- 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 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.”
- This is a long term trade, as we remain in bearmarket for now, KSM could enter a long consolidation corridor. - KSM can be staked in Kraken for 18% (and more exchanges) or Onchain via Polkadot.JS - Total Supply for Kusama is Total 9,651,217 so his price is far under valuated.
- When you see BB is thinner and thinner a potential move is about to start. - Remember that all altcoins follow TheKing so if BTC don't move, they won't move.
- i will post my older KMS Chart in comments.
------------------------------------------------- Trading Parts ------------------------------------------------- Buy : 40$ ish ( Now ) Rebuy : 25$ ( Max Buy if we have a BTC wick ) ------------------------------------------------- Tp1 : 999$ Tp2 : 1499$ -------------------------------------------------
Happy Tr4Ding !
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This chart is interesting, i posted it on 1 Feb 2022. KSM broke down is trend with the pressure of the falling King. Look at the begins of the chart and u will notice a "Yellow bounce sign". Now we are here.
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Back to the actual chart. Zoom in on BB. KSM needs to at least pass 56$ to start a bullish move.