Market Stats and Forecasts
Kusama Description
KSM is a blockchain platform also known as Polkadot’s network. It serves as a testing ground for the innovation features and scalability solutions that Polkadot aims to implement. KSM builds on the same Substrate framework as Polkadot; it also offers a live atmosphere for developers to trial with new blockchain technologies. Before getting into more details on KSM let's first understand the role of this token. KSM plays a crucial role in the ecosystem. The token holders have the right to vote for the development of the network and community.
Users can stake their tokens to help the network’s security and provide rewards to participants. When it comes to significance of KSM ecosystem, this is crucial for blockchain experiments. Developers can rapidly test and improve their projects before theoretically scaling them to the larger Polkadot network. Kusama also assists in identifying and addressing probable issues before they influence Polkadot, reducing the risk of unexpected problems. Kusama adopts a vibrant community of developers and enthusiasts who actively contribute to the growth of ecosystem. Undoubtedly Kusama provides a capable platform for innovation but it comes with a lot of challenges.
The success of this platform depends on the adoption of the users and continuous development of the network. When it comes to the network security, Kusama runs on proof-of-stake consensus mechanism which is fairly secure and processes the transaction safely. When it comes to trading, KSM tokens are available on reputed exchanges like Huobi Global, Binance, and OKEx. Overall, KSM is a potential coin which can impact immensely to the crypto industry. If you are an investor, this must be a valuable token for your portfolio. If you are new to crypto and want to invest, then we suggest taking suggestions from an expert and ensuring that you invest according to your risk-taking capacity.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Kusama, Our analysis, guided by the machine learning experts, yields forecasts for Kusama price trajectory up to 2024. With a comprehensive understanding of Kusama historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.78%.
For the year 2024, our analysis indicates a projected yearly low of $27.97, with the high anticipated to reach $41.33. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 33.07 | 33.76 | 34.75 | 6.75 |
| 2024-09-16 | 32.75 | 33.8 | 35.14 | 7.92 |
| 2024-09-17 | 33.09 | 34.14 | 35.14 | 7.92 |
| 2024-09-18 | 32.39 | 33.43 | 34.75 | 6.73 |
| 2024-09-19 | 33.79 | 34.87 | 35.86 | 9.08 |
| 2024-09-20 | 33.79 | 34.5 | 35.52 | 9.08 |
| 2024-09-21 | 33.81 | 34.51 | 35.21 | 10.28 |
| 2024-09-22 | 34.56 | 35.67 | 37.05 | 12.71 |
| 2024-09-23 | 35.3 | 36.04 | 37.1 | 13.95 |
| 2024-09-24 | 34.55 | 35.28 | 36.34 | 12.69 |
| 2024-09-25 | 33.82 | 34.53 | 35.58 | 11.45 |
| 2024-09-26 | 34.17 | 35.27 | 36.64 | 11.45 |
| 2024-09-27 | 34.53 | 35.25 | 35.94 | 11.45 |
| 2024-09-28 | 34.15 | 34.86 | 35.54 | 10.23 |
| 2024-09-29 | 33.45 | 34.53 | 35.89 | 10.23 |
| 2024-09-30 | 34.17 | 35.27 | 36.64 | 11.44 |
| 2024-10-01 | 35.28 | 36.4 | 37.44 | 13.89 |
| 2024-10-02 | 34.18 | 34.9 | 35.96 | 12.64 |
| 2024-10-03 | 34.54 | 35.26 | 35.96 | 12.64 |
| 2024-10-04 | 35.66 | 36.8 | 37.84 | 15.12 |
| 2024-10-05 | 35.7 | 36.85 | 38.3 | 17.65 |
| 2024-10-06 | 36.04 | 36.8 | 37.88 | 16.36 |
| 2024-10-07 | 34.92 | 36.43 | 37.83 | 15.08 |
| 2024-10-08 | 36.43 | 36.81 | 37.55 | 17.61 |
| 2024-10-09 | 36.06 | 36.81 | 37.55 | 17.61 |
| 2024-10-10 | 35.3 | 36.04 | 37.13 | 16.31 |
| 2024-10-11 | 36.07 | 37.23 | 38.7 | 18.87 |
| 2024-10-12 | 36.47 | 37.63 | 38.75 | 20.18 |
Kusama Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Kusama is forecasted to achieve its peak value in 2025 at approximately $65.08, while potentially dipping to a low of $34.11. The average trading value during this period is projected to hover around $58.21.Kusama Price Prediction 2026
In 2026, Kusama is anticipated to potentially reach its peak value of $92.54, with a possible lower value of $49.26. The average trading value for this period is estimated to be approximately $82.15.Kusama Price Prediction 2027
As we look ahead to 2027, the trajectory of the Kusama coin may offer investors unexpected turns. Projections suggest peaks hitting $140.06 and lows stabilizing around $72.48, with an average trading value resting near $127.13.Kusama Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Kusama coin. Projections point towards a maximum value of $209.92, a minimum of $104.48, and an average value of approximately $184.67.Kusama Price Prediction 2029
Our market analysis indicates optimistic prospects for the Kusama crypto in 2029, with projected peaks at $316.3 and floors at $162.23. Moreover, the average trading value of this coin is anticipated to hover around $287.08.Kusama Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Kusama token. Projections indicate highs near $457.8, potential lows around $248.1, with an average value of about $417.43.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $21.85 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 1.3416, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
About ksm
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Kusama is predicted to surge by 11.17% to $34.14 by Sep 17, 2024, though current indicators show a Bearish sentiment with 16 out of 30(53%) green days and a notable 21.72% price volatility over the past month.
