This article was last updated on August 15, 2022
Kusama, the public pre-production environment for Polkadot, could be described to a newcomer as a ‘developer’s sandbox’ of sorts. The scalable multi-chain network laid the foundations for Polkadot’s vision of a scalable, customizable, high-throughput blockchain offering, powered by the KSM cryptocurrency. The token itself launched in December 2019. Ever since, the project has been marking a steady growth, inevitably leading to the general public’s interest. As a result, people are interested in price predictions for Kusama in the upcoming year, mainly because the project’s future looks bright.
KSM price prediction will be the main focus of our article, but we will also talk about Kusama in detail, how to buy Kusama, its history, and more, in order to get the full picture.
Before we hop in, we suggest checking out our article “Crypto For Beginners” especially if you are new to the crypto space. In this article, we go through everything you need to know about the cryptocurrency world and how to easily navigate through it. It will give you a quick leap in knowledge and understanding of the industry.
Over the past week, the price of Kusama (KSM) remained around $57.91. The circulation supply is 8.4 million tokens. The market cap went up to $490 million.
Table of contents
- What Is Kusama?
- How Does Kusama Work?
- Price History & ATH
- Can Kusama Reach $1000?
- Kusama Price Predictions 2022 – 2030
- Our Opinion On Kusama (KSM) Price Predictions
- Is Kusama (KSM) A Good Investment?
- How To Buy Kusama (KSM)
What Is Kusama?
Kusama, as we mentioned earlier, is a public pre-production environment for Polkadot, one that allows any developer to experiment and test new blockchains or applications before releasing them on the network.
This is precisely why it can be said Kusama acts as a kind of sandbox for developers looking to test early versions of Polkadot projects, but with real cryptocurrency traded on an open market.
Official Polkadot upgrades also are tested on Kusama before their release.
Because its primary use is to facilitate testing, Kusama strives to give developers more flexibility while they finalize the design of their Polkadot projects. In addition, Kusama offers looser rules than Polkadot, including less stringent governance parameters.
Kusama mimics most of Polkadot’s major design features. For example, Kusama uses two types of blockchain – Mainnet, called a relay chain, where transactions are permanent, and user-generated networks, called parachains. We’ll get into what parachains are and how they function a bit later.
An advantage of starting a project on Kusama is that future Polkadot projects can get traction and build a user base within the community before launching officially.
How Does Kusama Work?
As described on its official website, Kusama is ‘a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot.’ An experimental environment for developer teams who aim to innovate on Kusama or prepare for deployment on Polkadot.
‘Parachains’ is the word you will notice at first glance upon checking any information on Kusama. But how do they work, and what are they? Knowing this would help you understand how it all works.
Parachains are, well, ‘parallel blockchains’ that run along the main Kusama relay chain. They are custom blockchains that use the relay chain’s resources to confirm the accuracy of transactions.
The chains exchange information with each other. Thus, preventing the main relay chain from any congestion that would have been caused by handling all transactions coming through.
This structure would help future scaling for Polkadot and Kusama, and it explains the interest, so many developers have in the network.
Kusama functions as a warning system about any issues or updates that may threaten the stability of the network, thus, keeping Polkadot safe in this way. The Kusama network promises to exist as long as it is maintained by the community, which puts it amongst the best spaces for high-risk investments and new projects.
With a limited number of parachains, any project that desires to secure a slot would have to obtain a substantial number of KSM tokens for a designated period. For those who can’t afford an entire parachain, there is the option to rent a Kusama parathread. This is basically a space that several users share for a lower cost.
If you wonder ‘How are Kusama and Polkadot different from each other’ the first difference is the much quicker governance system of Kusama. This is where referendums and change implementations only take a week each, compared to a month for the same processes on Polkadot.
Second, minimum staking requirements are lower, and becoming a validator is easier in Kusama.
Of course, we must keep in mind the nature of Kusama as an experimentation blockchain. As the increased speed of the network is the main focus, security and stability are less of a strong point.
Price History & ATH
In this section, we will be taking a look at the price history of Kusama. A crucial step before committing to any price prediction, even if Kusama demonstrates relative steadiness. Any volatility around a token you are considering investing in is another reason to dive deeper into its history before deciding. That is why knowledge about past prices and all-time highs (ATH) will give you a better idea of what to expect and whether the current evaluation is accurate, underpriced, or overpriced.
