$SUSHI , the governance token for the SushiSwap decentralized exchange, has emerged as a prominent player in the cryptocurrency market. Below is a detailed analysis of its recent statistics and performance metrics:
1. Market Capitalization:
SUSHI currently boasts an estimated market cap of approximately $1 billion, positioning it among the top 100 cryptocurrencies by market cap.
2. Daily Trading Volume:
The daily trading volume for SUSHI ranges between $100 million and $200 million, reflecting strong market interest and high liquidity. This indicates robust activity and confidence among traders.
3. Current Price Range:
The token is currently trading within the $1.5 to $2 range, though historical price trends show periodic spikes surpassing this level.
4. Circulating Supply:
There are about 200 million SUSHI tokens in circulation out of a total supply cap of 250 million tokens.
5. Yearly Growth Performance:
SUSHI has achieved a notable 50% growth in value over the past year, reinforcing its appeal as a promising investment vehicle.
6. Geographical Popularity:
The token has gained significant traction in Asian and European markets, where the adoption of blockchain technology and financial innovations is particularly strong.
Key Takeaways:
SUSHI is not merely a standalone cryptocurrency but a critical component of an integrated decentralized financial ecosystem. Its robust market performance, coupled with increasing geographical adoption and consistent value growth, underscores its potential as an investment and trading asset.
Investment Advisory:
Given the dynamic nature of cryptocurrency markets, investors are advised to monitor market trends and regularly update their data to make informed decisions. SUSHI’s position as a high-liquidity, high-growth asset makes it an attractive option for both short-term traders and long-term investors.
