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Kusama is popularly known as ‘Polkadot’s Wild cousin’ was initially launched as an experimental, unaudited version prior to Polkadot. It aims to provide a platform for the developers to build and deploy para chains. It also enables us to try out Polkadot’s governance token like staking, nomination, and validation functionality in a real environment.

Currently, Kusama is among the leading cryptos that are looked upon as an asset that will provide pretty good gains in the future. Among all the other marketplaces, Binance Futures records the highest volume, more than $50 million every day.  

Kusama Coin attained the spotlight when the ‘canary network’ tripled its price in just a month. The platform which was rolled out as an experimental, unaudited and a trial network is now worth more than $300 million.

Overview

Cryptocurrency Kusama 
Token KSM
Price(At the Press time) $582.26
Market Capitalization $4,928,111,676
Circulating Supply 8,470,098.06 KSM
All Time High $614.64 (May 15, 2021)
All Time Low $0.9143 (January 14, 2020)

What is Kusama(KSM)?

Kusama Coin is a decentralized form of digital asset or cryptocurrency. It’s basically a network built as a risk-taking, fast-moving, canary network for its cousin Polkadot. The platform enables the developers to spark their innovation and disrupt the status quo.

Kusama was founded by Gavin Wood in 2019 who is the founder of Polkadot and former CTO of Ethereum under the Web3 foundation.

Kusama is a scalable network of blockchain using a similar code as Polkadot. The team who wants to move fast or prepare for deployment on Polkadot can conduct their experiments on the Kusama platform.

The basic features possessed by Kusama includes,

  • Fast Iteration

Kusama has the potential to repeat the process at a greater speed with low-risk so that the developers can move swiftly through the governance and upgrade process.

  • Cost-Effective

The platform is a great opportunity for the start up’s who might face low economic barriers.

  • Advanced Technology

Kusama is built on the most advanced, next-gen, shraded, multichain network. 

  • Open Governance

Kusama is owned and governed by a community of network participants who vote on and control the network. 

KSM Price Prediction 2021

KSM price initiated the yearly trade with a bullish note, yet with slightly less than that of the previous year close around $69. Later the price crossed $100 levels and soared high to smash above $200 in mid of February. The price kept on surging and hit the milestone at $500 by the end of march. Keeping the bullish momentum intact, the price raised high and soared above $600 in May, yet experienced a slight pullback.

The platform is expected to come up with many interesting upgrades aiming for a better crypto ecosystem. And hence an extreme bullish market sentiment and upcoming upgrades, the KSM price may reach the milestone at $1000 by the end of 2021.

KSM Price Prediction 2022

The price may initiate 2022 trade with the price trading around $750 to $920. However, the price may keep surging high throughout 2022 and eventually head strongly towards $1500. In an extreme bullish trend, the price may even hit $2000 too. On the contrary, if the price experiences a plunge, it might trade around $800 to $1200 by the end of 2022.

Price Prediction For The Next 5 Years

The blockchain in the coming days may give a tough competition for many other blockchains. In such a case the price may have a splendid rally and head strongly towards $10000 too. However with enough bullish momentum and market sentiments with the developments in the ecosystem, KSM price may reach $7500 to $8200 by the end of 2025.

KSM Market Price Prediction

  1. Wallinvestor

As per the analyst of Wallinvestor.com, the KSM coin is expected to jump to $1524.9 in the coming year and rally hard to reach $5790.44 by 2026. 

  1. Gov.Capital

The gov.capital analyst predicts a major bull rally for the coin. The KSM coin may hit $923 to $1061 by the end of 2021 and $8295 to $9539 by the end of 2025.

  1. DigitalCoinPrice

The analyst associated with Digitalcoinprice.com has also forecast a price that forecast $906.39 levels by the end of 2021 and $1732 levels by the end of 2025.

Our KSM Price Prediction

The KSM price has showcased a strengthened rally and hence considering the previous price movements and the indicators, the KSM price may reach $850 to $930 levels by the end of 2021.

The rally may be more accelerated in the coming days, as more and more strong hands are expected to join the ecosystem. Eventually in the next 5 years, the price may leap long to reach above $3800 to $4500 levels.

Historical Market Sentiments

2020

KSM price initiated with approximately $1.5 somewhere at the beginning of 2020 and remained silent until it shot up massively in the last week of August 2020. The trading volume spiked during the time which assisted the token to register its all-time high of $60.04 on Sep 03, 2020. 

Woefully, it dipped almost 50 percent within a few days of achieving the ATH, yet maintain above $25. However, the price regained bullish momentum and intensified bull run in November by initiating an uptrend. Eventually, the price surpassed the ATH and rallied high to close the yearly trade around $71.96.

FAQ

Is KSM a good investment?

As per analyst, KSM can be considered as a long term profitable investment that has a decent ROI

Where do I buy/sell/trade KSM coins?

