SushiSwap’s SUSHI Seen at $100 Value, Up Fivefold From Current Level

[Tanimariya]

SUSHI's near 3,000% rise isn't over, and could be valued at $100 using a traditional dividend discount model.
SushiSwap’s governance token, SUSHI, could be worth $100, up fivefold from current price levels, according to John Todaro, head of business development at TradeBlock, a provider of institutional cryptocurrency trading tools and CoinDesk subsidiary.

SushiSwap is a decentralized cryptocurrency exchange built on the Ethereum blockchain. Its price has skyrocketed to about $19, representing a 30-fold gain from a November 2020 low. The protocol has proven one of the biggest success stories of decentralized finance, or DeFi, generating over $100 million in cumulative revenue since launch, Todaro wrote Thursday in the newsletter Bankless.
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