What Is Kusama (KSM)?
Self-described as “Polkadot’s wild cousin,” Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
Kusama is built on Substrate – a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot – one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot – though many projects opt to stick with Kusama for their final product.
Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.
Who Are the Founders of Kusama?
Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum.
Parity Technologies has an extensive team comprised of some of the world’s most successful blockchain engineers, and has over 100 employees in total spread throughout the world.
In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help “nurture and steward technologies and applications in the fields of decentralised web software protocols.” The Web3 foundation also supports Kusama with research and community development thanks to its growth team.
|USD Price||$ 263.49|
|24h Volume||$ 121,310,834|
Kusama Price Prediction
If you’re looking for Kusama price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Kusama (KSM) will go in the future? We will analyze the past prices of Kusama (KSM) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
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Kusama (KSM) Price Prediction
At reconshell.com we predict future Kusama price predictions/KSM forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Kusama. We do our best to collect maximum historical data for the KSM coin which include multiple parameters like past price, Kusama marketcap, Kusama volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Kusama Price Prediction 2022
According to our deep technical analysis on past price data of KSM, In 2022 the price of Kusama is predicted to reach at a minimum level of $378.74. The KSM price can reach a maximum level of $451.81 with the average trading price of $389.46.
Kusama Price Prediction 2023
The price of Kusama is predicted to reach at a minimum level of $557.47 in 2023. The Kusama price can reach a maximum level of $647.17 with the average price of $576.94 throughout 2023.
KSM Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Kusama is predicted to reach at a minimum level of $791.06. The KSM price can reach a maximum level of $966.49 with the average trading price of $814.14.
The price of 1 Kusama is expected to reach at a minimum level of $1,105.13 in 2025. The KSM price can reach a maximum level of $1,354.70 with the average price of $1,137.70 throughout 2025.
Kusama Price Prediction 2026
Kusama price is forecast to reach a lowest possible level of $1,628.48 in 2026. As per our findings, the KSM price could reach a maximum possible level of $1,940.67 with the average forecast price of $1,685.37.
Kusama Price Prediction 2027
According to our deep technical analysis on past price data of KSM, In 2027 the price of Kusama is forecasted to be at around a minimum value of $2,388.41. The Kusama price value can reach a maximum of $2,797.10 with the average trading value of $2,472.68 in USD.
Kusama (KSM) Price Prediction 2028
The price of Kusama is predicted to reach at a minimum value of $3,574.92 in 2028. The Kusama price could reach a maximum value of $4,194.06 with the average trading price of $3,698.55 throughout 2028.
Kusama Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Kusama is expected to reach at a minimum price value of $5,384.75. The KSM price can reach a maximum price value of $6,196.85 with the average value of $5,532.69.
Kusama (KSM) Price Prediction 2030
The price of Kusama is predicted to reach at a minimum value of $8,136.24 in 2030. The Kusama price could reach a maximum value of $9,205.25 with the average trading price of $8,357.55 throughout 2030.
Kusama Price Prediction 2031
Kusama price is forecast to reach a lowest possible level of $11,842.68 in 2031. As per our findings, the KSM price could reach a maximum possible level of $14,134.13 with the average forecast price of $12,260.55.
What Makes Kusama Unique?
Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development.
It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system – an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.
This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.
Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days – leading to the rapid pace of development for projects built on Kusama.
The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so – thereby ensuring maximum community cohesion.
How Many Kusama (KSM) Coins Are There in Circulation?
As of November 2020, Kusama has a circulating supply of 8.47 million tokens, and a total supply of 10 million tokens. Unlike some other blockchains, this maximum supply is not fixed. Instead, it increases at an inflation rate of 10% per year.
The proportion of KSM that are staked changes how the newly minted KSM tokens (from inflation) are distributed. If exactly half of all KSM are staked, then Kusama validators receive 100% of newly minted tokens, whereas if it is above or below 50%, then some of the inflation rewards will go to the Kusama Treasury.
Kusama initially launched as an airdrop to those that participated in Polkadot (DOT) token sale. These were distributed at a 1:1 rate, while those without DOT were able to obtain KSM by using a frictional faucet – this has since been decommissioned. Unlike Polkadot, Kusama has not undergone redenomination to increase its circulating supply.
How Is the Kusama Network Secured?
Kusama is built using a nominated proof-of-stake (NPoS) consensus mechanism.
This uses a network of nominators (KSM stakers) who elect nodes to participate in the transaction validation process. These nominators receive a fraction of the inflation reward if their nominator is selected on the next rotation. Validators that act dishonestly or don’t meet performance requirements can have their stake slashed.
Additionally, Kusama uses a simple queuing mechanism based on Merkle trees to resolve cross-chain transactions. Relay chain validators are responsible for moving transactions from the output queue of one parachain to the input queue of the target parachain – this is a secure, trustless process that uses the same validators on each chain to pass the messages.
Where Can You Buy Kusama (KSM)?
Kusama (KSM) is currently available to trade on dozens of popular exchange platforms, including Binance, OKEx and Huobi Global. The most liquid trade pairs for KSM are currently KSM/USDT, KSM/BTC and KSM/ETH.