| Metric | Value | Trend |
|---|---|---|
| Current Price | $20.20 | Steady |
| Trading Volume | $25.9 M | Steady |
Kusama is a blockchain platform that aims to provide massive scalable and interoperable networks for developers. Moreover, its codebase is very similar to that of Polkadot's. KSM is the native token of the Kusama blockchain. KSM token has a maximum supply of 9,651,217 tokens out of which 8,470,098 KSM tokens are already in the circulating supply of the market. The following are the use cases of the KSM token:
- KSM tokens are used to pay the transaction fees on the Kusama platform.
- KSM token holders can participate in the governance of the platform through voting processes.
- KSM tokens can be staked to earn passive income.
Are you buying or selling Kusama Crypto? Choose from below
- Dec 17th: +13%
- Feb 19th: -80%
Can Kusama reach $10000
To reach $10000, KSM will need to rise 500x.At $10000, the target market cap will be approximately $161.35 billion.If KSM were to rise at the pace of 25%, it will take approximately 28 years to reach $10000.
Let us evaluate this data
- Quality of Investment– Poor
- Time and Growth required to reach $10000– Not Feasible
- Market Cap at $10000– Not Feasible
Given the Market Cap required to reach $10000, there is no scenario in which Kusama reaches $10000.
Kusama being an experimental network of Polkadot does not attract the attention of investors. Polkadot itself is struggling to differentiate itself in the market. Let us look at Kusama vs. Polkadot vs. Tron
Tron which is an outperformer in the DeFi space has outperformed both DOT and KSM. While Polkadot could still evolve and become a better use case given its current market cap of $10 Billion, the same cannot be said of Kusama.
Can Kusama reach $5000?
To reach $5000, KSM will need to rise 250x.At $5000, the target market cap will be approximately $80.67 billion.If KSM were to rise at the pace of 25%, it will take approximately 25 years to reach $5000.
Let us evaluate this data
- Quality of Investment– Poor
- Time and Growth required to reach $5000– Not Feasible
- Market Cap at $5000– Not Feasible
Given the Market Cap required to reach $5000, there is no scenario in which Kusama reaches $5000.
Can Kusama reach $1000?
To reach $1000, KSM will need to rise 50x.At $1000, the target market cap will be approximately $16.13 billion.If KSM were to rise at the pace of 25%, it will take approximately 18 years to reach $1000.
Let us evaluate this data
- Quality of Investment– Poor
- Time and Growth required to reach $1000– Somewhat Feasible
- Market Cap at $1000– Feasible
The aggregated Kusama Price Prediction for 2030 is $329. So it is likely Kusam will reach $1000 in the next decade only. Given the requirements, there is a low chance that Kusama will reach $1000.
Note: Please consult a registered investment advisor to guide your financial decisions.
