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 Price Prediction: Is KSM Better than DOT?
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Table of Contents
Kusama Fundamental Analysis
Project name
Kusama
Stock Symbol
KSM
Current Price
32.28225
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.
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 2023
As for Kusama price predictions for 2023, there are divergent opinions. PricePrediction.net expects a downturn towards $8.070563, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about Kusama’s future price, citing upwards of $46.48644 in December.
Potential ROI:
-44%
Sell
Kusama Price Prediction for 2024
In their Kusama price predictions for 2024, PricePrediction.net’s forecasts the coin’s price to go above $51.6516 by December. Forecasting Kusama's future, WalletInvestor expects further growth, too, saying the Kusama price will reach ~$58.753695 by that time. On the contrary, TradingBeast keeps predicting Kusama price decline, quoting prices around ~$0 in 2024.
Potential ROI:
14%
Buy
Kusama Price Prediction for 2025
The experts are unanimous in their Kusama price forecasts for 2025 — everybody expects Kusama’s price to drop down by the end of that year. WalletInvestor predicts the price to fall, reaching $30.99096. According to TradingBeast’s research, Kusama’s price can drop down to $0. PricePrediction.net’s forecast is also not so positive: its analysts hold the view that by 2025 Kusama’s price will be about $27.11709.
Potential ROI:
-40%
Sell
Kusama Price Prediction for 2026
Both WalletInvestor and TradingBeast doubt that the Kusama market will grow in 2026, predicting the price drop to $26.471445 and $0 by the end of the year respectively. Other Kusama price forecasts support the idea: PricePrediction.net forecasts Kusama to fall down to $20.66064 by December 2026.
Potential ROI:
-51%
Sell
Kusama Price Prediction for 2030
Speaking of long-term Kusama price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that Kusama price will grow further and eventually reach $36.801765 by the end of the decade. WalletInvestor’s price prediction for Kusama echoes with the projection of an uptrend to $39.061522. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.
Potential ROI:
-22%
Sell
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.
