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Kusama is a scalable multi-chain network for radical innovation built using substrate with the same codebase and industry leading multi-chain infrastructure as Polkadot.
Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It’s a living platform built for change agents to take back control, spark innovation and disrupt the status quo. The network is an experimental development environment for teams who want to move fast and innovate on Kusama, or prepare for deployment on Polkadot. It will be interesting to see how KSM price moves in the near future
Fast Iteration
Kusama’s risk-taking and nimble mentality allows developers to move swiftly through the governance and upgrade process, enabling rapid progress and growth.
Low Economic Barriers
You can launch your custom blockchain (parachain) project with low barriers to entry. It is ideal for lean startups looking to move fast and iterate.
Advanced Technology
You can build on a next-generation, sharded, multichain network, while employing the newest features before they are deployed on Polkadot.
Apart from this, Kusama network provides a wide range of advantages for developers trying to innovate in the blockchain domain.
You can read more about Kusama here.
Let us review KSM price.
KSM/USD – Price Prediction
KSM is currently trading above the support zone of $451. As long as it is above this zone, we could start seeing a move towards $610 and $868. Failure to hold the support at $451 could lead to an immediate drop towards $397 and a possible drop towards $349 and $271 which would be good entries for KSM longs.
KSM is currently trading at $475 with a market cap of $4,405,775,257. Its 24 hour trading volume was $542,292,333.
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Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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