KSM/DOT Pair Looking to BreakoutKusama is looking to breakout against Polkadot. Still Over 50% off the peaks, 10x lower market cap and therefore more room to run, and testing resistance around the 10 DOT mark, Watch closely...
KSM
KSM Fractal playoutHello Traders,
Recently I have noticed that the coins and tokens that have already ran are following the exact same run up that they had the first run except larger and longer in time. I am mainly posting this to see if KSM does the same and if it looks to be doing so I will be playing my cards as shown in the chart. I figure if this gem of a find does play out I may as well share it with the TV community. Best of luck to us all. If you are looking to get into my more specific calls, check the tag in this post.
Below as always, you will find information that I have grabbed to make your fundamental analysis on this coin easier as well as finding an ex change to purchase it on.
Have a GREEN WEEK as this one should be very much so!
Savvy
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Fundamental Analysis
KSM Price Live Data
The live Kusama price today is $364.48 USD with a 24-hour trading volume of $131,478,342 USD. We update our KSM to USD price in real-time. Kusama is up 5.94% in the last 24 hours. The current CoinMarketCap ranking is #57, with a live market cap of $3,087,174,208 USD. It has a circulating supply of 8,470,098 KSM coins and the max. supply is not available.
If you would like to know where to buy Kusama, the top cryptocurrency exchanges for trading in Kusama stock are currently Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global. You can find others listed on our crypto exchanges page.
What Is Kusama (KSM)?
Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.
Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.
Who Are the Founders of Kusama?
Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum.
Parity Technologies has an extensive team comprised of some of the world's most successful blockchain engineers, and has over 100 employees in total spread throughout the world.
In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help "nurture and steward technologies and applications in the fields of decentralised web software protocols." The Web3 foundation also supports Kusama with research and community development thanks to its growth team.
What Makes Kusama Unique?
Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development.
It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system — an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.
This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.
Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days — leading to the rapid pace of development for projects built on Kusama.
The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so — thereby ensuring maximum community cohesion.
Related Pages:
Read more about Polkadot (DOT) — which is like Kusama (KSM), but enterprise-focused.
Check out Ethereum (ETH) — one of Kusama’s major competitors.
Brush up on your crypto basics with CoinMarketCap Alexandria.
Visit the CoinMarketCap blog for the latest news, tips, tricks and market insights.
How Many Kusama (KSM) Coins Are There in Circulation?
As of November 2020, Kusama has a circulating supply of 8.47 million tokens, and a total supply of 10 million tokens. Unlike some other blockchains, this maximum supply is not fixed. Instead, it increases at an inflation rate of 10% per year.
The proportion of KSM that are staked changes how the newly minted KSM tokens (from inflation) are distributed. If exactly half of all KSM are staked, then Kusama validators receive 100% of newly minted tokens, whereas if it is above or below 50%, then some of the inflation rewards will go to the Kusama Treasury.
Kusama initially launched as an airdrop to those that participated in Polkadot (DOT) token sale. These were distributed at a 1:1 rate, while those without DOT were able to obtain KSM by using a frictional faucet — this has since been decommissioned. Unlike Polkadot, Kusama has not undergone redenomination to increase its circulating supply.
How Is the Kusama Network Secured?
Kusama is built using a nominated proof-of-stake (NPoS) consensus mechanism.
This uses a network of nominators (KSM stakers) who elect nodes to participate in the transaction validation process. These nominators receive a fraction of the inflation reward if their nominator is selected on the next rotation. Validators that act dishonestly or don't meet performance requirements can have their stake slashed.
Additionally, Kusama uses a simple queuing mechanism based on Merkle trees to resolve cross-chain transactions. Relay chain validators are responsible for moving transactions from the output queue of one parachain to the input queue of the target parachain — this is a secure, trustless process that uses the same validators on each chain to pass the messages.
Where Can You Buy Kusama (KSM)?
