The connection between society and innovation has weakened where huge substances regularly stretch and violate their position. Kusama is a scalable network of specific blockchains constructed utilizing Substrate and almost the equivalent codebase as Polkadot. Hence, it shares the same white paper as Polkadot. The organization is a trial advancement climate for groups who need to move quickly and improve on Kusama or prepare for deployment on Polkadot. The important use case of Kusama is to work with testing.
Kusama endeavors to give developers greater adaptability while they conclude the design of their Polkadot projects. Thus, Kusama offers looser principles than Polkadot, including less strict administration boundaries. It is a community-driven project that offers unique and innovative plans and benefits. Kusama token (KSM) holders can utilize the token to Bond to the network to validate transactions or launch a parachain, pay for the transaction and messaging fees, and vote on administration proposals or nominate validators into the capped validator set. Kusama uses Nominated Proof-of-Stake (NPoS), comprising the roles of validators and nominators, to maximize chain security.
This article will inform you more about Kusama (KSM), giving you a detailed fundamental analysis, upcoming features of the Kusama network, and tokenomics.
Along with this, this article will provide you with the price prediction given by the market experts and Crypto Academy to make it easy for you to make investment decisions. In the end, there will be a step-by-step guide to purchasing KSM.
Kusama (KSM) Fundamental Analysis
Kusama was established in 2019 by Gavin Wood, organizer of Polkadot and fellow benefactor and previous CTO of Ethereum. The project utilizes two sorts of blockchains – a primary network, called a relay chain, where transactions are super durable, and client-generated networks, called parachains. Parachains can be modified for any utilization and influence the primary relay chain for security. A likely benefit of starting a venture on Kusama is that it permits Polkadot projects to build a user base and gain traction in the community before the official launch. While other blockchain networks permit designers to assemble Dapps utilizing brilliant agreements, Kusama gives them full command over the basic blockchain itself. This adaptability provides parachain designers the most extreme opportunity to upgrade for clear use cases, which implies better and safer Dapps and services for all.
Kusama has several benefits over other blockchain networks. Kusama’s risk-taking and nimble attitude permit developers to move quickly through the administration and overhaul process, empowering fast advancement and development. It also offers fewer economic barriers.
Moreover, Kusama is possessed and administered by community network participants who vote on and control the organization’s development. Hence in Kusama, you have a voice, and you can transform the development of the network. Interpolaribility and customization in Kusama free developers from the siloes created by legacy blockchain networks. With Substrate, developers can build their app-specific blockchain and connect it to Kusama.
The auto-invest feature is the highlight of the KSM starter compared to other IDO projects on the market. It allows users to stake stable coins to automatically register for the next IDO offerings without going through allocation registration steps again. IDO participants are incentivized with a higher allocation win rate by holding any previous IDO tokens. It has launched a tier system to benefit users based on their staking.
Kusama (KSM) is a native token of the Kusama Network, which, in turn, is an experimental version of Polkadot. Polkadot’s DOT token holders can obtain KSM. Kusama is aligned with DOT holders and the Polkadot community. Any user who holds DOT is automatically entitled to receive the same amount in KSM from the Kusama network.
Kusama has a partnership with Chainflow Capital, Dutch Crypto Investors, Space Capitals, GFS Ventures, etc.
Roadmap
Kusama has distributed its roadmap into eight significant milestones that starts introducing the project to the world, starting the distribution of tokens through private and public sales, and listing the KSM token on several exchanges to finalize the development of KSM by completing the auto-invest feature, and launch IDO with the KSM starter project in the third quarter of 2021, which they have achieved so far.
However, the network has yet to work on the development of a decentralized governance feature and to integrate the network to a substrate, and deploy it on multichain. Currently, it is in the phase of parachain rollout, which will support the multichain architecture of the network. Once parachains are live, the Kusama network will determine which additional features and network upgrades should be added over time.
Tokenomics
KSM is the governance token of Kusama, which has a total supply of 8,865,000 tokens. Out of the total supply of tokens, 20% of the tokens are utilized in teams and marketing. From the remaining 80%, they have reserved 4.5% for advisors and 33.5% for private sales. Kusama network has designed allocation of tokens so that together 37% is allocated to community incentives promoting the game through rewards and seed sale. However, 3% of the token is also allocated for public sale (IDO). The remaining 12% of the supply will be distributed into float liquidity and liquidity.
Kusama (KSM) Price Analysis
According to market price analysis, the price of Kusama (KSM) is $168, which has shown a dip of 6%. Ranking at number 66, KSM has a market cap of $1.4 billion. However, it has a maximum supply of 10,000,000 coins, and the market circulation supply is 8.9 million KSM.
