Now we just came out of a 26% correction and consolidation and we saw strong support coming and quickly pushing KSM out of the traingle.
Currently KSM is retesting support to blast off potentially to a new ATH against BTC but at the very least a new 15-25% pump!
You might wonder why KSM is so volatile? This is because KSM is very scarce 10m tokens max supply, mostly in wallets of blockchain projects that will/want to use KSM's parachains.
The token is meant for governance and thus very important for future Kusama "clients" to hodl and have influence over the direction of the project.
Like I said in my last update; KSM is governance gold and the price will easily pass 1000$ this year but I expect much more than that.
One the parachain auctions start and projects win a parachain, more demand for KSM will arrive for future governance of the Kusama ecosystem.
(check the links below or my profile for more alts)
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.