Popularly known as “Polkadot’s Wild Cousin”, Kusama was originally released as an experimental, untested version prior to Polkadot. The aim is to provide developers with a platform for creating and deploying para-chains. It also allows us to try out Polkadot’s governance tokens such as staking, nomination and validation functions in a real-world environment.
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Currently, Kusama is one of the leading cryptos that are seen as an asset that will bring pretty good profits in the future. Binance Futures has the highest volume of all other marketplaces at more than $ 50 million per day.
Kusama Coin was in the spotlight when the “Canary Network” tripled its price in just one month. Introduced as an experimental, unaudited, and testing network, the platform is now valued at more than $ 300 million.
overview
| Cryptocurrency | Kusama |
| character | KSM |
| Price (at the time of going to press) | $ 582.26 |
| Market capitalization | $ 4,928,111,676 |
| Circulation supply | 8,470,098.06 KSM |
| All time high | $ 614.64 (May 15, 2021) |
| Always low | $ 0.9143 (Jan 14, 2020) |
What is Kusama (KSM)?
Kusama Coin is a decentralized form of digital asset or cryptocurrency. It’s basically a network that was built as a risky, fast-paced Canarian network for its cousin Polkadot. The platform enables developers to encourage their innovation and disrupt the status quo.
Kusama was founded in 2019 by Gavin Wood, the founder of Polkadot and former CTO of Ethereum as part of the Web3 Foundation.
Kusama is a scalable blockchain network that uses code similar to Polkadot. The team that wants to move fast or prepare to deploy on Polkadot can conduct their experiments on the Kusama platform.
The basic functions of Kusama include:
Kusama has the potential to iterate the process faster with low risk, allowing developers to quickly go through the governance and upgrade process.
The platform is a great opportunity for startups that may face minor economic barriers.
Kusama is based on the most advanced next-generation multichain network with Shraded.
Kusama is owned by a community of network participants who vote and control the network.
KSM price prediction 2021
The KSM price kicked off annual trading on a bullish note, but it was slightly below the previous year and closed at around $ 69. The price later crossed the $ 100 level and climbed to crack above $ 200 in mid-February. The price continued to rise, reaching the milestone of $ 500 at the end of March. Keeping the uptrend, the price rose high and rose above $ 600 in May but saw a slight decline.
The platform is expected to deliver a lot of interesting upgrades for a better crypto ecosystem. Due to extremely bullish market sentiment and upcoming upgrades, KSM price could hit the $ 1000 milestone by the end of 2021.
KSM price prediction 2022
The price can initiate trading in 2022 with the price ranging from $ 750 to $ 920. However, the price could continue to rise over the course of 2022 and eventually move sharply towards $ 1500. In an extremely bullish trend, the price could even reach $ 2000. On the contrary, if the price breaks it could trade between $ 800 and $ 1200 by the end of 2022.
Price forecast for the next 5 years
The blockchain in the coming days could be tough competition for many other blockchains. In such a case, the price could have a great rally and also trending strongly towards USD 10,000. However, given sufficient upward momentum and market sentiment with developments in the ecosystem, the KSM price could be between $ 7,500 and $ 8,200 by the end of 2025.
KSM market price forecast
- Wall investor
According to analyst at Wallinvestor.com, the KSM coin is projected to climb to $ 1,524.9 in the coming year and struggle to reach $ 5790.44 by 2026.
- Gov.Capital
The gov.capital analyst predicts a big bull rally for the coin. The KSM coin could range between $ 923-1061 by the end of 2021 and between $ 8295 and $ 9539 by the end of 2025.
- DigitalCoinPrice
The analyst affiliated with Digitalcoin Genealogie has also forecast a price that is forecasting a level of $ 906.39 by the end of 2021 and a level of $ 1732 by the end of 2025.
Our KSM price forecast
The KSM price has shown an intensified rally. Given the past price moves and indicators, the KSM price could hit a level of $ 850-930 by the end of 2021.
The rally could be accelerated in the coming days as more and more strong hands are expected to join the ecosystem. At some point in the next 5 years, the price could go well above $ 3800-4500.
Historical market sentiments
2020
KSM price started at around $ 1.5 in early 2020 and remained silent until it rose massively in the last week of August 2020. Trading volume increased during the time that helped the token register its all-time high of $ 60.04 on September 03, 2020.
Unfortunately, it fell nearly 50 percent within days of hitting the ATH, but it stayed above $ 25. However, the price regained its upward trend and reinforced the upward trend in November by triggering an upward trend. Eventually the price surpassed the ATH and rebounded high to close annual trading around $ 71.96.
FAQ
Is KSM a Good Investment?
According to the analyst, KSM can be viewed as a long-term profitable investment with a decent ROI
Where do I buy / sell / exchange KSM coins?
KSM coins can be bought on leading exchanges like Binance, Kraken, etc.
Is KSM on Coinbase?
No, KSM is not yet listed on Coinbase.
Can I bet KSM coins?
Yes, you can use your KSM coins.
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