![Why SushiSwap’s [SUSHI] 2023 revenue has potential to floor 2022](https://i.headtopics.com/images/2023/2/1/cryptoamb/why-sushiswap-s-sushi-2023-revenue-has-potential-t-why-sushiswap-s-sushi-2023-revenue-has-potential-t-1620581448066519054.webp)
The SushiSwap 2023 revenue could surpass 2022 by $15 million. The token’s likely direction could end up in a price decrease, but HODLing could cause gains. In 2022, SushiSwap [SUSHI] recorded a revenue of $16.75 million, according to Token Terminal. However, compared to protocols like MakerDAO [MKR] and Lido Finance [LDO], Sushiswap fell short. 14/ SushiSwap: – […]
fork. This is because the project’s CEO, Jared Grey, proposed to switch SUSHI’s 100% revenue to its treasury. Before it was approved earlier in January 2023, it was usually distributed to the token holders.
Active deposits on exchanges have slowed down, according to Santiment. The metric measures the number of unique addresses on the SushiSwap network. Consequently, selloffs might not be imminent.According to the daily chart, holders of the token could benefit more from sticking to the project. This was due to the Exponential Moving Average . At press time, the 200 EMA was above the 20 and 50 EMAs. This indicated that the long-term view of SUSHI was potentially bullish.
With respect to the Directional Movement Index , SUSHI might find it difficult to revert to greens. An assessment of the DMI showed that the positive DMI was 17.18. The negative DMI , in contrast, was 14.65.
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