Kusama (KSM) Coin Price Prediction – 2023, 2025, 2030
Kusama (KSM) Overview
|💱 Ticker Symbol||KSM|
|💸 Market Cap||$318,058,111|
|🚀 Trading Volume||$14,509,255|
|📈 Price Change (24h)||-0.17%|
|💰 Current Supply||8,470,098|
- Bullish Kusama (KSM) price predictions range between $168.98 and $319.18 by 2030.
- Market analysts believe KSM could reach $131.43 by 2025.
- Bearish Kusama market price prediction for 2023 is $30.04.
Kusama (KSM) Introduction
Polkadot’s Version of the Future Kusama is a canary network for Polkadot. Kusama is a testnet that allows developers to experiment with new features and changes before rolling out on Polkadot. Kusama will have all of the same upgrades as Polkadot, just sooner. This includes modifications or additions to the codebase, protocols, and governance mechanisms.
Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Because Kusama has almost the same codebase as Polkadot, it will be able to experience any issues or problems that might arise from new updates before Polkadot does. This way, any potential flaws can be identified and fixed before they cause major disruptions on Polkadot.
Additionally, because Kusama is governed by the same group of people who governPolkadat ( namely Web3 Foundation), any upgrades made to Kusamawill likely end up being made on Polkdot as well in due time — making it the perfect place to test out cutting-edge features that might eventually end up becoming mainstream!
What Is Kusama (KSM)?
KSM is the native cryptocurrency of the Kusama network. It is used to pay transaction fees and staking rewards and serves as collateral for parachains and democratic participation. In addition, KSM holders can vote on governance proposals through an on-chain referendum system.
Kusama is a scalable, interoperable blockchain platform that enables developers to build applications. The platform is based on the Polkadot protocol and uses a Proof-of-Stake consensus mechanism. Kusama also features on-chain governance, allowing users to vote on proposals and make decisions about the future of the network.
The Kusama network was launched in 2019 and is currently in its early stages of development. The team behind the project is focused on building a robust ecosystem of applications and services. The long-term goal is to create a decentralized internet that gives users control over their data and privacy.
What Makes Kusama Unique?
Kusama is designed for developers who want to launch ambitious projects with a fast-evolving pace of development. What makes Kusama unique is its focus on giving developers the tools they need to succeed. This includes features such as an easy-to-use programming language, smart contract functionality, and support for cross-chain interactions. In addition, Kusama also has a strong community of enthusiasts and developers who are dedicated to helping others succeed.
What distinguishes Kusama from other blockchains is its multichain, heterogeneously-sharded design. Rather than using the proof-of-work consensus mechanism, which is energy-intensive, Kusama employs a nominated proof-of-stake system. This allows it to be more efficient and scalable than other blockchains.
One of the unique features of Kusama is its on-chain upgradeability. This means that the network can be upgraded without needing a hard fork, making it much easier to test new features and upgrades. Additionally, Kusama supports cross-chain message passing (XCMP), which allows communication with other parachains on the network. This makes it an ideal platform for developers experimenting with Polkadot’s various features.
Another advantage of Kusama is that it is powered by DOTs, which are the native currency of Polkadot. This provides additional security for users as DOTs have been battle-tested on the mainnet. Additionally, DOTs give users access to Polkadot’s features, including staking, voting, and governance.
Overall, Kusama provides a unique opportunity for developers and early adopters to experiment with Polkadot’s various features in a safe and secure environment.
Kusama (KSM) Technical Analysis
The Kusama network is a decentralized platform that enables users to build and run scalable, resilient, and interoperable blockchain applications. It is built on the Polkadot relay chain technology and uses Parachains for scalability. In addition, it also uses parachains for scalability. These three components make Kusama one of the most powerful platforms available today. While many blockchains struggle with issues such as scalability and interoperability, Kusama has been designed from the ground up to address these challenges.
The project raised over $140 million, selling 10,000,000 KSM tokens in just a few hours. The traders’ purchase trend brought it to $65 by the end of 2020. Kusama’s successful ICO shows a tremendous demand for scalable and interoperable blockchain platforms like Kusama blockchain. With its innovative design, Kusama is well-positioned to become the leading platform in this space.
The coin was created by the team behind the popular cryptocurrency, Polkadot. The Kusama coin is unique in that it offers a way for users to test out new ideas and projects on a Polkadot-like network without worrying about the stability of the mainnet. The price of the Kusama coin has seen a significant surge in momentum since the beginning of this year. This price change has caused many investors to take notice of the project and its potential.