KSM coins can be purchased on the leading exchanges like Binance, Kraken, etc

Is KSM on Coinbase?

No, KSM is not yet listed on coinbase.

Can I stake KSM coins?

Yes, you can stake your KSM coins.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Bitcoin Analysts Regard a Short-Squeeze, Crypto Market Analyze

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The funding rate scales the cost to fund long positions in the market for bitcoin ever lasting changes. In another word, a type of derivative in the cryptocurrency markets look like futures contracts in traditional markets.

Since June, total assets under management across exchange-traded. And also over the counter traded digital asset investment products dropped by 14% to $34.8 billion.

Weighed up with traditional asset classes, digital asset markets still own a “long way to go before more risk-averse investors are fully at ease,”. Based on a report by CryptoCompare.

NFT effect on Ether

As NFTs obtain reputation regardless of an overall bearish sentiment in the crypto market. Some NFT critics inside the market took to Twitter blaming the non-crypto natives who withdrew their Ether at once after NFT sales for the uninspired price movement of the second-largest cryptocurrency by market capitalization.

However, based on multiple analysts and market contributors, the effect of NFT sales, stays a nonfactor on Ether’s prices. Instead, the complaint showcases many traders and investors’ frustrations in a slow market.

The guess“is more like a reflection of the current market sentiment,”. Daniel Lv, co-founder of China-based blockchain Nervos Network, told Muyao Shen through a representative.

The blame, though, isn’t all irrational since growth in the NFT market has not quite slowed down partly because of the large number of confirmations, got from non-crypto celebrities.

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Celebrities Who Have Invested in Bitcoin

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Bitcoin, and cryptocurrency in general, is an ever-growing phenomenon in the 21st century. Since the invention of Bitcoin in 2009, Bitcoin stocks have grown rapidly. People today are becoming more and more accepting of Bitcoin, with seventeen percent of the American adult population admitting to having invested in Bitcoin, and even more admitting that they’ve invested in other cryptocurrencies. 

It isn’t just regular, everyday people who have shown an interest in Bitcoin, and crypto, though. Many major celebrities have embraced digital currency, and have made quite a pretty penny out of it. In this article, we will take a look at a few celebrities who have invested in Bitcoin and the profits they have made. 

But first, let us take a look at how Bitcoin investment works, and how you can profit off of it.  

How to Profit off of Bitcoin

The best way to profit from any form of digital currency is to make an account at one of the many crypto trading sites. These sites offer an interface that is easy to use for beginners and allow new investors to purchase or sell their digital assets. Most trading sites require little else than a password, email, and username.

One of the sites which offer these benefits is Bitcoin Power. Not only is it easy to use, but it also provides a safe and secure network, allowing you to track your earnings at any point in the day, in real-time. Also, these sites use new Artificial Intelligence technology to read and predict the volatility and fluctuation of the crypto stock market and allow you, as an investor, to make the best investments and maximize your profit.   

Now let’s take a look at a few celebrities who have embraced cryptocurrency as a viable method of profit, and how it went for them.  

Paris Hilton

Hotel heiress, actress, and social media influencer, Paris Hilton has admitted to dabbling in Bitcoin and NFTs. Last year, Ms. Hilton admitted to purchasing stocks in Bitcoin, and subsequently, she changed her social media profile images to feature laser eyes. The laser eye meme is associated with the rise of the stock of Bitcoin. 

When questioned further about bitcoin and NFT’s in the interview, Ms. Hilton claimed Bitcoin is the future, and she is very excited about the opportunities it can provide. In March of 2020, Ms. Hilton won the NFT Charity Award for her first NFT, which subsequently blew up and has been very exciting for the young heiress.  

Mike Tyson

Bitcoin has become quite a popular form of currency in the boxing world, with many professional boxers, such as Floyd Mayweather looking into, or already investing in the cryptocurrency. But, in 2016, ex-heavyweight champion, Mike Tyson, took his interest in Bitcoin a step further, with the launch of his very own digital wallet. A year prior, Mr. Tyson had sponsored a Bitcoin ATM, an ATM that allows Bitcoin investors to trade real cash into cryptocurrency. After this proved successful, the ex-heavyweight champion took it further by releasing a digital wallet.

A digital wallet, for those who may not know, is a software system that allows for the safe storage of user information regarding numerous payment methods, including Bitcoin. This move has inspired other professional boxers, such as Tyson Fury to get into the world of cryptocurrency and NFTs

50 Cent

American rapper, actor, TV, and music producer 50 Cent, real name Curtis Jackson, made the controversial decision to accept Bitcoin payments for his album “Animal Ambition” in 2014. At the time, Mr. Jackson got about 700 Bitcoin, which in 2014 was worth around $500.000. A few years later, however, in 2019, the price of Bitcoin skyrocketed, earning the rap legend an astonishing $8.000.000. 

Jackson, in an Instagram post, claimed that he is proud of himself, thought that he had forgotten all about selling his album for bitcoins. 

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