current level.
Post by: Shivani Patil on April 06, 2021, 01:00:49 PM
The fees charged by Sushiswap for providing the trading and conversion facility is 0.3% of the total value of the transaction. The liquidity providers get 0.25% of these trading fees. The remaining 0.05% goes into the Sushi bar pool for the Sushi token holders. Sushiswap is becoming popular every day because of its unique features and facilities for investors. The rewards and the token distribution are very lucrative. The safety and security of the platform add to the benefit of the liquidity providers.
Source:CoinPedia
Title: Re: SushiSwap's SUSHI is valued at $100, a fivefold increase from its current level.
Post by: TomPluz on April 11, 2021, 07:15:10 AM
I am sad that I am not able to "invest" with SushiSwap right from the very start. Sushi has proven to be a very strong contender in the marketplace of DeFi, and it has a strong and growing base of users all over the world, beating many of its peers and competitors. I am not wondering if the value of its token will continue to rise and there can be some chance that this too can explore the NFT market to further add to its arsenal of services. So what about some sushi for dinner and some wine included?