We will go over each year and any notable price changes over the course of the past couple of months. Without further ado, let’s get right into it before moving to our Kusama price predictions.
The KSM cryptocurrency launched on the 12th of December 2019, or more precisely, was released for purchase to the general public. Initially, KSM had a price evaluation of $1.93. In its first eight months, not much was happening for Kusama. Nevertheless, the price was slowly but surely rising and reached $12.98 by mid-August of 2020.
The beginning of September 2020 brought Kusama its first significant growth when the price rose to $57.69 – a 4x increase in value from just a month before and 29x times more than the initial value at the time of Kusama’s release. This development demonstrated a reassuring tendency that promised even more serious leaps in growth.
From September until the end of 2020, Kusama settled into its new, bigger league with the lowest price of $26.73 and highest price of $71.96 on the last day of the year, wrapping up 2020 with its highest ever value for the time being.
KSM started 2021 with a great first trimester, reaching a new all-time high of its value on the 29th of March at $547.91. A 7x growth in one trimester is something any project would be more than happy to have, and so was Kusama.
The second quarter of 2021 kept the upward tendency, beating Kusama’s previous highest price with yet another all-time high of $594.44 in mid-May, only to end June on a lower note with a price drop of 60%, namely $214.79.
The third and fourth quarters of the year were a back-and-forth journey for Kusama, reaching its highest point in early November at $509.62 and saying goodbye to 2021, priced at $277.55.
Ever since the end of 2021 and all throughout 2022 so far, the world has been repeatedly shaken by new unfavorable events, and the crypto market is yet another reflection of this situation. We are eager to see the European conflicts settled and believe that once it happens, the market will enter a new bullish phase.
Understandably, Kusama isn’t an exception from the bearish market of 2022.
In early 2022, the price of Kusama leaped to $304.9. However, only a few weeks later, the price began to drop and hasn’t stopped until today.
Overall, this is the case with most other tokens nowadays.
Kusama is currently at $49.24, going back to its olden days in December 2020 – the last time KSM was valued between $40 and $50.
WARNING: Currently, the crypto market is highly volatile and prices can change drastically at any given moment. We will make sure to keep this article updated, but make sure to keep an eye on the price of KSM.
Can Kusama Reach $1000?
Kusama is a project with many attractive and unique features, tightly connected to Polkadot. Many investors trust in its bright future and want to be a part of it. The development of the network has an optimistic prognosis once the market stabilizes. This gives us and many others the reason to believe that Kusama can most probably reach $1000.
The current price of Kusama is around $47.66. This means a little over a 20x increase is needed for it to reach a price evaluation of $1000. With a current market cap of $403 million, this will result in a new market cap of nearly 8 billion, which is realistic.
Our calculations above help us believe that Kusama will reach $1000. However, this wouldn’t happen anytime soon from the look of it.
Market stabilization is the first step for any increase, and it is highly dependent on the military conflicts in Europe is resolved. Until then, we can only brace ourselves for a chaotic bear market. Currently, we’ve got Bitcoin dropping down below $20,000, which will inevitably spread fear and push investors into selling.
On the bright side, some investors see this as an opportunity to accumulate tokens. They know that once the market stabilizes, massive gains will follow. They also believe this is where the big money is made due to the huge percentage gain that these tokens will see once the stabilization happens.
So when is Kusama going to reach $1000? We believe Kusama will undoubtedly get to $1000, but it will take at least 5 more years or even more if we are being conservative. However, if the global issues see an end soon, the time frame can be shorter, yet if the situation remains the same, it may take even longer than forecasted.
Kusama Price Predictions 2022 – 2030
Our Kusama price forecast approach is a conservative one while still remaining realistic. Keep that in mind when looking at our predictions. When making a price prediction, we must take into consideration the many different aspects that can affect a token like Kusama/KSM and the whole market.
For example, the military conflicts in eastern Europe are the main reason for the crypto market crash. It’s not only Kusama holders that are wondering whether or not it is time to cash out due to worries of escalation. Because of that, it is going to be the main factor we will be considering.
