This Kusama price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of Kusama and its native token of KSM has the potential to reach anywhere up to $8,200 per token between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy KSM.
“Blockchain could change our world more than people imagine”.– Jack Ma, Founder of Alibaba
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In the same way that web developers can test out changes to their site in a pre-production environment, so too can blockchain developers. But one of the most well-known decentralized projects enabling this is Kusama which is connected to the Polkadot network.
Kusama can act as a proverbial sandbox for developers to create their projects before an official launch. By doing so, they can build the foundations of an initial user base in advance.
Because of its unique status in the crypto space, Kusama and its native token of KSM has seen significant growth in recent months, leading to an increase in new investors anticipating a potential price surge.
But are you wondering if it’s too late to start investing in Kusama? You’re not alone, many people are curious about whether investing in Kusama now is a good idea. I was one of those people until I began to use a range of factors to research the future price such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Kusama. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Kusama price prediction aims to answer all. But first, let’s start with just what it is and how it works.
What is Kusama?
Put simply, the best way to explain Kusama is as a canary network for its relative Polkadot network. It is inherently fast, risk-taking, and allows innovative developers to push the boundaries of blockchain development.
To further expand on its link to Polkadot, Kusama was founded by the same person as to its cousin network. Former Ethereum CTO Gavin Wood set up the Kusama Network in 2019 using a code that is similar to Polkadot.
Development teams aiming to deploy a project on the Polkadot network can experiment on Kusama first, test out various aspects of the project, and fine-tune it. In return, Kusama assists Polkadot with being one the most thoroughly tested and durable blockchain projects in existence. Like most crypto projects, Kusama also comes with its native token called KSM.
Pros and cons of Kusama
Like any decentralized project, Kusama has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of the Kusama and KSM.
|✔️ Major opportunities for the network to scale.||❌ It faces competition from other smart contract-based and Proof-of-Stake blockchain projects.|
|✔️ Truly decentralized and governed by the Kusama community.|
|✔️ A highly secure network.|
Do you still have questions about Kusama? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about Kusama to give you a better understanding of the original digital asset and its price potential.
Who uses Kusama?
As well as investors looking to speculate on its value, Kusama and its KSM tokens have real-world value. They are largely used by developers looking to test out new projects before launching on the cousin network of Polkadot.
How does Kusama gain value?
Like most cryptocurrencies, the value of Kusama is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature, support for Kusama is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can Kusama reach $1,000 per token?
Based on its recent price surges and innovative nature of being a platform that can be used as a proverbial sandbox by blockchain developers, it’s possible that Kusama could reach $1,000 per token in the long term. Many experts expect it to surpass this price generously in the next five years.
Where do people buy, sell, and trade Kusama (KSM)?
As well as on the Kusama network, experienced crypto users can buy, sell, and trade KSM from several crypto exchanges. However, if you are a new investor, then we suggest using a brokerage like eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Kusama Price History
Following its launch in 2019, the native token of Kusama hit the markets at the start of 2020 with an opening price of $1.5. It then stagnated at this price for most of the year before seeing its first price surge in early September of that year when it hit its first all-time high of 0ver $60.
But naturally, this was unsustainable. KSM then saw a price drop of around 50% but managed to pull back to a price of over $25. But another bull run was just around the corner and the price soon surged to a new ATH of just under $72.
Expert analysis of the Kusama price potential
One of the best tools we can use to try and determine the potential future price of Kusama is to analyze the opinions of various crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
Overall, Coinpedia is bullish on the Kusama price prediction. Based on it continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach between $7500 to $8200 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to their Kusama price prediction, they are also bullish. Over the long term, WalletInvestor predicts that the price of Kusama could reach somewhere around $645 by the end of 2021 and around $1,730 by the end of 2025.
Another rather bullish expert analysis on Kusama is LongForecast. They predict the price of it in 2021 to potentially reach up to $895 by the end of the year. By the end of 2023, they expect it to reach $2,490, and $3,150 by the year 2025.
So from over $600 in the short term and over $8,000 in the long term, the overall expert analysis on the future price of Kusama is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the Kusama price potential
Now we move on to technical analysis to try and predict the future price of Kusama. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Kusama Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Kusama skyrocketed by 1080% from $37.88 to its current price of $447.12. It’s predicted that the Kusama price will rise an additional 100% in the second half of 2021 and it’s then expected to close the year at $895. A year-to-year change of +2263%.
Kusama Price Prediction 2022 – 2023
After starting the year at $895, it’s predicted that the price of Kusama will rise to $1,632 per coin in the first half of 2022, it’s then expected to see a price drop of $80 and finish the year at $1,552, which is a +247% gain on the current price.
Kusama Price Prediction 2023 – 2024
After starting 2023 at $0.23, Kusama is expected to rise to a figure of $1,864 midway through the year before going on the rise again and ending the year at $2,490 at an overall annual increase of 457% from the current price.
Kusama Price Prediction 2024 – 2025
After starting 2024 at $2,490, Kusama is expected to rise to $2,685 halfway through the year. The second half of 2024 is expected to see the price of Kusama end the year at $3,310. That’s an overall annual increase of 640% on the current price.
In summary, Kusama and its native token of KSM are a unique addition to the crypto sphere that provides a theoretical sandbox for blockchain developers to play in. As a result, it has seen phenomenal price surges in recent months and many believe this is just a taste of things to come.
Whilst many people can see the significant potential in Kusama, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Kusama?
When it comes to investing in cryptocurrency, major exchanges are better reserved for the more experienced trader. For beginners, it’s recommended to use a trusted brokerage like eToro. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on crypto. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Kusama and KSM are inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Kusama and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.