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Kusama

Kusama priceKSM

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KSM
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1 KSM = 29.27 USD
Last updated 2024-04-25 14:01:29(UTC-0)

Kusama price live data summary

The live price of Kusama is $29.27 per (KSM / USD) today with a current market cap of $247.90M USD. The 24-hour trading volume is $24.93M USD. KSM to USD price is updated in real time. Kusama is -3.92% in the last 24 hours. It has a circulating supply of 8,470,098 .

What is the highest price of KSM?

KSM has an all-time high (ATH) of $623.75, recorded on 2021-05-18.

What is the lowest price of KSM?

KSM has an all-time low (ATL) of $0.9158, recorded on 2020-01-14.

Kusama price prediction

Set your prediction

When is a good time to buy KSM? Should I buy or sell now?

When deciding whether to buy or sell KSM, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget KSM technical analysis can provide you with a reference for trading.
According to the KSM 4h technical analysis, the trading signal is Sell.
According to the KSM 1d technical analysis, the trading signal is Strong sell.
According to the KSM 1w technical analysis, the trading signal is Strong sell.
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Kusama price performance in USD

24h7d30d90d1yAll-time
-3.92%-4.83%-41.53%-21.54%-8.59%+1610.21%

Kusama price history in USD

TimeLowHigh
24h$28.79$30.58
7d$28.69$33.85
30d$24.97$51.24
90d$24.97$60.98
1y$16.61$63.46
All-time$0.9158(2020-01-14, 4 years ago )$623.75(2021-05-18, 2 years ago )

Kusama market information

Market cap
$247,898,469.74
-3.92%
Fully diluted market cap
$282,466,864.16
-3.92%
Volume (24h)
$24,928,242.28
-7.67%
Market rankings
Circulation rate
+87.00%
24h volume / market cap
0.1005
Circulating supply
8,470,098 KSM
Total supply / Max supply
9,651,217.45 KSM
-- KSM

Kusama ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Kusama Social Data

In the last 24 hours, the social media sentiment score for Kusama was 3.1, and the social media sentiment towards Kusama price trend was Bullish. The overall Kusama social media score was 93,400, which ranks 249 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Kusama being mentioned with a frequency ratio of 0.02%, ranking 154 among all cryptocurrencies.

In the last 24 hours, there were a total of 301 unique users discussing Kusama, with a total of Kusama mentions of 232. However, compared to the previous 24-hour period, the number of unique users decrease by 21%, and the total number of mentions has increase by 12%.

On Twitter, there were a total of 7 tweets mentioning Kusama in the last 24 hours. Among them, 14% are bullish on Kusama, 0% are bearish on Kusama, and 86% are neutral on Kusama.

On Reddit, there were 2 posts mentioning Kusama in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 50% . Additionally, there were 0 comments mentioning Kusama. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3.1
Social score(24h)
93.40K(#249)
Social contributors(24h)
301
-21%
Social mentions(24h)
232(#154)
+12%
Social dominance(24h)
0.02%
Twitter
Tweets(24h)
7
+133%
Twitter sentiment(24h)
Bullish
14%
Neutral
86%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
2
-50%
Reddit comments(24h)
0
0%

About Kusama(KSM)

What Is Kusama?

Kusama is a decentralized protocol that facilitates the seamless transfer of data and assets across various blockchains. Established in 2019 by Dr. Gavin Wood, the co-founder of Ethereum, Kusama operates as a pre-production environment for its sister network, Polkadot. This innovative platform, often referred to as a "canary network", serves as a sandbox where developers can experiment, test, and fine-tune their Polkadot projects in a real-market scenario before officially launching them.

Kusama shares many similarities with Polkadot, including its architecture and core features. However, it maintains a distinct identity by offering a more flexible and accommodating environment, characterized by less stringent governance parameters. This unique approach allows Kusama to foster a vibrant ecosystem of early-stage, experimental projects, thereby playing a pivotal role in building a fair and decentralized internet. Moreover, Kusama's open governance and sharded blockchain structure enhance scalability and interconnectivity, enabling a harmonious integration of multiple blockchains into a unified network of parachains.

Resources

Official Documents: https://www.polkadot.network/blog/tag/kusama/

Official Website: https://kusama.network/

How Does Kusama Work?

At the heart of Kusama's operation lies a dual blockchain structure comprising a main network, known as the relay chain, and user-generated networks referred to as parachains. The relay chain is responsible for securing the network and facilitating interoperability between the parachains, which can be customized for various applications. This structure significantly improves the network's scalability, allowing for a large number of projects to be hosted without compromising speed or efficiency.

