{"id":200,"date":"2021-04-01T21:52:00","date_gmt":"2021-04-01T21:52:00","guid":{"rendered":"https:\/\/wolfbet.com\/blog\/?p=200"},"modified":"2025-01-22T14:41:13","modified_gmt":"2025-01-22T14:41:13","slug":"is-sushiswap-a-good-investment","status":"publish","type":"post","link":"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/","title":{"rendered":"Is SushiSwap a Good Investment To Make in 2021? [Guide]"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1f88ff;color:#1f88ff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1f88ff;color:#1f88ff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ez-toc-columns-2 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/#What_is_SushiSwap\" >What is SushiSwap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/#SUSHI_Token_The_Main_Advantage_of_SushiSwap\" >SUSHI Token: The Main Advantage of SushiSwap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/#SushiSwap_Partnerships\" >SushiSwap Partnerships<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/#SUSHI_Price_Performance_So_Far\" >SUSHI Price Performance So Far<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/#Is_SushiSwap_a_Safe_Investment\" >Is SushiSwap a Safe Investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wolfbet.com\/blog\/is-sushiswap-a-good-investment\/#Frequently_asked_questions\" >Frequently asked questions<\/a><\/li><\/ul><\/nav><\/div>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Is SushiSwap a good investment?<\/strong><\/p>\n\n\n\n<p>When we take all factors into consideration, SushiSwap looks like a safe investment. The SUSHI token has been performing very well so far, and the SushiSwap partnerships give it a solid backing in the crypto ecosystem.<\/p>\n<\/blockquote>\n\n\n\n<p>SushiSwap was one of the most successful crypto projects of the past year, and the SUSHI token is still performing superbly during the current bull run.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/wolfbet.com\/?c=blog19&amp;utm_source=blog&amp;utm_medium=post&amp;utm_campaign=19\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/05\/special_offer-10.png\" alt=\"\" class=\"wp-image-936\"><\/a><\/figure>\n\n\n\n<p>Part of the Decentralized Exchange (DEX) revolution, SushiSwap may be a good investment for crypto enthusiasts in 2021. Here\u2019s a full guide on how to leverage it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_SushiSwap\"><\/span><strong>What is SushiSwap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/02\/sushiswap-is-a-great-place-to-buy-defi-tokens.png\" alt=\"sushiswap is a great place to buy defi tokens\" class=\"wp-image-756\"><figcaption class=\"wp-element-caption\">SushiSwap is a community-driven decentralized exchange with a great interface<\/figcaption><\/figure>\n\n\n\n<p>SushiSwap is one of the most popular DEXs (decentralized exchanges) on the market. The platform launched in 2020 as a\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/h\/hard-fork.asp\" rel=\"nofollow noopener\" target=\"_blank\">fork<\/a>\u00a0of Uniswap.<\/p>\n\n\n\n<p>Just like Uniswap, SushiSwap allows you to trade an unlimited number of cryptocurrency tokens. Unlike centralized exchanges such as Binance or Coinbase, DEXs like SushiSwap enable blockchain developers to directly list their projects on the market.<\/p>\n\n\n\n<p>But SushiSwap is much more than just a Uniswap clone.\u00a0<\/p>\n\n\n\n<p>Even though the two DEXs are very similar, SushiSwap has some features which enable it to successfully compete with its predecessor (listed below). Currently,\u00a0<a href=\"https:\/\/medium.com\/coinmonks\/uniswap-vs-sushiswap-d326860b0084\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SushiSwap already has 40% of the volume of Uniswap<\/a>, and its market share keeps growing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SUSHI_Token_The_Main_Advantage_of_SushiSwap\"><\/span><strong>SUSHI Token: The Main Advantage of SushiSwap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Just like Uniswap with its UNI token, SushiSwap is also powered by a unique digital asset called SUSHI. Usually, people earn money with DEXs by\u00a0<a href=\"https:\/\/wolfbet.com\/blog\/uniswap-liquidity-mining-risks\/\">providing liquidity to the exchange<\/a>. Adding liquidity to DEXs means locking some cryptocurrency in specialized smart contracts called\u00a0<a href=\"https:\/\/uniswap.org\/docs\/v2\/core-concepts\/pools\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">liquidity pools<\/a>.