Can Kusama reach $10000, $5000,$1000? Kusama Price Prediction 2023-2030

Latest Kusama Price

Kusama Price Performance

Last 7 Days	+12.8%
Last 1 Month	+50.4%
Last 12 Months	-4.1%
Since Launch (2020)	+1504.0%

Kusama: Buy or Sell, Crowd Poll (New)

Kusama Price Prediction Today, Tomorrow and Week

• Kusama Price Prediction in the next 24 hours is between $28.4 and $29.9
• Kusama Price Prediction this week is between $25.9 and $29.5

Kusama Price Prediction 2023-2030

• Kusama Price Prediction 2023 is $30.7
• Kusama Price Prediction 2024 is $50.4
• Kusama Price Prediction 2025 is $72.5
• Kusama Price Prediction 2026 is $101
• Kusama Price Prediction 2027 is $130
• Kusama Price Prediction 2028 is $174
• Kusama Price Prediction 2029 is $237
• Kusama Price Prediction 2030 is $344

Can Kusama reach $10000

To reach $10000, Kusama will have to rise more than 500 times. At $10000, Kusama’s Market cap will be $83 Billion, which is three times the Market Cap of XRP. Therefore, can Kusama reach this level? How quickly can it reach $10000?

Firstly, Kusama’s recent track record has been poor. While many cryptocurrencies gained this year, Kusama is still down over last year. Kusama had a great year in 2021 when most cryptocurrencies performed well due to the Covid-driven liquidity boom. Now, Shiba Inu too gained significantly that year. However, Shib continued to outperform Kusama after that, thanks to aggressive community and development efforts. Looking at the recent track record, it is unlikely Kusama will reach $10000.

On Google search, there are very few people searching for Kusama. Further, there is little activity on its main Twitter handle – a total of 5 posts this year. According to Santiment, Kusama is top-ranked in development activity. However, this does not dissuade investors as this development activity is tied to Polkadot. Many apps test live on Kusama before shifting to Polkadot.

Overall, Kusama is not well placed to reach $10000

Can Kusama reach $5000?

To reach $5000, Kusama will have to rise more than 250 times. At $5000, KSM’s Market cap will be $42 Billion, which is 1.5 times the Market Cap of XRP. Therefore, can Kusama reach this level? How quickly can it reach $5000?

As discussed earlier, Kusama being an experimental network of Polkadot does not attract the attention of investors. In fact, Polkadot itself is struggling to differentiate itself in the market. Let us look at Kusama vs. Polkadot vs. Tron

Tron which is an outperformer in the DeFi space has outperformed both DOT and KSM. While Polkadot could still evolve and become a better use case given its current market cap of $5 Billion, the same cannot be said of Kusama.

Looking at all the fundamentals which include use cases, investor interest, and growth expectations, we can say that KSM will not reach $5000.

Can Kusama reach $1000?

To reach $1000, the KSM token needs to grow by nearly 50 times. At $1000, KSM’s Market cap will be $8 Billion, which is higher than the Market Cap of Tron. Therefore, can Kusama reach this level? How quickly can it reach $1000?

The KSM token reached its all-time high price of $596 in May 2021 where it grew by nearly 8.76 times in just four months (i.e., from the lowest price of $68 in January 2021).

This is during the peak of COVID-driven liquidity. Given the analysis so far, the only way Kusama could reach $1000 is through another bout of significant increase in liquidity in the market. Given the current macro situation, it is unlikely such an excess will occur again in the next 3-5 years. The only way out for Kusama is to find ways to burn 50-75% of the Tokens. That action will hurt numerous investors and therefore unlikely to happen. Kusama is unlikely to reach $1000 either.

Read about Moonriver which acts as a testing ground where new ideas can be tried out before they’re used on Moonbeam.

Kusama Price Prediction: Is Kusama a Good Investment?

Kusama is a blockchain platform that aims to provide massive scalable and interoperable networks for developers. Moreover, its codebase is very similar to that of Polkadot’s.

Key Features

• Kusama platform provides the developers with a testbed to deploy their blockchains.
• Developers can use the Kusama blockchain as a preparatory network before launching their blockchains on Polkadot.
• The platform offers a lower entry barrier to deploy para chains and is well suited for early-stage startups.
• Kusama uses a nominated proof-of-stake consensus mechanism.
• Kusama network provides permissionless and decentralized on-chain governance capabilities.
• Kusama offers sharded blockchain and open governance system to provide a scalable infrastructure for businesses.

KSM is the native token of the Kusama blockchain. KSM token has a maximum supply of 9,651,217 tokens out of which 8,470,098 KSM tokens are already in the circulating supply of the market. The following are the use cases of the KSM token:

• KSM token holders can participate in the governance of the platform through voting processes.
• KSM tokens can be staked to earn passive income.
• KSM tokens are used to pay the transaction fees on the Kusama platform.

It is worth noting that Kusama is merely an experimental blockchain and doesn’t offer many unique features. Furthermore, there are plenty of blockchain platforms that have similar goals as Kusama’s. Thus, Kusama faces huge competition in the market. Overall, considering the use cases and key features of Kusama, it appears to be a moderate case for investment.

Can I stake Kusama?

Also read: Threshold Price Prediction

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.