Kusama employs a nominated proof-of-stake (NPoS) consensus mechanism, which is a variant of the proof-of-stake system. In this setup, KSM coin holders can either become validators, who verify data on the parachain blocks and vote on network changes, or nominators, who select validators and delegate their staked tokens and votes to them. This consensus mechanism not only ensures network security but also fosters a decentralized and permissionless governance model, where community members can actively participate in the decision-making process.

Furthermore, Kusama's infrastructure supports both private and public blockchains, thereby offering a vast array of potential applications ranging from oracles to social networks. Developers can leverage Kusama's Substrate framework to build their blockchains swiftly and link them to the main network, fostering innovation and collaboration within the community.

What Is KSM Token?

The KSM token, Kusama's native cryptocurrency, plays a vital role in maintaining the network's functionality. Holders of KSM are incentivized to stake their tokens to earn rewards, participate in governance processes, and vote on network upgrades. The staking process has become a popular method for generating passive income, with an annualized return rate fluctuating based on market factors. Notably, Kusama has an inflation rate of 10% per year, and there is no capped supply for KSM, which might be a consideration for potential investors.

Kusama's Impact on Finance

While Kusama and Polkadot share many similarities, including their foundational architecture and the team behind their development, they cater to different segments of the blockchain project spectrum. Polkadot adopts a more cautious and methodical approach, prioritizing network stability and security, making it suitable for larger, well-established projects. In contrast, Kusama embraces a faster-paced, experimental ethos, welcoming smaller, riskier projects looking to innovate and break new ground in the blockchain space.

Kusama's flexible governance parameters allow for quicker network upgrades compared to Polkadot, which undergoes a more extended voting process for any changes. Moreover, Kusama has garnered popularity in the blockchain industry due to its developer-friendly approach and its potential to host a diverse range of cutting-edge projects, making it a hotbed for innovation and experimentation in the decentralized space.

What Determines Kusama's Price?

In the ever-changing landscape of cryptocurrencies, the Kusama price today is shaped by a myriad of factors, keenly observed by potential investors through resources like a live Kusama price chart. Kusama, a sibling network to Polkadot, acts as a ground where developers can test and foster early-stage projects. This vibrant ecosystem notably sways the Kusama KSM price.

The KSM current price undergoes frequent fluctuations, reflecting the network's experimental nature that welcomes a plethora of innovative blockchain projects. Both investors and developers maintain a watchful eye on the Kusama price history, using it as a compass to navigate the volatile waters and anticipate the Kusama price forecast. Comprehensive Kusama price analyses become their trusted ally in making informed decisions.

The Kusama token price also receives considerable influence from its active community and the stellar team steering its course, helmed by the renowned Dr. Gavin Wood. Enthusiasts, closely tracking the KSM crypto price, are on the edge of their seats, eager to witness the network's continual evolution and innovation. With the rising popularity of Polkadot's mainnet, the Kusama KSM price in USD often marks periods of explosive growth. Those who are tuned into the latest Kusama KSM news appreciate KSM's potential as a tool for generating passive income through staking, an attribute directly impacting the KSM token market cap.

Delving deeper, it becomes vital to acknowledge the network's distinctive tokenomics when discussing the real-time Kusama price. The KSM token price is influenced by its proof-of-stake consensus mechanism, encouraging users to stake their KSM tokens for rewards, subsequently shaping the discourse around Kusama crypto price predictions. Moreover, the evolving Kusama price narrative is also influenced by an annual inflation rate of 10%, a detail potentially discouraging for investors seeking tokens with a capped supply.

As we stand on the cusp of a promising future, enthusiasts and investors scrutinize the Kusama (KSM) price graph, recognizing Kusama's promise given its rapid developments and receptiveness to experimental projects. In the bustling world of blockchain and cryptocurrency, Kusama carves out a niche, heralding a future ripe with potential and growth.

How to buy Kusama (KSM)

Buying Kusama on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Kusama (KSM) .

Trade KSM perpetual futures

After having successfully signed up on Bitget and purchased USDT or KSM tokens, you can start trading derivatives, including KSM futures and margin trading to increase your income.

The current price of KSM is $29.27, with a 24h price change of -3.92%. Traders can profit by either going long or short onKSM futures.

Join KSM copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or KSM tokens, you can also start copy trading by following elite traders.

Kusama news

See more
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Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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The latest update you need to know about Friend.tech

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People are also inquiring about the price of Kusama.

What is the current price of Kusama?

We update our Kusama to USD price in real time. Get the live Price of Kusama on Bitget.

What is the 24 hour trading volume of Kusama?

Over the last 24 hours, the trading volume of Kusama is $24.93M.

What is the all-time high of Kusama?

The all-time high of Kusama is $623.75. This all-time high is highest price for Kusama since it was launched.

Can I buy Kusama on Bitget?

Yes, Kusama is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Kusama guide.

Can I get a steady income from investing in Kusama?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Kusama with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Kusama (KSM) a good investment?

Kusama (KSM) has several features and factors that could influence its potential as an investment: Role in Polkadot Ecosystem: Kusama's integral role as a pre-production environment for Polkadot, and its technical interconnectedness with Polkadot, suggests that its success could be tied to that of Polkadot. Supply and Inflation: Kusama's supply and inflation rate, which are similar to Polkadot’s, could affect its price. While an increasing supply might exert downward pressure, inflation used for staking rewards could potentially increase demand and price. Market Trends: Kusama tends to follow collective crypto market trends, and its value has reached new highs during market rebounds. Adoption and Use: The level of adoption of KSM and its frequency of use are also factors that can influence its value. Web 3.0 Ecosystem: Kusama is part of the decentralized Web 3.0 ecosystem and could benefit from the continued development of blockchain interoperability and Web 3.0 functions.

What is the use case of KSM?

Kusama functions as a companion chain to Polkadot, replicating many of its principal design elements. Like Polkadot, Kusama operates using two distinct kinds of blockchains to manage transactions and oversee network activities. The primary network is known as the Relay Chain, where validators are staked and which possesses limited functionality, focusing on orchestrating the entire system. Additionally, there exist user-created networks termed Parachains, each potentially featuring different architectures, functionalities, and applications, depending on the individual project utilizing them.

What factors influence KSM price?

Kusama's price is influenced by various factors, including its supply and inflation rate, mirroring Polkadot’s. While increasing supply can pressure the price, staking rewards from inflation can boost demand and price. Kusama follows market trends and reflects broader economic shifts, with its value reaching new highs during market rebounds. Its price is also impacted by the adoption and usage frequency of KSM. Being technically interconnected with Polkadot, Kusama’s value is contingent on Polkadot’s success. It serves as a pre-production network for Polkadot, copying its technical capabilities with a relay chain and user-generated parachains. The popularity of Polkadot and the limitation on its parachains can potentially drive projects to Kusama, enhancing KSM’s value. As part of the decentralized Web 3.0 ecosystem, featuring blockchain interoperability, Kusama's value may further increase with the continued development of Polkadot and Web 3.0 functionalities.

What makes KSM unique?

Operating as a distinctive “Canary” testnet for Polkadot, Kusama distinguishes itself by utilizing a live blockchain network for developing decentralized applications (dApps) and projects, offering real market and testnet conditions unattainable by other chains. Kusama’s enhanced governance parameters enable it to function up to four times quicker than Polkadot, elevating its operational efficiency. A notable characteristic of Kusama is its dual blockchain structure, incorporating the primary network and user-generated Parachains. These unique Parachains facilitate users in executing separate layer-1 blockchains concurrently with the Kusama network. This capability of running distinct layer-1s, connected to the Relay Chain, not only fortifies the security of the Parachains but also significantly augments the scalability and interoperability of the Kusama network.

What gives Kusama value?

Kusama’s unique placement as a canary network for Polkadot gives it a “first-mover” advantage on many new dApps and projects for the Polkadot ecosystem. Many dApps will launch on Kusama before stabilizing and updating their product for the Polkadot network. Kusama also utilizes Parachains, separate layer-1 blockchains, which allow users to participate in token models and incentives not normally available on the Kusama Network. In order to utilize Parachains, projects need to win a slot in Parachain Auctions. Parachain slots are not only valuable but also require KSM to be locked for the duration of the lease. Participants who win a Parachain slot will need to win further auctions to renew the lease which ensures projects need a steady flow of KSM. The ultimate role of the KSM token is to maintain and operate the Kusama network. Users realize value by participating in various activities on the Kusama network, such as staking, bonding, and governance.

Can I stake KSM?

Kusama offers three methods for users to establish a wallet for staking KSM: through the Polkadot UI, the Polka Wallet, or the Polkadot JS staking app. Upon creating a wallet, users are required to bond their KSM using the staking feature of their app, remembering to reserve some KSM for gas fees. Bonded assets remain secured on the network for the bond's duration. Subsequently, users have the option to allocate their assets to up to 16 different validators. Should any of the chosen validators act improperly, they will incur penalties or slashing, resulting in a loss of a portion of the user's funds.
Cryptocurrency investments, including buying Kusama online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Kusama, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Kusama purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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Total profit $59,101.46
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