Let’s now take a look at some of the SUSHI price history. While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can help us by giving us some context for when we want to either interpret a sushiswap price prediction or else make one of our own.
As we can see from the above price chart, the SUSHI cryptocurrency price rose to $13.10 on 1 November 2021, as it trended higher from the dip across the cryptocurrency markets in late September that took the price down to $8.50. It then declined, dropping by 49% to $6.70 on 28 November.
At around $5.20 on 20 December, SUSHI was still up by around 80% since the start of 2021. But it had been putting in lower highs since it reached its all-time high of $23.40 on 13 March 2021. The token ended 2021 on a positive note, reaching a high of $10.37 on 31 December.
However, SUSHI has struggled to get back above the $10 mark in 2022. By late January, it had fallen below $5 and continued on a downtrend in the following months, falling below $1 for the first time since 2020 on 13 June 2022, as cryptocurrency prices collapsed following the cancellation of withdrawals on the Celsius Network (CEL) crypto lending platform.
The price has since been relatively stable compared with earlier volatility, as the token has been trading in the $1-$2 range from mid-May to late September 2022.
As of 30 September 2022, the token was trading at about $1.10. At that time, there were 127,244,443 SUSHI in circulation out of a total supply of 244,542,059. This gave the token a market cap of around $140m, making it the 137th largest crypto by that metric.