Do you want to invest in a coin that holds great promise for the future? Kusama Coin will suit your interest as it has great demand with many top investors still desirous of getting Kusama- parachain for their project.
About Kusama (KSM)
Kusama was established in 2016 by the creators of Polkadot, Gavin Wood, Peter Czaban, and Robert Habermeier. Starting from July 2019 everyone was entitled to Kusama if he/she held DOT indicator tokens at the time of Kusama’s genesis block.
The token sale for Polkadot, that is Kusama, was handled by the Web3 Foundation. Kusama was released by Web3 before DOT and opening at a price of $1.71 in December 2019.
Kusama was harmonized with the distribution of Polkadot such that qualified users who had purchased DOT before the release of Kusama were able to claim an equal amount of Kusama.
What is Kusama Coin?
Kusama is an open pre-production environment for Polkadot that runs on the original release of the Polkadot blockchain. It functions as a sandbox that allows any developer to test early versions of Polkadot projects in a suitable environment.
Kusama acts as a Canary Network which is a critical component of the DOT ecosystem and ensures that information and code releases to be carefully tested and vetted before being released to the public on Polkadot.
Kusama (KSM) is the native cryptocurrency of the Kusama Network (KSM), which is a canary network for Polkadot. This means that it serves as a nearly identical copy of the Polkadot blockchain to test new features before they are released on Polkadot.
The network’s native cryptocurrency, Kusama, is not an ERC20 token because it leverages on its own blockchain technology to manage the network.
Is Kusama Coin a Good Investment?
The Kusama price value is expected to continue to grow due to lower supply of the coin in the face of increasing demand. The long term investment plans in Kusama looks promising and attracting a favourable investment climate.
Statistics has shown that Kusama is undervalued in the crypto market when compared with Polkadot and this means that Kusama will make a solid investment. Kusama is also 4 times faster than Polkadot and it represents an integral part of the Polkadot project and Web 3.0. This is an enticing advantage.
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Analysts have predicted that Kusama will cross the $1000 mark during the next 10 years and this is supported by signs of bull. Of course, with growth prospect on the horizon we will conclude that Kusama is a good investment.
How to Buy Kusama Coin
You can buy Kusama with a credit or debit card on a crypto exchange like Coinbase or Coinmama. You need to create a Kusama wallet-account and get it approved before you can be allowed to buy.
The advantage is that you can buy Kusama with the Coinbase App anywhere Coinbase is available. The process of doing this is easily and secure.
Below is how you can buy Kusama with the Coinbase app, mostly for U.S residents.
Step 1: Create a Coinbase Account
Download the Coinbase App and proceed to the sign up requirement. To do this, you will need a valid national means of identification and may be asked for proof of address in order to complete the KYC protocol.
Step 2: Add a Payment Method
Tap on the payment method box and connect a payment method. You can use a bank account, debit card or any means approved by Coinbase.
Step 3: Start Trading
Click the trade point and then select “Buy” from the list of options. Search for Kusama from the list of Cryptos by typing “Kusama or KSM” into the search bar. Then click on Kusama to open up the purchase screen.
Step 4: Enter the Amount of Money You Want to Invest
Use the number pad/keyboard to key-in the amount you want to spend in your local currency. The app will automatically convert that into a Kusama amount.
Step 5: Confirm Your Purchase
Click on “Preview-Buy” when it pops up and you will see the details of your purchase. Make sure everything looks good and then confirm your purchase. And now you have bought Kusama Coin.
KUSAMA COIN PRICE FORECAST – 2022 to 2032
Kusama was launched in July 2019 and got indexed on coinmarketcap in December in which price surged from $1.72 to $66.70 in June 10, 2022.
KSM in bullish market was trading at price level of $500 to $600 USD, as token prices dipped below $100 USD in the market crash. However, many projects not feel safe to launch project in bear market because of fear index and low liquidity, so in future we could see Kusama will be make comeback.
Kusama Price Prediction 2022
The prediction relies on expert analysis of Kusama Coin historical price data using ARIMA. Crypto consumers are worried about the threat of ban and regulation from national governments.
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Kusama price is estimated to peak at $97.45 by the end of 2022. The price will drop to as low as $86.29. Given that it is expected to be held for long-term, its average price is projected to $91.87.
Kusama Price Prediction 2023
The market shows a bullish sign because there is still optimism that the currency will attract much more investors’ confidence.
The year 2023 is expected to end with a maximum price of $130.61 and a minimum price value of $114.15. The average price is projected at $122.38 all things being equal.
Kusama Price Prediction 2024
Due to the prevailing market dynamics, Kusama looks set to maintain its bullish state into the future.
In 2024, the price of Kusama coin is expected to be worth a maximum value of $185.84. The minimum price is expected to hit approximately $139.36 on a bullish curve. The average price is estimated at $162.6.
Kusama Price Prediction 2025
The coin’s prevailing price range will be attractive to investors and inspire many traders to invest. And with good crypto climate more partnerships will be expected to help create more opportunities.
Experts predicted that Kusama will attain $243.11 by the year 2025 with the minimum price value expected to hit $198.62. The average price of $220.86 is projected for the year.
Kusama Price Prediction 2026
By this year, experts are optimistic about high price. Minimum projection is $253.68 with the possible peak reaching $321.44.
On the average, it is expected that the price is around $287.56 in 2026. A huge price turnover is expected within the range defined by the crypto market.
Kusama Price Prediction 2027
Based on the aggregate point predictions of crypto analysts, the estimated average price of Kusama will be around $36.3. It predicted to go up to a minimum of $302.55 and reaching a peak at $394.07. There is high volatility but the bullish state is not affected.
Kusama Price Prediction 2028
A technical analysis by our crypto experts shows that the price of Kusama Coin in 2028 is expected to attain $369.43 minimum and $432.11 maximum. The average expected trading cost is $400.77.
Kusama Price Prediction 2029
Analysts consider Kusama a very persuasive coin for a long term investment. It is expected that by the end of 2029 the coin will trade between $482.86 and $543.65. On the average the price will trade at $513.255 in 2029.
Kusama Price Prediction 2030
With synergy and adoption with other blockchain networks the year 2030 hold greater growth prospect as the price heads to the sky.
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Analysts predict that the maximum trading price is $878.50 and the minimum price is projected to hit $707.34. All things being equal, the average price is estimated at $792.92.
Kusama Price Prediction 2031
There is a more stable price through the year. It is assumed that in 2031 there will be $885.75 minimum price and $1012.32 maximum price value. On the average, the trading price will be around $949.03 as the bullish state continues all things being equal.
Kusama Price Prediction 2032
There is enough historical price-data at this time which enables our analysts to make more accurate prediction. The year 2029 is expected to see the maximum Kusama price of $1342.59 and a minimum of 1002.65. The expected average trading price is around $1172.62.
Bottom Line
The Kusama Coin is a new wealth route to be followed cautiously by aggressive investors. No risk, no gain. The price of Kusama is heading upwards steadily with signs of long term growth but not without the usual high crypto volatility. Keep your eyes on the coin and follow our price predictions!
