Kusama is popularly known as ‘Polkadot’s Wild cousin’ was initially launched as an experimental, unaudited version prior to Polkadot. It aims to provide a platform for the developers to build and deploy para chains. It also enables us to try out Polkadot’s governance token like staking, nomination, and validation functionality in a real environment.
Currently, Kusama is among the leading cryptos that are looked upon as an asset that will provide pretty good gains in the future. Among all the other marketplaces, Binance Futures records the highest volume, more than $50 million every day.
Kusama Coin attained the spotlight when the ‘canary network’ tripled its price in just a month. The platform which was rolled out as an experimental, unaudited and a trial network is now worth more than $300 million.
Table of contents
|Price(At the Press time)||$582.26|
|Circulating Supply||8,470,098.06 KSM|
|All Time High||$614.64 (May 15, 2021)|
|All Time Low||$0.9143 (January 14, 2020)|
What is Kusama(KSM)?
Kusama Coin is a decentralized form of digital asset or cryptocurrency. It’s basically a network built as a risk-taking, fast-moving, canary network for its cousin Polkadot. The platform enables the developers to spark their innovation and disrupt the status quo.
Kusama was founded by Gavin Wood in 2019 who is the founder of Polkadot and former CTO of Ethereum under the Web3 foundation.
Kusama is a scalable network of blockchain using a similar code as Polkadot. The team who wants to move fast or prepare for deployment on Polkadot can conduct their experiments on the Kusama platform.
The basic features possessed by Kusama includes,
- Fast Iteration
Kusama has the potential to repeat the process at a greater speed with low-risk so that the developers can move swiftly through the governance and upgrade process.
The platform is a great opportunity for the start up’s who might face low economic barriers.
- Advanced Technology
Kusama is built on the most advanced, next-gen, shraded, multichain network.
- Open Governance
Kusama is owned and governed by a community of network participants who vote on and control the network.
KSM Price Prediction 2021
KSM price initiated the yearly trade with a bullish note, yet with slightly less than that of the previous year close around $69. Later the price crossed $100 levels and soared high to smash above $200 in mid of February. The price kept on surging and hit the milestone at $500 by the end of march. Keeping the bullish momentum intact, the price raised high and soared above $600 in May, yet experienced a slight pullback.
The platform is expected to come up with many interesting upgrades aiming for a better crypto ecosystem. And hence an extreme bullish market sentiment and upcoming upgrades, the KSM price may reach the milestone at $1000 by the end of 2021.
KSM Price Prediction 2022
The price may initiate 2022 trade with the price trading around $750 to $920. However, the price may keep surging high throughout 2022 and eventually head strongly towards $1500. In an extreme bullish trend, the price may even hit $2000 too. On the contrary, if the price experiences a plunge, it might trade around $800 to $1200 by the end of 2022.
Price Prediction For The Next 5 Years
The blockchain in the coming days may give a tough competition for many other blockchains. In such a case the price may have a splendid rally and head strongly towards $10000 too. However with enough bullish momentum and market sentiments with the developments in the ecosystem, KSM price may reach $7500 to $8200 by the end of 2025.
KSM Market Price Prediction
As per the analyst of Wallinvestor.com, the KSM coin is expected to jump to $1524.9 in the coming year and rally hard to reach $5790.44 by 2026.
The gov.capital analyst predicts a major bull rally for the coin. The KSM coin may hit $923 to $1061 by the end of 2021 and $8295 to $9539 by the end of 2025.
The analyst associated with Digitalcoinprice.com has also forecast a price that forecast $906.39 levels by the end of 2021 and $1732 levels by the end of 2025.
Our KSM Price Prediction
The KSM price has showcased a strengthened rally and hence considering the previous price movements and the indicators, the KSM price may reach $850 to $930 levels by the end of 2021.
The rally may be more accelerated in the coming days, as more and more strong hands are expected to join the ecosystem. Eventually in the next 5 years, the price may leap long to reach above $3800 to $4500 levels.
Historical Market Sentiments
KSM price initiated with approximately $1.5 somewhere at the beginning of 2020 and remained silent until it shot up massively in the last week of August 2020. The trading volume spiked during the time which assisted the token to register its all-time high of $60.04 on Sep 03, 2020.
Woefully, it dipped almost 50 percent within a few days of achieving the ATH, yet maintain above $25. However, the price regained bullish momentum and intensified bull run in November by initiating an uptrend. Eventually, the price surpassed the ATH and rallied high to close the yearly trade around $71.96.
As per analyst, KSM can be considered as a long term profitable investment that has a decent ROI
KSM coins can be purchased on the leading exchanges like Binance, Kraken, etc
No, KSM is not yet listed on coinbase.
Yes, you can stake your KSM coins.