With the recent comeback of buyers in the market, the altcoin could witness a reversal rally to set ablaze a bull run. As the chances of a new all-time high are increasing, the KSM price could be a worthy investment. So, checkout our Kusama price prediction NOW!
Kusama is popularly known as ‘Polkadot’s canary chain. And was initially launched as an experimental, unaudited version prior to Polkadot. The network 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.
Table of contents
Market Top Gainer
Kusama attained the limelight when its native token KSM tripled its price in just a month. The platform which was rolled out as a pilot project is now worth more than $369 Million in market cap. As an investor, are you keen on its fundamentals, collaborations, price trends, and future prospects? Look no further, as this write-up will host the plausible KSM price prediction for 2024 and the years to come.
Overview
| Cryptocurrency | Kusama |
| Token | KSM |
| Price | $ 43.62540265
-12.22% |
| Market cap | $ 369,511,438.2512 |
| Circulating Supply | 8,470,098.0573 |
| Trading Volume | $ 36,121,544.2720 |
| All-time high | – |
| All-time low | – |
| 24 High | $ 50.3300 |
| 24 Low | $ 42.7800 |
KSM Price Forecast For 2024
The Kusuma could attract newer investors and adoptions, with its offerings such as custom blockchain and parachains. Wherefore, the price of the digital coin could surge to a maximum of $144.248, by the end of 2023. In contrast, if the canary network fails to adhere to its expectations, the price could crumple to $24.083. Successively, an equilibrium in buying and selling pressures could settle the price at $102.942.
KSM Price Prediction For 2025
If the crew behind Kusama and Polkadot roll out new parachains and strive towards interoperability and Web3.0. The project could take strides toward the spotlight again. In such a scenario, KSM’s price could take flight to $212.611 by the end of 2025. On the other hand, the absence of promotions might slump the price to $116.776. Collectively, the regular price could land at $116.776.
KSM Price Prediction 2026-2030
| Year | Potential Low | Average Price | Potential High |
|---|---|---|---|
| 2024 | $24.083 | $102.942 | $144.248 |
| 2025 | $116.776 | $164.693 | $212.611 |
| 2026 | $177.331 | $263.599 | $329.076 |
| 2027 | $260.09 | $406.07 | $491.31 |
| 2028 | $381.48 | $625.55 | $733.53 |
| 2029 | $559.51 | $963.66 | $1095.17 |
| 2030 | $820.64 | $1484.51 | $1635.09 |
Kusama Price Prediction For 2026
Kusama in the coming days holds the potential to give a tough fight to other blockchains. In such a case the price may pose a splendid rally, with substantial bullish momentum, market sentiments, and developments in the ecosystem. KSM price may reach a maximum of $329.076, by the end of 2026.
Conversely, emerging rivals and ebbing market stance could plunge the price to $177.331. Collectively, considering the bullish and bearish targets, the average price might land at $263.599 by the end of 2026.
- Kusama Price Prediction 2027: Anticipated prices range from $260.09 to $491.31, with an average price of $406.07.
- Kusama Price Prediction 2028: Projections indicate prices ranging from $381.48 to $733.53, with an average of $625.55.
- Kusama Price Prediction 2029: The potential price for the asset ranges from $559.51 to $1095.17, with an average price of $963.66.
- Kusama Price Prediction 2030: The projected prices vary between $820.64 and $1635.09, with an average of $1484.51.
What Does The Market Say?
Digital Coin Price:
As per the firm’s KSM price prediction, the altcoin is anticipated to surge to a maximum of $66.25 by the end of 2024. Whilst a reversal in trends is believed to hinder the price projections to the minimum of $57.91. That said, a balance in buying and selling pressures could land the price at $61.96. The analysts from the firm have set the maximum closing target for 2025 at $100.19.
Priceprediction.net:
According to the website, the digital token is foreseen to soar as high as $102.79 by the end of 2024. The analysts from the company have pinned the minimum and average closing targets for the year at $88.04 and $90.85. Priceprediction.net also hosts the Kusama price prediction for the long term. Accordingly, the KSM price is foreseen to hit a maximum of $329.83 by the end of 2025.
Trading Beasts:
Trading Beats expects the KSM price to attain a pricier tag of $54.356 by the end of the ongoing year. The forecast has set the minimum and average closing targets for the year at $46.203 and $54.356 respectively. The prediction firm foresees the digital asset to hit a maximum of $127.576 by the end of 2025.
What Is Kusama (KSM)?
Kusama Coin is a decentralized form of digital asset or cryptocurrency. It is 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 also the founder of Polkadot. And the former CTO of Ethereum under the web3 foundation. Kusama Network is a scalable network of blockchain using a similar code as that of Polkadot. The team that wants to move fast or prepare for deployment on Polkadot can conduct their experiments on the Kusama platform.
The Polkadot codebase and Substrate were used to create the scalable network of specialized blockchains known as Kusama. Kusama Network offers quick and excellent services that are fast iteration, low economic barriers, advanced technology, open governance, engaged community, and user experience. The same groups who created Polkadot also created the Kusama Network, which makes use of almost identical software and development techniques. 2019 sees the launch of the Kusama Network by Ethereum co-founder and CTO Gavin Wood. Located in Switzerland is the business. Developers are released from the barriers produced by legacy blockchain networks due to Kusama, which unifies various blockchains into one shared network. The creation of a blockchain customized for an application by the developers and its connection to Kusama. A development environment for teams that wish to move quickly and create only on Kusama, the Kusama network employs the most cutting-edge technologies in the Polkadot ecosystem. Games & eSports, Messaging, DAO, Marketplaces, Oracles, Music, and Social Networking are some of the Kusama parachains and applications.
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 Kusama. Given below are 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, sharded, multichain network.
Open Governance: Kusama is owned and governed by a community of network participants who vote on and control the network.
Our KSM Price Prediction
Kusama with its stout fundamentals and correlation with Polkadot holds the potential to initiate a bull run. An impetus from big-money investors and notable collaborations could push the price to a maximum of $82 by the end of 2024. In contrast, prolonged dominance of the bears could sink the price to the lows of $58.
Historical Market Sentiments
2020
- KSM had initiated its trade at approximately $1.5 sometime at the beginning of 2020.
- The canary coin remained silent until it shot up massively by the last week of August.
- The trading volume spiked during the time which assisted the token to register its ATH of $60.04 on Sep 03rd.
- After a trek to the south, the altcoin regained its bullish momentum to a new ATH of $71.96 towards the year-end.
2021
- The digital asset had entered the year 2021, with a price tag of $64.8. And rallied close to 655% towards the end of Q1.
- Thereafter, the altcoin saw a major pullback to $289.3. A steady ascend from which, pushed the price to its ATH by mid of May.
- But the major crash in the business striked the price down to $165.4, by the 19th of May.
- It was on the 20th of July when an uptrend was recorded, which escorted the price to $453.1, by the 12th of September.
- A downtrend led to the annual closure at $282.3.
FAQs
A: Yes, KSM is a good investment, if considered for the long term. The fundamental traits of the protocol will eventually drive profitable returns.
A: Yes, one can stake your KSM coins.
A: The price of KSM could possibly surge to a maximum of $81.579, by the end of 2024.
A: According to our Kusama price prediction, the price of the altcoin, might surge as high as $329.076, by the end of 2025.
A: KSM coins can be purchased on the leading exchanges like Binance, Coinbase, Kraken, etc…
KSM
BINANCE
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed