SushiSwap had been on a downward roll ever since the beginning of November after the bullish momentum died down for the cryptocurrency. As the month of December came to an end, the cryptocurrency effectively reversed its trajectory and is now advancing upwards. The upward trend is going strong currently and further bullish momentum is in the cards for the token. At the time of writing, SUSHI token stands at a price level of $9.91. The price has surged by 6% during the past twenty-four hours while the daily trading volume is also on an increasing trend. Sushiswap stands at a market rank of #84 currently.
SushiSwap’s up and coming products
Shoyu is one of the most anticipated products of SushiSwap. Shoyu is essentially digital display interface and an NFT marketplace built on top of the platform. The V0 of the product is to be launched soon as developments are taking place at a high pace. The V0 metaverse will display a gallery of selected artists open to everyone. The walkable metaverse has a lot of community members looking forward to it. After the launch of the V0 – which is, at its essence, a 10-week period of NFT drops – major developments will be taking place with the launch of Shoyu V1.
Trident is another product that is currently under development and has the potential to help SushiSwap skyrocket. It is essentially a concept design of the pool types of DeFi liquidity. Trident will enable different types and kinds of pools to be added the protocol. The team firmly believes that Trident will be completely ready to facilitate the next generation of automated market makers no matter what shape or form they take.
SushiSwap had launched Miso – its own launchpad. However, Miso suffered a supply chain attack that delivered a hard blow to the community. While all of the funds were recovered, Miso might still not be something community members are looking forward to. However, Sushi’s development team has taken it upon themselves to renovate and completely transform Miso.
Future outlook
With the network buzzing with activity and with many new developments to soon occur, the future outlook of SushiSwap is definitely bullish. The new year is expected to bring even more positive developments. According to the estimates of Digital Coin Price, the cryptocurrency is expected to be operating at a price level of $16 in a year’s time while the five-year projection places it at $28.