Coingecko informs that the all-time low value of KSM is $0.876 in 2020. KSM reached its all-time price of $621 on May 2021.
This remarkable increase in the worth of the KSM token indicates a bright future for KSM, especially from an investment point of view.
Rank: 230
Crypto Academy Kusama (KSM) Price Prediction 2022
| Month | Minimum Price | Average Price | Maximum Price |
| January | $154 | $169.5 | $185 |
| February | $199 | $245.8 | $289.19 |
| March | $308 | $362 | $417.73 |
| April | $286 | $340.71 | $394.16 |
| May | $286.7 | $339.16 | $393.30 |
| June | $258.59 | $310.29 | $366 |
| July | $263.62 | $319.60 | $377.07 |
| August | $338.18 | $398.7 | $463.54 |
| September | $344.6 | $405.7 | $471.89 |
| October | $370.70 | $434.07 | $504.33 |
| November | $373.56 | $442.15 | $515.13 |
| December | $390.33 | $455.66 | $532.7 |
Kusama (KSM) Price Prediction January, 2022
In January 2022, the minimum price of KSM might be $154, and the maximum price can be around $185, with an average trading price might be $169.5.
Kusama (KSM) Price Prediction February 2022
In February 2022, the minimum price of KSM might be $199, and the maximum price can be around $289, with an average trading price might be $245.
Kusama (KSM) Price Prediction March 2022
In March 2022, the minimum price of KSM might be $308, and the maximum price can be around $417, with an average trading price might be $362.
Kusama (KSM) Price Prediction April 2022
In April 2022, the minimum price of KSM might be $286, and the maximum price can be around $394, with an average trading price might be $340.
Kusama (KSM) Price Prediction May 2022
In May 2022, the minimum price of KSM might be $286, and the maximum price can be around $393, with an average trading price might be $339.
Kusama (KSM) Price Prediction June 2022
In June 2022, the minimum price of KSM might be $258, and the maximum price can be around $366, with an average trading price might be $310.
Kusama (KSM) Price Prediction July 2022
In July 2022, the minimum price of KSM might be $263, and the maximum price can be around $377, with an average trading price might be $319.
Kusama (KSM) Price Prediction August 2022
In August 2022, the minimum price of KSM might be $338, and the maximum price can be around $463, with an average trading price might be $398.
Kusama (KSM) Price Prediction September 2022
In September 2022, the minimum price of KSM might be $344, and the maximum price can be around $471, with an average trading price might be $405.
Kusama (KSM) Price Prediction October 2022
In October 2022, the minimum price of KSM might be $370, and the maximum price can be around $504, with an average trading price might be $434.
Kusama (KSM) Price Prediction November 2022
In August 2022, the minimum price of KSM might be $373, and the maximum price can be around $515, with an average trading price might be $442.
Kusama (KSM) Price Prediction December 2022
In August 2022, the minimum price of KSM might be $390, and the maximum price can be around $532, with an average trading price might be $455.
Kusama (KSM) Price Prediction 2022 Q1
In the first quarter of 2022, our experts expect a sudden increase in the prices of KSM. Hence, the price of KSM might be as high as $297 in March of 2022 but could be as low as $220 with an average price of $259.
Kusama (KSM) Price Prediction 2022 Q2
In the second quarter of 2022, the price of KSM can touch the maximum level of $384.48 and a minimum of $277 under unfavorable conditions at the end of the second quarter. However, the average price of KSM might be around $330
Kusama (KSM) Price Prediction 2022 Q3
By stepping further in the development of a network, the price of KSM can increase up to $437.5. However, as digital currency is highly volatile so, under unfavorable conditions, the minimum price could be $315.46. Therefore, the average price of KSM during the third quarter of 2022 can be $374.
Kusama (KSM) Price Prediction 2022 Q4
By the end of the fourth quarter, we expect the price worth of KSM to increase by the end of the year. As a result, the maximum price of Kusama could reach $517.38. However, during the last quarter of the year, the average price is estimated to be $443.96, with a minimum price to be $378.
Crypto Academy Kusama (KSM) Price Prediction 2023, 2024, 2025, 2026
Kusama (KSM) Price Prediction 2023
The experts of Crypto academy predict that in 2023 KSM can cross $1000. They expect KSM to reach the maximum price of $1,020 with an average of $889 during the year. However, even the minimum purchasing price of KSM in 2023 might be $771.
Kusama (KSM) Price Prediction 2024
As per current developments and market prices, it is expected that Kusama might get more integrations that can further increase the worth of KSM. Our experts predict that the average trading price of KSM by the end of the year can be around $1,454. However, the maximum trading price might reach $1,676. If not this high, then the minimum price of KSM can be around $1,256.
