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Kusama Price Prediction 2021 – Will KSM Hit $400 Soon?

Kusama (KSM) Price Prediction 2021 – Will KSM Hit $1K Soon
  • Bullish KSM price prediction ranges from $247 to $317.
  • KSM price might also reach $400 soon.
  • KSM bearish market price prediction for 2021 is $193.

This Kusama (KSM) Price Prediction 2021 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 2021 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 2021? Join me and let us see the charts in this KSM price analysis and KSM price prediction.

KSM Current Market Status

As of the time of writing this Kusama price analysis, KSM trades at $211.66 with a 24-hour trading volume of $93,462,515. The price of KSM has decreased by 2.47% 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 Binance, Huobi Global, OKEx, CoinTiger, and FTX.

Now, let’s proceed to the next part of this KSM technical analysis for 2021.

Kusama Price Analysis 2021

Currently, KSM holds 50th 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 chart showing Symmetrical Triangle pattern
KSM/USDT chart showing Symmetrical Triangle pattern (Source: TradingView)

In the daily frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that Kusama has a higher chance of going bearish than bullish.

KSM Relative Strength Index
KSM Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is above 45.19, which means that KSM is in neither overbought nor oversold state. Hence, traders may trade safely without any fear. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of KSM.

KSM 30-day SMA and 50-day EMA
KSM 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, KSM’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, KSM has a competitive market this 2021.

Kusama Price Prediction 2021

The chart below shows that Kusama has performed great over the past few days. Moreover, the KSM price is over 25% in the last 7 days. If this trend continues, KSM might run along with the bulls, overtaking its $317 resistance level and climb higher.

KSM USDT Price Chart
KSM/USDT Price Chart (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 165, a bearish signal.

Meanwhile, our long-term KSM price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $623 this year. However, that will only happen if it breaks many psychological resistances that occurred previously.

Kusama Price Prediction by 2022

If this bullish trend continues, Kusama will reach $623 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $650. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $623 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Kusama Price Prediction by 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 $700, making it not plummet but play consistently.

Kusama Price Prediction by 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 $780.

Kusama Price Prediction by 2025

In the next four years, KSM price could race up to $1K. 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 2021. 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 2021 is $317. As said above, it may even reach $400 if investors have decided that KSM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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 2021. However, KSM has a high possibility of surpassing its current ATH at about $623 by 2022.

Can KSM reach $400 soon?

Yes, it’s very much possible that KSM might reach $400 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 $623 by 2022.

What will be the Kusama price by 2023?

Kusama (KSM) price is expected to reach $700 by 2023.

What will be the Kusama price by 2024?

Kusama (KSM) price is expected to reach $780 by 2024.

What will be the Kusama price by 2025?

Kusama (KSM) price is expected to reach $1K by 2025.

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. 

Crypto trading has enticed Alyssa Wiselin to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.