Kusama (KSM) is currently available to trade on dozens of popular exchange platforms, including Binance, OKEx and Huobi Global. The most liquid trade pairs for KSM are currently KSM/USDT, KSM/BTC and KSM/ETH.
KSM/DOT closing above the key level of 10If KSM/DOT closes above 10 on the daily, I think it will outperform DOT, and continue to run for the next few weeks
a bullish signal in bearish market ! (KSM-kusama)hi traders whats up
as you know the market has been bloody in past days but there are a few cryptocurrencies which are able to be pumped
one of along them is kusama(KSM) based on these facts:
1. the very important support zone (300$) wasn't broken and KSM is located at bottom of it
2. our trend line was broken successfully(very successfully) by a big a.. candle representing good sign to buy after the pullback to trend line or right now
3. kusama was developed on polkadot blockchain itself so a positive fundamental reason added
you can buy now our wait unless the pullback to trend line happen and MTR pattern form
KSM market cap : near to 3B$
KSM volume : 14% increase in past 24H
KSM 1168% potential! Yeet!Hello traders,
I put some targets together and a potential fractal that would be amazing if it played out on this coin that seems pretty legit!
Enjoy, and have a green week!
Fundamentals below!
Savvy
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Fundamental Analysis
KSM Price Live Data
The live Kusama price today is $330.26 USD with a 24-hour trading volume of $154,103,042 USD. We update our KSM to USD price in real-time. Kusama is down 0.87% in the last 24 hours. The current CoinMarketCap ranking is #62, with a live market cap of $2,797,308,796 USD. It has a circulating supply of 8,470,098 KSM coins and the max. supply is not available.
If you would like to know where to buy Kusama, the top cryptocurrency exchanges for trading in Kusama stock are currently Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global. You can find others listed on our crypto exchanges page.
What Is Kusama (KSM)?
Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.
Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.
Who Are the Founders of Kusama?
Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum.
Parity Technologies has an extensive team comprised of some of the world's most successful blockchain engineers, and has over 100 employees in total spread throughout the world.
In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help "nurture and steward technologies and applications in the fields of decentralised web software protocols." The Web3 foundation also supports Kusama with research and community development thanks to its growth team.
What Makes Kusama Unique?
Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development.
It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system — an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.
This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.
Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days — leading to the rapid pace of development for projects built on Kusama.
The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so — thereby ensuring maximum community cohesion.
KSM in the flag pattern.Parachains are up and running and Dot is on the verge of Price-discovery; Kusama is Bullish than ever!
It's currently unlikely to break the resistance
Now is the time to buy and hold. But when it was in the support zone.
personally have already bought it and as long as it's on this Sideway channel, I'll buy more KSM within the support range and sell some of them in the resistance Until it breaks resistance upwards.
Please Note: Nothing is certain and the final decision is Bitcoin! So always put SL or take some profit.
KSM/USDT : Cup and Handle formed, $660 is programmed !BINANCE:KSMUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#KSM has formed a Cup and Handle here, Also there is a breakout on the higher resistance zone.
- We had failed breakout earlier but this time might have more proven bullish momentum because of Cup & Handle.
📑 Target of the pattern will be 227 unit growth and it'll give us the minimum target of $660 ( 52% growth ).
- Also FIB extension's target on 0.50's level is located near above to $660 !
But what is Cup & Handle and how it works ?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
The pattern's formation may be as short as seven weeks or as long as 65 weeks.
It is worth considering the following when detecting cup and handle patterns:
- Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
- Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
- Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
🔴 On this such charts, You can set your SL below the broken resistance zone as 2-3 candles close to avoid the LOW R:R and possible Stop-Hunts !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
KSMUSDT Technical Analysis⏳ Spot
💎 KSMUSDT has broken above a significant resistance. It has formed an ascending channel and has been making HHs and HLs in the channel. It must eventually go to the top of the channel
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 389.0 - 409.8
☕️ TP1 457.3
🍺 TP2 490.7
🍻 TP3 528.2
🍾 TP4 569.9
🍷 TP5 601.3
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 346.7
Good Luck 🎲
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