Kusama (KSM) Price Prediction: Will KSM Price Hit $150 in 2022?

• Bullish Kusama (KSM) price prediction ranges from $69.9 to $99.2.
• Analysis suggests that the KSM price might reach above $150 soon.
• The KSM bearish market price prediction for 2022 is $36.2.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Kusama (KSM) is one of them.

Kusama is a scalable network of specialized blockchains built on Substrate and the Polkadot codebase. Its community describes Kusama as “wild and fast” and “great for bold experimentation and early-stage deployment.”

If you are interested in the future of KSM and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Kusama (KSM)?

As mentioned earlier, Kusama is a scalable network of specialized blockchains built on Substrate and the Polkadot codebase. The network serves as an experimental development environment for organizations looking to move quickly and innovate on Kusama or prepare for Polkadot deployment. Fast-paced applications that launch on Kusama receive access to a highly scalable, interoperable sharded network. Kusama calls itself a “canary network” for this reason.

Kusama (KSM) is a public Polkadot pre-production environment that runs on an unaudited early release of the Polkadot blockchain. Kusama acts as a sandbox, allowing any developer to test early versions of Polkadot projects in a real-world setting. Kusama has a low entry barrier for parachain deployment and low bond requirements for validators and is most typically utilized by early-stage startups and for experimentation.

Kusama (KSM) is based on a multichain, heterogeneously sharded design that employs a nominated proof-of-stake (NPoS) consensus system as an alternative to the energy-intensive proof-of-work (POW) scheme used by numerous other blockchains. This method allows quick on-chain upgrades without requiring a fork and cross-chain message forwarding (XCMP) to communicate with other parachains on the Kusama network.

Kusama, like Polkadot, has on-chain governance capabilities. This on-chain governance is decentralized and permissionless, letting anybody with Kusama (KSM) tokens or parachain tokens vote on governance proposals. This on-chain governance mechanism is nearly four times faster than Polkadot’s, with a combined voting and enactment duration of only 15 days – resulting in rapid development for Kusama-based projects.

Notably, Kusama’s nominated proof-of-stake (NPoS) is accomplished using a network of nominators (KSM stakers) who elect nodes to participate in the transaction validation process. These nominators will receive a portion of the inflation reward if their nominee is chosen during the subsequent rotation. Validators who commit fraud or fail to fulfill performance standards may have their stake reduced.

Kusama employs a simple queuing system based on Merkle trees to settle cross-chain transactions. Relay chain validators are in charge of moving transactions from one parachain’s output queue to the target parachain’s input queue — this is a secure, trustless operation that uses the same validators on each chain to pass the messages.

Kusama (KSM) Current Market Status

According to CoinMarketCap, Kusama (KSM) is hovering over $50.74 at the time of writing, with a total of 8,470,098 KSM in circulation. KSM has a 24-hour trading volume of $25,400,622.60, with an 11.04% increase. And during the past 24 hours, the price of KSM increased by 3.71%. 

The most popular exchanges to trade Kusama (KSM) are Binance, OKX, Deepcoin, Bybit, and BingX. Let’s continue with our KSM price research for 2022.

Kusama (KSM) Price Analysis 2022

KSM ranks 81st on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will KSM’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s KSM price forecast.

Kusama (KSM) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Kusama (KSM) can be predicted using the Keltner Channel indications for KSM/USDT. The price is in the second half of the channel, meaning that people are selling KSM rather than buying. But lately, there are a few green candles representing that the price is now establishing a new trend. Even after that, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Kusama (KSM) Price Analysis – Relative Strength Index

During uptrends, the RSI tends to remain more stable than during downtrends. This makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 50.7. The RSI tends to remain above 30 and should frequently reach 70 during an uptrend. 

During a downtrend, the RSI rarely exceeds 70 and regularly reaches 30 or falls below this barrier. These rules can help determine the strength of a trend and identify possible trend reversals.

Kusama (KSM) Price Analysis – Moving Average

Above is a 4-hour Kusama (KSM) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, KSM is now running sideways for a long period. The KSM 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. But the candlesticks are slowly touching 50-day MA, meaning that the price is heading for a reversal, but we need to consider that it’s still under 200-day MA. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

Kusama (KSM) Price Prediction 2022

Looking at the daily chart of KSM/USDT, the KSM price was swinging from $42.6 to $69.9 after going to its lowest of the month at $44.4. Bouncing back from the support level, KSM is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term KSM price prediction for 2022 is bullish if it cannot break the support level. We can expect KSM to reach $1.2 this year. 

Kusama (KSM) Price – Resistance and Support Levels

The chart above shows that the price of KSM has decreased in the past few months. Moreover, KSM has been up by 3.99% in the past 24 hours. Suppose this price decrease is a retrace during the bull run. It might be breaking its $88.2 resistance 1 level and increasing to $99.4.

If KSM cannot break the $88.2 resistance 1 level, the bears may seize control and dethrone KSM to a downtrend stance. In simple terms, the price of KSM might fall to almost $36.2, indicating a negative signal from the previous support level.

Kusama (KSM) Price Prediction 2023

Kusama (KSM) could end the year 2022 with a relative strength index (RSI) value of more than 70. This shows that the trend is solid and bullish and will trade above $100 by 2022. Hence, we could expect the price of KSM to surge to at least $182.5 by the end of 2023 since more merchants could integrate KSM Pay into their payment systems.

Kusama (KSM) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect KSM to trade at a price not below $266.5 by the end of 2024.

Kusama (KSM) Price Prediction 2025

We should expect the price of KSM to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, KSM could end 2025 by trading at around $334.5.

Kusama (KSM) Price Prediction 2026

Since the maximum supply of KSM is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of KSM could break the usual trend and trade at $402.4 by the end of 2026.

Kusama (KSM) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of KSM could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, KSM could trade at $499.1 by the end of 2027. 

Kusama (KSM) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Kusama (KSM)could hit $625.3 by the end of 2028. Also, KSM is likely to break its ATH value.

Kusama (KSM) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of KSM to $978.1 by the end of 2029.

Kusama (KSM)  Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Kusama (KSM) to trade at around $1553.8 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

KSM might reach $100 in 2022 and $1500 by 2030 if investors decide that KSM is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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