Kusama (KSM) Current Price
Kusama is currently worth $37.55 USD. KSM has moved -0.17% in the last 24 hours with a trading volume of $14,509,255. Kusama is currently ranked 121 amongst all cryptocurrencies with a market capitalization of $318,058,111 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Kusama (KSM) to decide wether it is going to have a bullish or bearish year.
Kusama (KSM) Price Predictions
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Kusama (KSM) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Kusama (KSM) Price Prediction 2023
Kusama, according to some, is one of the most amazing cryptocurrencies to rise this year (KSM). The KSM price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $56.33.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $52.57 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. KSM is expected to have a minimum value of $45.06.
Kusama (KSM) Price Prediction 2024
In 2024, Kusama KSM price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of KSM will soon surpass $93.88. However, we should wait to see if the KSM’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, KSM will trade with a minimum trading price of $75.10 and an average trading price of $82.61.
Kusama (KSM) Price Prediction 2025
If the upward trend continues until 2025, it could reach $131.43 and KSM may profit. If the market experiences a decline, the goal may not be met. KSM is expected to trade at an average price of $120.16 and a low of $112.65 in 2025.
Kusama (KSM) Price Prediction 2026
If Kusama successfully boosts market sentiment among cryptocurrency enthusiasts, the KSM coin price could remain stable for the next five years.
According to our projections, KSM will be green in 2026. The KSM is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $168.98, with a minimum price of $150.20 and an average price of $157.71.
Kusama (KSM) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the KSM price is expected to cross an average price level of $195.26 by 2027, with a minimum price of $187.75 expected before the end of the year. Furthermore, KSM has a maximum price value of $206.53.
Kusama (KSM) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $232.81. If KSM manages to break the resistant level in 2028, we could see a maximum price of $244.08, failing to gather the support KSM needs by 2028 could result in a low of $225.30.
Kusama (KSM) Price Prediction 2029
While KSM is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $262.85 and a yearly price close above $281.63 in 2029.
Kusama (KSM) Price Prediction 2030
By 2030, Kusama will finally surpass its previous ATH values and record new price levels. The minimum price could be $300.41 and potentially reach a maximum price value of $319.18, averaging out at $307.92.
Kusama (KSM) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum KSM price in 2031 is projected to be $368.00 in the event of a bull run, with an average price level of $352.98.
Kusama is a cutting-edge crypto network that allows users to experiment with new technologies in a secure and decentralized environment. The native token of the Kusama network, KSM, is an integral part of the ecosystem and is used to promote stability and security.
The KSM token also provides holders with voting rights and governance power. The Kusama network is constantly evolving, and the KSM token plays a vital role in its continued success.
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What is the Kusama (KSM) price today?
Today, Kusama (KSM) is trading at $37.55 with a total market capitalization of $318,058,111.
Is Kusama a good investment?
Kusama proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that KSM is a good choice of investment.
How high can Kusama go?
The average price of Kusama (KSM) can possibly reach $52.57 this year. Over the next 5 years, it is projected that Kusama may surpass $244.08.
How much will Kusama be worth in 5 years?
Based on the rising popularity of cryptocurrency and Kusama, a long term investment in KSM could see the price rise to $244.08 within the next 5 years.
How much will Kusama be worth in 10 years?
If you invest in Kusama today, as with any investment, a long term increase is expected. The price of KSM could possibly rise to $476.89 within the next 10 years.
What will the Kusama price be in 2024?
Kusama (KSM) price is expected to reach $93.88 by 2024.
What will the Kusama price be in 2025?
Kusama (KSM) price is expected to reach $131.43 by 2025.
What will the Kusama price be in 2026?
Kusama (KSM) price is expected to reach $168.98 by 2026.
What will the Kusama price be in 2027?
Kusama (KSM) price is expected to reach $206.53 by 2027.
What will the Kusama price be in 2028?
Kusama (KSM) price is expected to reach $244.08 by 2028.
What will the Kusama price be in 2029?
Kusama (KSM) price is expected to reach $281.63 by 2029.
What will the Kusama price be in 2030?
Kusama (KSM) price is expected to reach $319.18 by 2030.
What will the Kusama price be in 2031?
Kusama (KSM) price is expected to reach $368.00 by 2031.