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How Do Liquidity Pools on SushiSwap Work? - Pillar\" width=\"708\" height=\"398\" src=\"https:\/\/www.youtube.com\/embed\/w7mjxBXXHmY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>As long as you keep funds locked in a liquidity pool, you are eligible to earn interest which comes from the fees paid whenever someone buys or sells crypto on the exchange.<\/p>\n\n\n\n<p>On most DEXs, you only earn interest if you keep your funds in the liquidity pool.\u00a0<\/p>\n\n\n\n<p>The second you withdraw your tokens from the pool, you stop earning.<\/p>\n\n\n\n<p>SushiSwap gained popularity so quickly because it allows you to earn some money at all times, even if you don\u2019t keep your funds locked in a liquidity pool.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/04\/adding-liquidity-to-sushiswap-is-simple-and-is-a-relatively-safe-investment.png\" alt=\"adding liquidity to sushiswap is simple and is a relatively safe investment\" class=\"wp-image-859\"><figcaption class=\"wp-element-caption\">Adding liquidity to SushiSwap is fairly straightforward with its simple interface<\/figcaption><\/figure>\n\n\n\n<p>SushiSwap users pay a 0.3% fee on every transaction.\u00a0From that number, 0.25% gets distributed among liquidity providers. However, the remaining 0.05% is shared among all SUSHI holders, even if they don\u2019t add liquidity to the exchange.<\/p>\n\n\n\n<p>You don\u2019t have to do anything\u2026<\/p>\n\n\n\n<p>You earn the guaranteed 0.05% interest just by owning SUSHI tokens. 0.05% seems like a very small number, but it\u2019s worth noting that\u00a0<a href=\"https:\/\/coinmarketcap.com\/exchanges\/sushiswap\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">every day assets worth $300 million are being traded on SushiSwap<\/a>, which means that each day the SUSHI token holders earn $150,000 in total, even if they don\u2019t add liquidity to the exchange.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SushiSwap_Partnerships\"><\/span><strong>SushiSwap Partnerships<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When we analyze whether SushiSwap is a good investment, it\u2019s important to take a look at SushiSwap\u2019s partnerships. SushiSwap is considered a part of the\u00a0<a href=\"https:\/\/cryptotelegram.com\/sushi\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Yearn Finance Ecosystem<\/a>. Aside from SushiSwap, this DeFi collective includes projects such as Pickle, Arko, Cream, Cover and, most importantly, Yearn Finance.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/04\/the-yearn-finance-ecosystem-is-a-trusted-defi-platform.png\" alt=\"the yearn finance ecosystem is a trusted defi platform\" class=\"wp-image-861\"><figcaption class=\"wp-element-caption\">The Yearn Finance ecosystem is a trusted platform off of which new tokens can be launched<\/figcaption><\/figure>\n\n\n\n<p>The importance of the Yearn Finance partnership shouldn\u2019t be underestimated.\u00a0<\/p>\n\n\n\n<p>Yearn Finance was one of the projects which started the DeFi gold rush in 2020, and Yearn\u2019s founder\u00a0<a href=\"https:\/\/twitter.com\/andrecronjetech\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Andre Cronje<\/a>\u00a0is one of the most influential people in crypto.<\/p>\n\n\n\n<p>The Yearn Finance partnership means that SushiSwap has a strong backing in the crypto ecosystem. Alone, it would be hard for SUSHI to compete with Uniswap.<\/p>\n\n\n\n<p>As a part of a larger community, SushiSwap has the potential to become one of the market leaders in the future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SUSHI_Price_Performance_So_Far\"><\/span><strong>SUSHI Price Performance So Far<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The SUSHI token has been one of the best performing digital assets during the current crypto bull run. The price analysis leaves no doubt that SUSHI is still a good investment.<\/p>\n\n\n\n<p>For the most part of 2020, the SushiSwap price was stable, and SUSHI traded for less than $1 for a token. Then, in November 2020, the SUSHI price started to grow.