Chart Dashboard: PolkaDot/Kusama ..2021's biggest altcoin storyCharts to Monitor the Rise of Polkadot and Kusama.
The ecosystem prepares to go live end of Q1-Q3 of 2021.
- First Chart = is Dot/Eth/BTC. For this chart to go up Dot has to outperform both ETH and BTC.
- Top Right = Kusama Vs Dot . . Kusama is overlooked and undervalued. The idea is that Dot will out perform Eth and Kusama will out perform Dot.
*ALL PROJECTS LOOKING TO SECURE POLKADOT SLOTS HAVE TO DEPLOY TO KUSAMA FIRST.. KUSAMA WILL HAVE A FULLY FUNCTIONING ECOSYSTEm 7 - 12 MONTHS BEFORE POLKADOT*
- Bottom right = is Polkastarter. aka "The HEAT CHECK" . . . . This platform is an ERC20 based (soon to be Dot based) Crowd funding platform for Polkadot startups. Great indicator of investor interest (has done 100x this year to date). Demand for the coin is because you have to own 2000 polkastarter tokens to get access to crowdsales.
The thesis:
Short version = Kusama and Dot are going to have rises similar to 2017 Ethereum during this bull cycle. KSM $2k+ and Dot $400+ .. at the same time the coins from polkadot ecosystems will also have high growth potential creating an ICO like frenzy in the Dot/Kusma ecosystem.
Long version =
The polkadot ecosystem has been quietly preparing with 100's of projects ready to vie for slots on the Kusama and Dot base layer chains. Many of the projects have some of the best minds and largest crypto investors behind them. Each of these projects are their own blockchain with their own token and use case... There will be Defi and oracles and data storage etc etc etc. What is about to happen here is the ICO craze of 2021. But with key differences!
1. These projects will be delivering critical usable products at a time when Ethereum is pricing individuals out of the network.
2. Participants will LOAN Kusama and Dot tokens instead of giving them away like ICO's.. so you get the project tokens and also keep your KSM/DOT after a lockup period
= Dot and Kusama will be highly sough after and then locked up for 6-24 month durations... supply will get very thin.
With the bull cycle timing, quality of projects, and general hype . .this has the makings of being an explosive part of this bull cycle as it both solves current problems and feeds into current hype but with strong projects.
Kusama Auctions are end of Q1 2021. So I expect it will pump very hard from Mid Feb into March (seems to have already started). Bonus = many projects are offering separate tokens for Kusama versions of their blockchain . So even more opportunity for investors to get appreciation/airdrops/staking rewards.
FYI PolkaDot and Kusama are not intended to compete with Eth or ADA. Instead Polkadot is a base layer protocol that operates beneath a blockchain like Eth or Ada. Dot and Kusama do not even have smart contracts in their code base.... they will depend on a layer two for that. Just to clear up comparisons you may hear.
