Kusama has been one of the best-performing crypto coins since 2020 and has given enormous returns to anyone who invested early. However, since August 2022, the Kusama price has been dropping and has caused significant losses to investors.
As of July 8, 2024, Kusama is trading at $20.03 with a market cap of $303,495,090.
Now in 2024 and if you are planning to buy the Kusama token now, it is important to gather information about the project. Learn what is Kusama what the price prediction of KSM is for 2024 and beyond and what is its relation with Polkadot.
Built on Subtrate, Polkadot is one such cryptocurrency project which seeks to power the decentralized future of the Internet. Its platform is interoperable with other blockchains, and it allows for the creation of smart contracts and new blockchains (and tokens). Kusuma describes itself as, “Polkadot’s wild cousin”. You can say Kusama is the live testnet of Polkadot. Both of them use almost the same codebase.
Let us have a look into this new blockchain-based system that is related to Polkadot.
Kusama: Details.
| Website | Kusama.network |
| Token Ticker | KSM |
| Total Supply | 15,178,718 |
| Current Supply | 15,178,007 |
| Founder | Gavin Wood |
| Current Market Cap |
$303,495,090
|
| All Time High | $621.71 |
| All Time Low | $0.88 |
What is Kusuma?
The Kusuma Network is a complementary aspect of the Polkadot Network. The Kusuma network was created by the founder of Polkadot, Dr. Gavin Woods. It is an experimental blockchain network that is designed to solve the Polkadot ecosystem’s concerns about coding vulnerabilities.
Kusuma is a scalable network of specialized blockchains built using the Substrate blockchain framework and uses nearly the same codebase as Polkadot. Briefly, it is a place for initial proof of a project before it is carried out in the Polkadot Network. It is designed to provide a massive interoperable and scalable framework for developers.
The Kusuma network is the early, unaudited, and unrefined version of Polkadot developed to serve as a testbed for developers who are looking to innovate, test, or deploy their blockchain projects and use it before launching it on Polkadot. This will test any early bugs, problems, or security breaches beforehand and will give a fine and safe finished project.
What is a KSM token?
KSM is the native token of the Kusuma platform. This token can be used by holders to stake, become a validator, nominate a validator, vote on the governance mechanism of the Kusuma network, interact on Parachain auctions, and avail all the features of the platform. Kusuma is a permissionless network and anyone can come along and start using it.
There is a total of 10 million KSM tokens. The latest reports suggest that Kusuma has a circulating supply of 8.98 million.
What does Kusuma Do?
Kusuma is often referred to as the “Canary Network” for its wild cousin Polkadot about the old practice of miners carrying canaries with them into a coal mine to receive an early warning of toxic gases that could hurt the miners.
In this network, Kusuma is the canary that forewarns the developers of Polkadot about any bugs or problems related to the code or blockchain that they are building. The “wild cousin” of Polkadot, asks the developers to “expect chaos” and warns them that there are “no promises”
Kusuma is an unaudited version of Polkadot. It is built on the same codebase, but it is unrefined and intended to act as a development environment to test new features before launching them on Polkadot. But it is to be noted that Kusuma is a real blockchain network and not just an acting testnet.
Unlike other testnets, it has its governance, its token, and its operation. Even the users can participate in the Kusuma Network as builders, network maintainers, and validators.
Kusuma functions as a decentralised unregulated and independent main network. It works as normally as Polkadot and carries out its operations smoothly.
Kusuma Team and Partners
Kusuma is built by the same team as that of the Polkadot network, a company known as Parity Technologies. Parity Technologies consists of some of the world’s most successful blockchain engineers and has over 100 employees in total spread throughout the world.
Dr. Gavin Wood is the founder of Kusuma Network.
Kusuma Network is funded by Grants from the Web3 Foundation. Peter Czaban, the co-founder of Polkadot and technology director of the Web3 foundation is also a team member of Kusuma.
Web3 Foundation helps Kusuma with research and community development.
Kusuma Social channels:
What Does Kusuma offer?
Kusuma is significant among other blockchain platforms since it is built for developers who want to launch web 3.0 projects. With Kusuma, you can bring to your project the following features :
- INNOVATION: Polkadot is one of the best Blockchain networks in the crypto sphere and both Polkadot and Kusuma network use high-level and latest technologies and innovations from Parity Technologies and Web3 foundation.
- SCALABILITY: Kusuma’s decentralized and open governance and sharded blockchains provide a scalable, reliable, and future-proof infrastructure for businesses, marketplaces, and applications to deploy and mature.
- INTEROPERABILITY: Kusuma brings multiple blockchains together, to be interoperable into one sharded network. It frees the developer from the regular restrictions created by legacy blockchain networks.
