in

Kusama Coin Prediction-Will KSM Price Rally in 2021?

Kusama Coin Prediction-Will KSM Price Rally in 2021?


The year 2021 is marked as the legendary year for many altcoins. One such altcoin to quickly gain the crowd’s attention with unique functionality is Kusama.

Kusama is popularly known as ‘Polkadot’s Wild cousin’ and was initially launched as an experimental, unaudited version prior to Polkadot. It aims to provide a platform for developers to build and deploy parachains. It also enables us to try out Polkadot’s governance tokens like staking, nomination, and validation functionality in a real environment.

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 trial network is now worth more than a $300 million market cap. 

As an investor want to know more about its fundamentals, collaborations, price trends, and upcoming events?  Then, you are in the right place. This Kusama price prediction article will give you brief insights about KSM Price Prediction for 2021 and beyond, the Latest buzz, and more! So, let’s dive and discover the world of Kusama.

Overview

Cryptocurrency Kusama
Token KSM
Price $ 0.0000
Market cap $ 0.0000
Circulating Supply $ 0.0000
Trading Volume  $ 198,739,682.0000
All time high $ 0.0000     January 1, 1970
All time low $ 0.0000     January 1, 1970

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 that wants to move fast or prepare for deployment on Polkadot can conduct their experiments on the Kusama platform.

Fundamental Analysis:

Kusama is a scalable, multichain, and Canary network of Polkadot. Kusama network is an experimental protocol for teams who wish to move fast and renovate on Kusama. Find below the groundbreaking features of Kusama. 

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.

Cost-Effective: The platform is a great opportunity for 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. 

Also Read : Cardano Price Prediction, Will ADA Price Hit $10 in 2021?

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.The KSM price kept on surging and hit the milestone at $500 by the end of March. Keeping the bullish momentum intact, the price raised high to hit ATH $673.75 on May 18th, yet experienced a slight pullback after the market crash on the very next day. 

The KSM price failed to rebound and dipped to $148.85 on 20th July 2021. Followed by the parachain auction KSM price surpassed $400 in September. The recent economic turmoil coming out of the Chinese market impacted the altcoin as a result plunged back to $341.50 on September 23rd, 2021. 

The platform is expected to come up with many interesting upgrades aiming for a better crypto ecosystem. And hence an extremely bullish market sentiment and upcoming upgrades, the KSM price may reach the milestone between $750 to $900 by the end of 2021.

With average buy and sell pressures, the KSM price is expected to reach $495.852 at the press time. The price may dip well below the $300 support level in case of failure in the upgrades or if the market sentiments don’t permit it to grow.

KSM Price Prediction 2022

The price may initiate a 2022 trade with the price trading around $750 to $900. However, the price may keep surging high throughout 2022 and eventually head strongly towards $1200. In an extremely bullish trend, the price may even hit $1500 too. On the contrary, if the price experiences a plunge, it might trade around $800 to $1200 by the end of 2022.

Kusama 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 walletinvestor predictions, KSM price is forecasted to hit a maximum price of $565.157, minimum it would flip to $340.372. The token is expected to trade at an average price of $458.803. Walletinvestor anticipates KSM to trade at an average price of 1559.450. And maximum price expected is $1707.11, minimum it would plunge back to $1413.660 by 2025.

The analyst associated with Digitalcoinprice.com has also forecast a price that forecasts $525.56 levels by the end of 2021 and $1004.38 levels by the end of 2025.

According to Gov.capital Kusama (KSM) price is forecasted to hit a maximum price of $568.192, minimum it would drop to $419.968. The token is expected to trade at an average price of $494.080. Gov.capital predicts KSM to trade at an average price of $7736 by 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

2020

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.

FAQ

Is KSM a good investment?

As per analyst, KSM can be considered as a long term profitable investment that has a decent ROI

Where do I buy/sell/trade KSM coins?

KSM coins can be purchased on the leading exchanges like Binance, Kraken, etc

Is KSM on Coinbase?

No, KSM is not yet listed on coinbase.

Can I stake KSM coins?

Yes, you can stake your KSM coins.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Partying with Snoop, Sep 2021

Snoop Dogg Parties on Metaverse with NFTs – Trustnodes

Central bank of Ukraine to promote ‘fair’ Bitcoin regulation