With that in mind, we will share our own opinion and realistic expectations, as well as a table including the minimum price, average price, and maximum price of Kusama.
Without further ado, let’s get right into our Kusama price predictions.
Specifically for 2022, one factor can affect the KSM price more than anything. Whether or not the conflicts in Europe are resolved is highly significant for the market.
If things settle down, we can expect the price of Kusama to go up to $80 or more. Keep in mind that this is a somewhat conservative future price of KSM.
However, if the conflicts escalate, we can see the market plummeting even further. This would affect the price of Kusama, and it could go for around $28.
Things look similar for 2023, although the biggest factor here would be how adopted cryptocurrencies will be by people, institutions, and jurisdictions.
We believe that the token will start regaining its past prime and go up to around $170 or even $200.
On the other hand, we could also see a market stagnation, which will lead to KSM being evaluated at around $80.
Assuming the market calms down a little, we will see only a slight change in the lower and upper ranges. That would be around a 20% gain or 10% drop in price.
The maximum price will be somewhere between $230 and $270, while the minimum should be around $190.
There isn’t much of a change, but we will need to wait and see what the Bitcoin halving will look like. There’s a chance it will strongly affect the crypto market.
The further into the future we get, the more speculation will be at play. By 2025, we’d hope to see a rise in the adoption of cryptocurrencies. This would be great for every token out there that has utility.
Those lacking utility will most probably disappear, as we can see by checking historical data.
We can expect Kusama’s price to reach anywhere from $305 up to $500 if we are being more optimistic. However, many believe it will have broken the $1000 mark by then, although we are yet to see.
Nevertheless, we need to make sure to keep the price conservative, which is why we go with about $500.
2026 will show us an even clearer picture of the cryptocurrency’s market adoption. We certainly believe it will be a constantly improving one. Due to that, we can expect the price of Kusama to be strongly supported at around $650 while reaching the highest price of $450-$500.
As we said in the previous section, we believe the token will reach the price point of $1000 in 1-2 years. However, we also take a more conservative approach in our actual expert price prediction research.
This is our price prediction for Kusama for the first year of the second half of the decade.
The greater the adoption of cryptocurrencies, the higher the prices, and this is undoubtedly in the cards. The overall cryptocurrency market cap will proceed to increase, and promising crypto projects such as Kusama will definitely follow the lead.
At that point, we can expect to see Kusama at around $450, with a potential to reach $600.
2028 won’t be too different than 2027. These years are overall great for long-term investors. Hopefully, financial institutions will also want to work hand-in-hand with the crypto space.
Here, we should already have strong resistance levels at around $550, while the price can even go as high as $800.
At this point, we must mention that our conservative approach might not last. That’s because by 2028, we will see enormous cryptocurrency adoption by both jurisdictions and regular citizens. This will highly affect the price of any cryptocurrency, so at this point, we are simply guessing.
There might be some stagnation at the end of the decade, and it wouldn’t surprise us. For this reason, we will speculate that the KSM price will stay at around the $600 mark.
This would be a great accumulative opportunity because many will start to sell Kusama due to a lack of volatility. The following year, we can expect a price rise, so let’s see what the beginning of the new decade potentially has in store for us.
For 2030, we will still remain realistic and conservative, however, while applying a slightly different approach. Because it will be the start of a new decade, the most important thing will be whether or not cryptocurrencies get needlessly regulated or not.
If it happens so, the price of most tokens will suffer a drop. This will definitely include the current price of Kusama at that time.
So how much will Kusama be evaluated?
We believe that there will be a maximum value/maximum price level for the average trading price of around $700 (although many truly believe it will break the $1000 mark).
However, the price of Kusama could also drop big time, and our price prediction might be completely off. At this point, our KSM price prediction will be around $800, which is just 16x above the current price. And in the worst-case scenario that Kusama is forgotten, you can expect the price to disappear.
Our Opinion On Kusama (KSM) Price Predictions
When we look at Kusama’s price today, we can make all kinds of speculations. However, when making a price prediction or looking at one, you must be aware that most of the time, it might turn out to be completely off.