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/04\/the-price-of-SUSHI-has-been-steadily-increasing-over-the-past-months-and-the-token-is-a-good-investment.png\" alt=\"the price of SUSHI has been steadily increasing over the past months and the token is a good investment\" class=\"wp-image-860\"><figcaption class=\"wp-element-caption\">The SUSHI price has skyrocketed in early 2021 due to the increased popularity of DEXs<\/figcaption><\/figure>\n\n\n\n<p>For the past few months, SushiSwap has been performing superbly, and the SUSHI price surged massively. On March 13th,\u00a0<a href=\"https:\/\/coinmarketcap.com\/currencies\/sushiswap\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SUSHI reached a new all-time high of $23.38<\/a>, and it looks like it still has a lot of room for growth. Since SushiSwap is similar to Uniswap, comparing the two can give you some idea on how high the SUSHI price can get.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/uniswap\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">The UNI token\u2019s all-time high is $35.86<\/a>, and generally SushiSwap trades for about $10 less than Uniswap. If SushiSwap continues to increase its market share, the SUSHI price can rise by that amount in the foreseeable future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_SushiSwap_a_Safe_Investment\"><\/span><strong>Is SushiSwap a Safe Investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When we take all factors into consideration, SushiSwap looks like a safe investment.<\/p>\n\n\n\n<p>The SUSHI token has been performing very well so far, and the SushiSwap partnerships give it a solid backing in the crypto ecosystem.<\/p>\n\n\n\n<p>However, all investments involve some risks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/02\/sushi-added-to-wolfbet-1024x360.png\" alt=\"wolf.bet announces sushiswap tokens\" class=\"wp-image-760\"><figcaption class=\"wp-element-caption\">Wolf.bet offers SUSHI as a token to play casino games like Dice, Hilo, or Limbo<\/figcaption><\/figure>\n\n\n\n<p>It\u2019s especially true with digital assets like SUSHI, since the crypto market is highly volatile and the price of a token can plummet instantly with seemingly no reason at all.\u00a0<\/p>\n\n\n\n<p>If you don\u2019t mind the risk involved in investing in crypto, another thing that might interest you are Bitcoin casinos like Wolf.bet, where token love meets casual entertainment.\u00a0<\/p>\n\n\n\n<p>Wolf.bet offers both SUSHI and UNI for gambling.<\/p>\n\n\n\n<p>The risk of playing at a crypto casino is similar to the risk of trading crypto, but it\u2019s more fun to play a game of dice than just sit and wait until the price of your tokens goes up.<\/p>\n\n\n\n<p><strong><em>Originally published Apr 1 2021<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/wolfbet.com\/?c=blog19&amp;utm_source=blog&amp;utm_medium=post&amp;utm_campaign=19\"><img decoding=\"async\" src=\"https:\/\/storage.googleapis.com\/wolfdotbetblog\/1\/2021\/05\/bonus-8.png\" alt=\"\" class=\"wp-image-937\"><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>What is SushiSwap?<\/strong><\/p>\n\n\n\n<p>SushiSwap is a DEX (decentralized exchange) similar to Uniswap, which allows people to buy and sell a large number of cryptocurrency tokens, including many innovative DeFi projects.<\/p>\n\n\n\n<p><strong>Is SushiSwap a safe exchange?<\/strong><\/p>\n\n\n\n<p>SushiSwap is considered a relatively safe exchange, but no blockchain project is 100% safe unless used with caution. Learn all the details of investing on SushiSwap in this article.<\/p>\n\n\n\n<p><strong>Which crypto is best to invest in 2021?<\/strong><\/p>\n\n\n\n<p>Thousands of different cryptocurrency coins and tokens exist, and it\u2019s impossible to pick one that would objectively be the best investment. It\u2019s essential to thoroughly research the project you\u2019re about to invest in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is SushiSwap a good investment? When we take all factors into consideration, SushiSwap looks like a safe investment. The SUSHI token has been performing very well so far, and the SushiSwap partnerships give it a solid backing in the crypto ecosystem. SushiSwap was one of the most successful crypto projects of the past year, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/posts\/200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/comments?post=200"}],"version-history":[{"count":0,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/posts\/200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/media\/202"}],"wp:attachment":[{"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/media?parent=200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/categories?post=200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wolfbet.com\/blog\/wp-json\/wp\/v2\/tags?post=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}