您现在的位置是:SushiSwap (SUSHI) has fallen sharply from ATHs >>正文
SushiSwap (SUSHI) has fallen sharply from ATHs
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛962人已围观
简介When SushiSwap (SUSHI)first came out, it was seen as one of the best ever projects in DeFi. Investor...
When SushiSwap (SUSHI)first came out, it was seen as one of the best ever projects in DeFi. Investor interest was instant and as such, the coin surged, hitting an all-time high of around $23.3 in March last year. But ever since, it’s been a challenging period for SUSHI. Can it really recover? Here is what you need to know:
From an ATH of $23.3, SUSHI is now trading at around $3.56.
SushiSwap is facing increasing competition in the DeFi space, especially DEXs.
It is highly unlikely the coin will ever regain the ATH anytime soon.
Data Source: Tradingview
SushiSwap (SUSHI) -The bleak picture ahead
If there is anyone out there biting their fingers waiting for SUSHI to ever return to $23.3, they may have to wait for quite some time. You see, unlike many coins that have fallen due to broader market headwinds as opposed to changes in underlying fundamentals, SUSHI has suffered from both.
First, the project behind SUSHI is having to deal with increasing competition from better, more efficient market entrants that are sucking quite a lot of users and TVL. SushiSwap has also had to deal with the congestion and high gas fees of Ethereum, which has limited scalability.
As for the short-term price outlook, we saw the coin fall below the crucial $4.2 support. We expect SUSHI to bottom at $2.8 before it has any significant rally.
Is SushiSwap (SUSHI) worth the risk?
Well, it will depend on your expectations. Although the coin has fallen from ATHs and is never getting back there soon, there is still a little upside. At the current price of $3.5, SUSHI is heavily discounted.
If sentiment improves in the market, we are likely to see a surge towards $7 by the end of the year. That would still be a 50% jump. Besides, the move to Ethereum 2.0 could help jump-start the project in the future.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/27949.html
相关文章
The Sandbox (SAND) is rebounding – Here is why you should be cautiously optimistic
SushiSwap (SUSHI) has fallen sharply from ATHsAfter a massive blood bath for most parts of January. Sandbox (SAND)is starting to crawl back some o...
阅读更多
FTX not planning to acquire Robinhood, CEO says
SushiSwap (SUSHI) has fallen sharply from ATHsFTX CEO Sam Bankman-Fried (SBF) refuted rumors that the crypto exchange was planning to acquire the...
阅读更多
FTX could acquire BlockFi for $240 million
SushiSwap (SUSHI) has fallen sharply from ATHsCryptocurrency lender BlockFi could be acquired by FTX, one of the leading crypto exchanges in the w...
阅读更多
热门文章
- Woman Charged for Paying BTC to Have Ex
- Peter Thiel Leads Bitpanda’s Investment Raising $52 Million
- More Than 75 Crypto Exchanges Have Closed This Year
- Zilliqa could teeter in 2022 despite rallying impressively over the last few days
- PayPal is in talks with BitGo on a possible acquisition
- UNI/USD at a perfect buying point after bouncing off the $9
最新文章
Ethereum Posts Record Streak Despite Fees Falling Recently
Global Marketing Head At Coinbase Exits The Company
Binance Surpasses All Others As Leading Derivatives Exchange
Us Lawmakers Approve Proposed Study On Blockchain
Only 17% of staked ETH currently in profit: Report
Analyst says crypto winter has changed crypto companies