Although we kept a strongly conservative approach with our average forecast price, you should still take this prognosis with a grain of salt. Kusama is a promising project with great potential, which makes us believe that it will survive throughout the years.
Nowadays, many who have no understanding of the crypto market are buying Bitcoin. With time, these newcomers will definitely be more interested in the space and would start learning how to optimize their Bitcoin tokens, which is where Kusama comes into play.
Overall, although we believe Kusama will definitely be bullish and we believe in our speculations, we can never be certain.
Is Kusama (KSM) A Good Investment?
At this point, you might be wondering – is Kusama a profitable investment? Although this is not investment advice, we are willing to share our opinion. However, make sure to do your own research as well.
Considering how much attention did Polkadot get, Kusama will be following its steps and be strongly intertwined with DOT’s success, a point that is already unquestionable.
As to whether KSM is a good investment, there’s no easy answer to this question. Some believe in Kusama as an investment, while others find it a risky one. We think it’s worth investing in Kusama, as long as you’re comfortable with the risk and understand the technology.
Yet, since anything is possible with the crypto market, things can change in only a couple of months. So make sure to pay attention to Kusama news if you want to get the best out of your investment.
How To Buy Kusama (KSM)
Thanks to the token’s massive success and popularity, Kusama is listed on most major crypto exchanges and online trading platforms. Investing in crypto is not too complex and you won’t have to go through a lot of unnecessary steps. Below we have provided an in-depth outline of the general steps you will need to take to invest in Kusama.
Choose A Crypto Exchange Platform
The first thing you will need to do is choose a crypto exchange platform that carries Kusama. Luckily, the token is quite popular and is present on most major platforms like eToro, Binance, Coinbase, Bitstamp, and Kraken.
Create An Account
After you have chosen your trading platform, you will need to create an account if you don’t already have one. This process is usually pretty straightforward and usually takes only a couple of minutes. However, you will need to provide personal information such as full name, date of birth, email address, etc.
Verify Your Account
Once you have set up your account, you will also need to verify your identity. This process is a bit lengthier and requires some additional information. Generally, the platform will require that you provide copies of your photo ID, proof of address, and other documents. This is in accordance with Know Your Customer (KYC) laws which aim to prevent fraud.
Deposit Fiat Currency
Next, you will need to deposit funds into your account. You will use these to purchase KSM coins. The amount you can deposit will depend on the crypto exchange platform you are using and the number of coins you wish to purchase. Each platform will support different payment methods and have varying minimum requirements.
Once you have supplied your account with sufficient funds, you can purchase your KSM coins. Head over to the markets or crypto exchange section of your platform and search for the KSM symbol. Once you have found Kusama, place an order for as many tokens as you would like to buy. Alternatively, you can input how much fiat currency you would like to spend, and the system will show you how many tokens that translates to.
(Optional) Move Your Kusama Tokens To An External Wallet
Once you have purchased your Kusama, you have the option to move it to an external third-party wallet. While you can easily store your cryptos in your exchange profile, a dedicated wallet is much more secure. Most platforms allow you to easily transfer your cryptos by linking a dedicated wallet to your exchange account. Alternatively, you can do it manually by transferring them to your wallet’s public address.
When looking at the crypto market a couple of types of projects stand out. The big players – Bitcoin & Ethereum; the meme coins – Dogecoin, Shiba Inu Coin; and projects with purpose – Solana, Monero, Polkadot, etc; Kusama is right there in the last category, and rightfully so.
As we already mentioned, most projects now have no future or potential. Even some of the ones within the top 100 by market cap will be gone in a couple of months. That’s why finding a niche and purpose when developing a project is vital for its long-term success.
Talking about niche and purpose, Kusama has both and will keep growing – it offers solutions that no other network does and is home to constant innovation.
For this and many other reasons, we believe Kusama is a valuable asset to decide on. Not only that, but its price evaluation will continue to grow once everything settles down.
We also strongly believe that our price predictions for Kusama are mostly accurate. That’s due to the conservative and realistic approach we kept throughout. Although we are open to the idea that these are the lowest levels it will reach, we believe keeping it simple is more important.
Still, at the end of the day, these are only speculations, so keep that in mind.
We can’t wait to see what awaits in the future for Kusama, which is why we will be keeping you updated.