- CUSTOMIZATION: The developers on the Kusuma network can customize and build their blockchain app or network. With Substrate, developers can choose to build an app-specific blockchain and connect it to Kusuma.
How to buy KSM token?
Kusuma is currently available for trading on numerous platforms including Binance, OKEx Huobi, Bittrex, and Kraken. Let us see how you can buy KSM tokens on the Binance platform:
- Register on the Binance platform if you haven’t already.
- You can sign up from the website or app. Enter your email address and create a password. Confirm your email.
- Set up 2FA for security and do the KYC verification.
- Go to the “funds” section and deposit BTC, BNB and BUSD
- Visit the “exchange” section to buy the ‘KSM’ token
- Enter the amount of KSM tokens you are willing to exchange or the amount of KSM you want to buy.
- Click on the buy option to complete the order.
One can also get KSM tokens for free in the following ways :
- Anyone who participated in the Polkadot ICO, and purchased DOT tokens can claim KSM tokens.
- If a developer has a project that adds to the efficiency of the network, they can get KSM tokens.
- The Bug bounty program rewards anyone who discovers vulnerabilities in the Kusama code.
- Validators can claim KSM as staking rewards
- The Nominators can also claim KSM tokens by delegating their KSM
Best Exchanges to buy KSM Token
- Wazirx (Best Indian exchange to buy KSM tokens)
- CoinDCX (For Indian users)
- Binance (Buy KSM with BTC, USDT)
- Kucoin (Best Binance alternative to buy KSM)
- Huobi (International exchange to buy KSM)
- Changelly (Trade any crypto to KSM)
KSM Price History
2019-2020
KSM token’s initial price was as low as $1.74 on December 14th, 2019. In January 2020, the prices were as low as $1 which was the consequence of a common opinion that Kusuma was originally built as a testbed for Polkadot.
People believed in buying DOT more than KSM. After bouncing between $1-$1.20 between January and almost half of February, the prices finally started going up and reached $3.41 on March 4th.
This was a substantial growth. The prices kept soaring up throughout the year, but it witnessed an exponential growth in August 202 when the KSM token prices went from $10 to $46 in the same month. This was the response to the launch of the Polkadot mainnet. The year ended with a boom and the prices were recorded as $62.04 on December 30th.
2021
2021 has been a good and promising year for Kusuma. The year started with a bang as the price on January 3rd was recorded as $72.57. By the end of January, the prices soared up to $104.36 and reached $273.7 on February 22nd. The price of KSM was $547.91 on May 29th, which was considered to be an exceptional growth in the history of Kusuma.
The prices hit a staggering $623.75 on May 18th and have retreated since then.
The price continued to fall. KSM was trading at 280 USD by the end of 2021.
2022
2022 has been one of the worst-performing years for KSM.
The token, which was trading at 280 USD, saw a continuous drop and is trading at 24 USD on November 12, 2022. It ended the year at 23.1 USD.
KSM Price History 2023:
KSM Price Today: What is KSM Price Today?
As of 8th July 2024, KSM is trading at $20.03 with a market cap of $303,495,090.
Forecast: KSM Price Prediction
Let’s have a look at Kusama price prediction. What are analysts saying about this token? Let’s guess the token’s prices:
KSM Price Prediction 2024
KSM Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $28.661 | $23.114 |
| February 2025 | $26.055 | $18.611 |
| March 2025 | $26.576 | $21.433 |
| April 2025 | $24.160 | $17.257 |
| May 2025 | $26.261 | $21.178 |
| June 2025 | $28.887 | $20.634 |
| July 2025 | $28.321 | $22.839 |
| August 2025 | $33.985 | $24.275 |
| September 2025 | $34.325 | $27.681 |
| October 2025 | $31.205 | $22.289 |
| November 2025 | $31.829 | $25.668 |
| December 2025 | $32.147 | $22.962 |
Kusama Price Prediction 2026 to 2030
| Year | Maximum Price | Minimum Price |
| 2026 | $50.00 | $37.70 |
| 2027 | $64.35 | $46.05 |
| 2028 | $88.14 | $38.69 |
| 2029 | $95.34 | $46.74 |
| 2030 | $114.98 | $45.48 |
In the upcoming years, KSM Token’s prices are projected to vary significantly. For 2026, the maximum price is expected to be $50.00, while the minimum is forecasted at $37.70. In 2027, the maximum and minimum prices are anticipated to be $64.35 and $46.05, respectively. The year 2028 shows a broader range with a maximum price of $88.14 and a minimum of $38.69. For 2029, the maximum price is projected to be $95.34, and the minimum is $46.74. Finally, in 2030, the maximum price for KSM Token is expected to reach $114.98, while the minimum is forecasted at $45.48.
