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Kusama Price Prediction: Is KSM Better than DOT?

With the growing competition in the crypto world, there appeared a spot for the projects pushing innovative development, allowing start-ups to try and deploy new projects. Kusama is a bold example of such a multi-chain network, launched for the experimenters. After the Kusama token performed extremely well during the bullish rally in 2021, it started to lose its gains in the crypto winter of 2022. Read our Kusama token price prediction to get to know about the token and what might happen to its value in the near future. 

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Kusama Fundamental Analysis

Project name
Kusama
Stock Symbol
KSM
Current Price
43.29
Current Supply
9651217.451262059
Official Website

Kusama is a scalable multi-chain network launched for radical innovations and early-stage Polkadot deployments. As stated on the official website, It offers “unprecedented interoperability and scalability” for blockchain developers who look for innovations and their own blockchain deployment. 

The Kusama network was built with a special development kit called Substrate, which was developed by Parity Technologies — the same company that launched Polkadot. As their codebase is very similar, Kusama also calls itself “the cousin of Polkadot”, but defines itself as a canary network. It can be used by developers as a testnet before launching on Polkadot. Though many projects after all decided to stay on Kusama. 

The platform was funded by grants from the Web3 Foundation which is interested in helping the projects that benefit the development of technologies in any way related to decentralized web software protocols. The Web 3 Foundation also helps Kusama with community development and research. 

The advantages of the network include low barrier entry for deploying the parachains and low bond requirements for the validators. It’s mainly preferred by developers who love to experiment and start-ups. 

Kusama is built on the multichain heterogeneously-sharded design. It uses a nominated Proof-of-Stake consensus mechanism that allows upgrading the chain in no time without forking it. It uses the network of nominators (stakers of the KMS coin), who elect nodes to participate in the validations of the transactions. Moreover, all the messages can be passed between the parachains so they can work together. 

Kusama offers a decentralized and permissionless on-chain governance, so every token holder is able to vote on possible governance proposals, for example, upcoming upgrades, requests, or changes in the protocol. The governance on Kusama is much faster than Polkadot offers, for instance, the voting and enactment period is only 15 days, which allows the projects on Kusama to develop much faster. 

KSM is a native token of the Kusama blockchain that also provides governance rights. It has a total supply of 10 million coins, but its max amount is undefined. Each year the team plans to release 10% of the new tokens to cope with the inflation. 

Kusama Live Price Chart

By the end of May 2021, the KSM token was completing its bullish period affected by the tendencies of the whole crypto market. On May 19 the price collapsed from $592 to $345 and from there continued in the downtrend. At the beginning of June it made an attempt to recover but after a brief rise to the level of $480-$510 it dropped even deeper hitting $181 on June 22. 

Till the beginning of August, the KMS coin price stayed at the bottom of the chart, bouncing between $236 and $148. But as the crypto market started to recover from the bears' domination, Kusama token price chart went up. On August 20 the asset was already trading for $345, and after a short correction went further to $402 and then $435 on September 12. 

On September 21 the price dropped to $305 but then went for the recovery as the market of altcoins was booming. It reached the culmination of $509 on November 7 and from that time KSM price chart started to decline. It lasted till the end of February 2022, when the token price stabilized at around $110.

As the market was showing the signals of flipping from bearish to bullish, the KSM price also went up but couldn’t break the resistance at $200. Till the beginning of May, it was in a moderate downtrend but since May 7 the token started to lose in price drastically and by May 12 it was traded for $72. 

Since the beginning of May, most of the assets in the crypto market were losing their gains. As the same goes for Kusama its price prediction was corrected and many analysts believe that the token price might fall even further. It might reach $30 by the end of May and finish the year trading around $20. 

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Kusama Technical Analysis

Despite the fact that 100% accurate technical analysis for Kusama cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated KSM buy-and-sell rating for selected timeframe. The summary for KSM/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Kusama Price Prediction

Below we have collected the most reliable price projections for Kusama (KSM) from popular forecast platforms.

Kusama Price Prediction for 2022

As of Kusama price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects an upturn towards $47.619, and TradingBeast echoes with ~$48.932 by the year’s end. Other experts, for example, from PricePrediction.net, are more pessimistic about Kusama’s future price, citing numbers downwards of $8.2251 in December.
Potential ROI: -19% Sell

Kusama Price Prediction for 2023

According to PricePrediction.net, in 2023 Kusama investors should expect price growth to $77.0562, which seems a good reason to consider Kusama as an investment option. TradingBeast, in turn, predicts the price increasing to $57.297, and WalletInvestor agrees with a predicted growth to $63.6363.
Potential ROI: 52% Buy

Kusama Price Prediction for 2024

The experts are unanimous in their Kusama price forecasts for 2024 — everybody expects Kusama’s price to grow by the end of that year. PricePrediction.net predicts the price growth reaching $56.7099. According to TradingBeast’s research, Kusama’s price can go up to $77.708. WalletInvestor’s forecast is also positive: its analysts hold the view that by 2024 Kusama’s price will be about $71.8614.
Potential ROI: 59% Buy

Kusama Price Prediction for 2025

WalletInvestor has only optimism in store for the 2025 Kusama price prediction, valuing Kusama at $47.1861 by the end of 2025. TradingBeast agrees with a positive forecast and predicts, in turn, $95.161 for the same period. On the other hand, PricePrediction.net’s team is more pessimistic — their Kusama price prediction for December of this year is just $19.9134.
Potential ROI: 25% Buy

Kusama Price Prediction for 2030

Speaking of long-term Kusama price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Kusama price will grow further and eventually reach $73.593 by the end of the decade. TradingBeast’s price prediction for Kusama echoes with the projection of an uptrend to $169.38658. Despite this, PricePrediction.net’s vision remains not so positive, promising a downfall to $30.7359.
Potential ROI: 111% Buy
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Summary

As it can be clear from the analysis cited above, Kusama (KSM) projections are rather contradictory. There is no universal consensus either about positive or negative future KSM price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Kusama projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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