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Kusama Price Prediction 2022 – Will KSM Price Hit $500 Soon?

Kusama (KSM) Price Prediction 2021 – Will KSM Hit $1K Soon Prediction
  • Bullish KSM price prediction ranges from $216 to $443.5.
  • KSM price might also reach $500 soon.
  • KSM bearish market price prediction for 2022 is $105.8.

This Kusama (KSM) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our KSM price analysis and prediction.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in KSM.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will KSM experience the same price volatility? We’ll find out shortly in this KSM price analysis 2022 article. But first, let’s have a look at what KSM is.

What is Kusama (KSM)?

Kusama is self-described as Polkadot’s wild cousin. Moreover, Kusama is an experimental blockchain firm that is developed to provide a massively interoperable and scalable framework for developers.

More so, the Kusama is built on Substrate, a blockchain building kit created by Parity Technologies. Even more, the Kusama has almost the same codebase as Polkadot which is one of the most successful interoperable blockchains.

By deploying on Kusama, fast-paced projects benefit from access to a highly scalable, interoperable sharded network. Added to this, Kusama describes itself as a canary network.

Even more, the platform is developed to provide a testbed for developers seeking to create and deploy their own blockchain and can be utilized as a preparatory network before launching on Polkadot via many projects opt to stick with Kusama for their product.

Now that we have an idea about KSM, do you think KSM will be profitable crypto in 2022? Join me and let us see the charts in this KSM price analysis and KSM price prediction.

Kusama (KSM) Current Market Status

As of the time of writing this Kusama price analysis, KSM trades at $181.22 with a 24-hour trading volume of $134,927,428. The price of KSM has increased by 0.98% in the last 24 hours.

Furthermore, KSM has a current circulating supply of 8,470,098.06 KSM. Currently, the top cryptocurrency exchanges for KSM are BinanceHuobi GlobalOKExFTX, and CoinTiger.

Now, let’s proceed to the next part of this KSM technical analysis for 2022.

Kusama (KSM) Price Analysis 2022

Currently, KSM holds 77th place on CoinGecko. But will the latest upgrades, development, and changes in the KSM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this KSM price prediction article.

KSM/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for KSM/USDT, we can deduce that the price of Kusama might get bullish in some days since the price is almost breaking out at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

KSM/USDT 1Day Chart Showing Relative Strength Index ( Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 58.59. This shows that Kusama (KSM) is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

KSM/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and the 100-MA is touching some previous candlestick, the price of the coin might increase soon.

Kusama (KSM) Price Prediction

The chart below shows that Kusama has performed great over the past few days. Moreover, the KSM price is over 13.4% in the last 7 days. If this trend continues, KSM might run along with the bulls, overtaking its $216.0 resistance1 level and climb higher to $443.5 at resistance4 level, the 2022 bullish signal.

KSM/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone KSM from its uptrend position. In simpler terms, the price of KSM might plummet to almost $105.8 at support2, a bearish signal.

Meanwhile, our long-term KSM price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $623.75 according to CoinMarketCap this year. However, that will only happen if it breaks many psychological resistances that occurred previously.

Kusama (KSM) Price Prediction 2022

If this bullish trend continues, Kusama will reach $443.5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $216. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $500 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Kusama (KSM) Price Prediction 2023

If KSM holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1000, making it not plummet but play consistently.

Kusama (KSM) Price Prediction 2024

As per the latest upgrades, developments, KSM price prediction, and new project forecasts of the platform, KSM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of KSM in the crypto market, and it will be the best investment as the price can spike and reach around $1250.

Kusama (KSM) Price Prediction 2025

In the next four years, KSM price could race up to $2000. However, reaching this level could not be so difficult for KSM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KSM has a high possibility of reaching new ATH soon in the next four years as per the prediction.

Kusama (KSM) Price Prediction 2026

In the next five years, KSM price could race up to $3000. However, reaching this level could not be so difficult for KSM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KSM has a high possibility of reaching new ATH soon in the next five years as per the prediction.

Conclusion

Kusama has a bright future ahead of it in 2022. With the ongoing developments happening within the KSM ecosystem, as well as in the overall crypto market, we may see KSM reach new heights.

Bullish KSM price prediction 2022 is $443.5. As said above, it may even reach $700 if investors have decided that KSM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is KSM?

Kusama is self-described as Polkadot’s wild cousin. Moreover, Kusama is an experimental blockchain firm that is developed to provide a massively interoperable and scalable framework for developers.

How to Buy KSM Tokens?

Users can obtain KSM tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Will KSM Surpass its Current ATH?

KSM is a good investment in 2022. However, KSM has a low possibility of surpassing its current ATH at about $623.75 by 2022.

Can KSM reach $500 soon?

Yes, it’s very much possible that KSM might reach $500 in the near future as per the current bullish trend.

What will be the Kusama price by 2022?

Kusama (KSM) price is expected to reach $850 by 2022.

What will be the Kusama price by 2023?

Kusama (KSM) price is expected to reach $1000 by 2023.

What will be the Kusama price by 2024?

Kusama (KSM) price is expected to reach $1250 by 2024.

What will be the Kusama price by 2025?

Kusama (KSM) price is expected to reach $2000 by 2025.

What will be the Kusama price by 2026?

Kusama (KSM) price is expected to reach $3000 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.