KSM Price Prediction in INR: 2024 to 2030
| Year | Maximum Price | Minimum Price |
| 2024 | ₹2,367.99 | ₹1,453.41 |
| 2025 | ₹2,864.34 | ₹1,440.42 |
| 2026 | ₹4,173.45 | ₹3,146.78 |
| 2027 | ₹5,371.23 | ₹3,843.75 |
| 2028 | ₹7,356.96 | ₹3,229.42 |
| 2029 | ₹7,957.93 | ₹3,901.34 |
| 2030 | ₹9,597.27 | ₹3,796.17 |
In the coming years, the prices of KSM Token are expected to fluctuate significantly. For 2024, the maximum price is projected to reach ₹2,367.99, while the minimum is anticipated to be ₹1,453.41. In 2025, the prices are expected to range between a maximum of ₹2,864.34 and a minimum of ₹1,440.42. Moving into 2026, the maximum price is forecasted at ₹4,173.45, with a minimum of ₹3,146.78. The year 2027 sees further growth with a maximum price of ₹5,371.23 and a minimum of ₹3,843.75. In 2028, the maximum price is expected to be ₹7,356.96, while the minimum will be around ₹3,229.42. For 2029, the KSM Token is projected to have a maximum price of ₹7,957.93 and a minimum of ₹3,901.34. Finally, in 2030, the prices are forecasted to peak at ₹9,597.27, with a minimum of ₹3,796.17.
DISCLAIMER: The price predictions are a wild guess depending on the past performance. This is not financial advice. Please DYOR before investing.
Is Kusuma Network Secured?
Kusuma follows the Nominated Proof-of-Stake (NPoS) consensus model. The Nominated Proof-of-Stake uses a network of Nominators (KSM stakers) who elect validators to participate in the transaction validation process. The validators are elected based on their stakes and the stakes of those who are voting for them. The platform balances the weight between validators in every election.
These nominators also receive a fraction of the inflation reward if their validator is selected. Validators who use unfair means or dishonest ways to operate the platform can be deselected and their stakes will be instantly slashed.
Kusuma also uses a queuing mechanism based on Merkle trees to resolve cross-chain transactions. The chain validators are responsible for moving transactions from the output queue of one parachain to the input queue of the target parachain.
The entire process of validating each input and output makes it secure, trustworthy, and reliable. The Parachains also bring security, speed, and scalability.
Pros of Kusama
- Kusuma’s network makes it able to scale and accommodate unlimited projects.
- Kusuma is secured against any disputes on the network and hence hard forks are unlikely to occur
- Kusuma is completely decentralized
- Kusuma network is completely secured because of its decentralized nature
- The network allows developers access to different interoperable blockchains
Cons of Kusama
- Kusuma faces competition from big shots like Ethereum and Tezos
- Although Kusuma is more than a testbed, it is often seen and used as Polkadot’s testnet only.
- The parachain model of Polkadot requires that for any application to be launched on Polkadot, it must already exist on another parachain.
Kusama Price Prediction: FAQs
Let’s look at the price forecast of Kusama.
What is the price prediction of Kusama in 2030?
Kusama is a good long-term hold. It is expected to be priced around $114.98 by 2030.
How much will Kusama be worth in 2025?
Kusama is expected to be worth a little less than $34.325 USD.
Will Kusama reach 100 USD?
KSM is expected to reach $100 by 2030.
Will KSM reach 10000 USD?
It may take a lot of time before KSM hits 10000 USD. I am not expecting KSM to touch 10000 USD any time before 2050.
Is Kusuma Worth Investing for 2024 and beyond?
If you’ve been following the updates of Decentralized Finance (DeFi), you know how KSM is important. And, if it is to follow Polkadot’s lead, crypto analysts believe that Kusuma might just be the next best thing. The network is very promising and has given exceptional returns in the past year. However, we have many layer 1 crypto projects in 2024. And Kusama will need to do extraordinary to stay in the fight. Now let’s look at the positives about Kusama and KSM tokens.
Kusuma is a hub for developers to create their projects with no resistance and absolute ease. Interoperability and scalability a major plus for developers. It is expected that Kusuma is the future of Blockchain projects for developers.
Hundreds of projects have been deployed and many are being built every day. Another important aspect that adds to KSM being a valuable asset is its founders. It was developed by the same visionary mind that helped build Ethereum and Polkadot.
ALSO READ:
- BitBNS review: Should you use BitBNS in India?
- Binance review: best cryptocurrency exchange
- What is WinkLink? WIN price prediction
Disclaimer: The article ‘What is KSM and KSM price predictions 2024 to 2030’ is just an opinion and not financial advice. Please consult a financial advisor before investing in KSM.
Last updated: 8th July 2024
