Bullish predictions for SUSHI: SushiSwap (SUSHI) is poised for future growth, with price predictions for 2024 ranging from 5,054 USD to a potential drop to 0.772 USD. Currently, the market shows promise as SUSHI’s price trends correlate with MAJOR cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), suggesting interdependence.
SushiSwap’s strategic position: Operating on Ethereum, SushiSwap functions as a decentralized exchange using liquidity pools and an automated market maker model. This strategic setup enables direct trading without intermediaries, promoting community engagement and governance participation through its SUSHI token.
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