Kusama Coin (KSM), also referred to as a
multi-chain coin alongside
Polkadot (DOT), has seen several price predictions for 2024, 2025 and 2026-2030, some suggesting it could reach $600 again and others predicting that it may fall below $20. Meanwhile, Dash price is also predicted to rise in the coming years. The mechanisms of crypto burn, as it will stand in 2024, are expected to highly influence these predictions. Despite challenges, such as leading stablecoin Tether ending its support for Kusama, the potential of KSM seems high with expectations to outperform Polkadot.
Pullix (PLX) is gaining traction, being a significant competitor to KSM. In terms of development, Polkadot and Kusama have attracted $30 million in funding, causing their prices to skyrocket. Kusama is seen as a testing ground or battleground for Polkadot developers. Yet, certain trends are worrisome, as KSM price dropped below $200 feeling the bearish grip, and a bearish breakdown from the $355 support.
Parachain auctions connected to Kusama are generating much intrigue.
In August,
DeFi platform Lido is to cease staking on Polkadot, Kusama. Suggestions of earning up to 75% in Kusama Staking Rewards stir further interest. Polkadot's Parachain vision is also materializing after a successful Kusama auction. With Moonriver's price climbing, lending startups, including Parallel Finance, are raising substantial funds to bring more DeFi to Polkadot and Kusama. All these developments are contributing to expectations for an increase in the KSM price.
KSM Coin News Analytics from Wed, 16 Nov 2016 08:00:00 GMT to Tue, 03 Sep 2024 07:00:00 GMT -
Rating -1
- Innovation 5
- Information 6
- Rumor 2