Kusama (KSM) Price Prediction 2025
The price of KSM might grow exponentially in the upcoming years. As per our findings, the maximum trading price of Kusama by the end of 2025 can be $2,459 with an average of $2,139. However, the minimum trading price this year might be $1,767.
Kusama (KSM) Price Prediction 2026
Kusama has shown a positive sign. By the end of 2026 average trading price of KSM is estimated to be $3,436. However, the average and minimum trading prices can be around $2.973 and $2,562, respectively.
Kusama (KSM) Market Price Prediction
Here are what experts think about the future prices of Kusama (KSM).
Wallet Investor
Wallet Investor predicts the bright future of Kusama (KSM). According to them, the cost of one KSM can be $450 within one year. They expect a high revenue from a five-year investment in KSM. Their five-year prediction indicates that KSM can reach a high of $1,743.
Price Prediction.net
Price Prediction.net expects Kusama (KSM) to cross the average $232 by the end of 2022. They have given price predictions for five years. By the end of 2026, KSM might reach a high of $1,301. Based on the forecast, it is encouraged to invest in KSM.
Gov.Capital
Gov.Capital has also given a five-year prediction for KSM. Based on their research and historical data analysis, the price of KSM can reach as high as $7,266 by 2026. Based on their predictions, they consider KSM to be a highly profitable investment and expect a drastic increase in the prices of KSM in upcoming years.
How to buy Kusama (KSM)?
Step 1: Create an Exchange account
The first step is to open an exchange account, such as Uphold.com, Coinbase, or Binance, in order to purchase another cryptocurrency. Every exchange has its own set of policies and rates. In the case of Binance, you must first download and sign up for the app. Then, you can complete your transaction by presenting a valid ID and proof of address. The time it takes to verify might vary depending on where you go, but it usually takes a few minutes.
Step 2: Fund Account With Crypto
After registering, purchase BTC with fiat money. You may enter the payment method here. You have the option of using a credit/debit card or a bank transfer. A bank transfer is a less expensive means of payment. After you’ve configured it, click the trade icon, select Bitcoin (BTC), and finalize the transaction.
Step 3: Register on Altcoin Exchange
Because KSM is an altcoin, you must first transfer BTC to an exchange before you can trade it. Bittrex is a well-known exchange for trading cryptocurrencies. Set up 2FA authentication to increase the security of your account.
Step 4: Deposit BTC on Altcoin exchange
If you have finished setting up your new trading account on one of the Kusama (KSM) exchanges, you will need to transfer your BTC from Binance to that exchange. This is accomplished through the use of a wallet mechanism. Return to Binance after copying the deposit address. Look for BTC in the list and click the “Withdraw” button on the right.
Then, insert the deposit address from the other exchange and choose BTC as the transfer network. Then, input the amount you’d want to take out. Finally, to initiate the withdrawal procedure, click the Submit button after you’ve completed the steps above.
Step 5: Buy KSM
Return to Bittrex and then to the “Market” section. Look for the BTC/KMS combination by typing KSM. Select the “Market” option and use the percentage buttons to write in the amount you wish to spend on purchases. After you’ve double-checked your information, click “Buy KSM.”
Frequently Asked Questions
Is it possible to buy Kusama with cash?
No, you cannot buy Kusama with cash because there is no way you can directly buy it with cash. But you can buy KSM using marketplaces such as gate.io, uphold.com, etc., and complete the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
Is Kusama a profitable Investment?
Based on our assessment and prediction, Kusama shows a positive trend and has a bright future concerning price and investment. Crypto Academy experts and market analysts expect a drastic increase in the prices of KMS. Hence, Kusama is indicated to be a profitable investment.
Will Kusama reach $1000?
Our forecast forecasts that Kusama can touch the price of $1000 in one year.
Takeaways
- Kusama is a scalable network of specific blockchains constructed utilizing Substrate and almost the equivalent codebase as Polkadot.
- KSM holders can utilize the token to Bond to the network to validate transactions or launch a parachain, pay for the transaction and messaging fees, and vote on administration proposals or nominate validators into the capped validator set.
- Kusama uses Nominated Proof-of-Stake (NPoS), comprising the roles of validators and nominators, to maximize chain security.
- Any user who holds DOT is automatically entitled to receive the same amount in KSM from the Kusama network.
- Kusama network aims to develop decentralized governance features and integrate the network to substrate and deploy it on multichain.
- The price of KSM is predicted to increase in the coming years.
- As per experts’ analysis, Kusama is a profitable investment.